Investing and Trading News, with a Contrarian, Sarcastic Twist!
The folks at The Institutional Risk Analyst sat down with “EU financial mess expert” David Kotok, CEO of Cumberland, to discuss the ECB’s (shoddy) options, the Fed’s lack of credibility, and the looming risk of deflation for the West. Kotok: The question of credibility is a continuing problem. It all comes back to solvency. We […]
Chalk up another QE2 success story! Wool prices – yes, wool – has hopped on board the commodity bull, riding to record-high prices. The Wisconsin Ag Connection reports: New record wool prices have been set this week, with unchanged supply and demand fundamentals continuing to support the market. Australian wool prices hit a 22-year record […]
Charles Hugh Smith writes on his excellent Of Two Minds website that from 2008-2011, the US Federal government paid roughly $8.70 for every $1 gain in GDP. The Federal government borrowed and spent $6.1 trillion over the past four years to generate a cumulative $700 billion increase in the nation’s GDP. That means we’ve borrowed […]
As you know, there is A LOT of optimism priced into the stock market right now. But with this “economic recovery” starting to sputter, and companies racing to adjust their earnings expectations DOWN, what will happen if a string of earnings disappointments comes in? —- Being Street Smart Sy Harding Will the Fed Push Its […]
Ever get the urge to follow US Federal budget interest costs from the comfort of your own home? Now you can! Go dig out your bond vigilante hat, and have a blast with this fun Federal deficit interest rate calculator. Hat tip to our friend and correspondent Dr. Evil for sending this resource along.
A Scottish financial historian with an S&P target price of 400? Be still, our beating hearts! CLSA’s Russell Napier is my new favorite – take a listen to his interview with Financial Sense’s Jim Puplava. He believes that QE2 has failed in terms of reigniting credit growth – at least here in the US. But […]
Yesterday, Google accused – (or “announced that”, depending on which side of the Pacific you’re on) – Chinese hackers targeted the Gmail accounts of some folks who might not exactly be friends of the Chinese government. From Minyanville’s Justin Rohrlich: It was announced yesterday that hundreds of gmail passwords were stolen and used to access […]
During our trip to Singapore last month, I had the great opportunity to sit down with two guys leading the startup charge in that beautiful city-state. In the morning, I had a great chat over tea with James Chan, Investment Manager at Neotony Labs – and later in the afternoon, my wife, our friend, and […]
As you know, there is A LOT of optimism priced into the stock market right now. But with this “economic recovery” starting to sputter, and companies racing to adjust their earnings expectations DOWN, what will happen if a string of earnings disappointments comes in? —- Being Street Smart Sy Harding Earnings Will Follow the Economy […]
Our friend and frequent/popular guest Andy Kessler wrote an excellent op-ed for the Wall Street Journal this weekend, giving his take on the sky high valuations we’re seeing bestowed upon Silicon Valley’s newest darlings – Team Social Media: It’s no coincidence that last week, as the minutes from April’s Federal Reserve meeting suggested interest rates […]
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