Investing and Trading News, with a Contrarian, Sarcastic Twist!
Whenever everyone is on one side of a trade, you can be sure a sharp reversal is only a matter of time. Traders entered today with near record short bets against the US dollar: CFTC Commitment of Traders data shows that speculators remain heavily net-short the US Dollar against the Euro, British Pound, Canadian Dollar, […]
If you’d like to be featured on this blog, here’s a not-so-secret secret: we have a serious soft spot for the other 4 people left in the deflation camp. Cycles researcher Charles Nenner joined Yahoo Tech Ticker to – be still my heart – reinforce his Dow 5000 prediction, and reiterate that he believes deflation […]
Dallas Fed CEO Richard W. Fisher had some strong words against further monetary easing as a means of putting people back to work: But it is worrisomely clear that the task of putting millions of unemployed and underemployed Americans back to work will take an anguishing amount of time. I do not, however, feel that […]
Energy expert Matt Badiali writes in DailyWealth that plans out of China and India to create strategic oil reserves of their own could put a floor under the price of oil for years to come: China and India are faced with the same dilemma the U.S. faced in 1973. Neither country has enough petroleum to […]
The Economist’s quarterly home price index was just published, concluding that while home prices have come down globally from their 2007 peak, they are still overvalued on the whole. Indeed, only in Hong Kong, Singapore and Switzerland is the property market more overvalued than it was before the global economic downturn began in the third […]
Not too many places, as you can see at a glance: Today, as usual, most markets were highly correlated. (Source: Barchart.com) But a big tip of the cap to gold and silver, which each put in strong days – gold set a new all-time intraday high near open, while silver closed at a 31-year high. […]
Here’s a very well articulated bullish case for gold and silver courtesy of precious metal guru Eric Sprott. Of course Sprott has a horse in the race, with his asset management firm holding very large positions in the precious metals, but I highly recommend you take the 8 minutes to watch this clip. And at […]
DailyWealth’s Dr. David Efrig likes to keep an eye on the M1 multiplier (as do I) as an indicator of whether or not inflation is in control: The M1 money multiplier monitors the amount of money individuals and businesses have to spend on consumption or investment… relative to the money available for banks to lend. […]
Ask anyone who remembers the 1970’s – there’s no inflation like wage inflation, which has a nasty habit of perpetuating across the economy at large. With Chinese leaders about to convene for some chalk talk around their next five year plan – and raising wages near the top of their agenda – what does this […]
In Bill Gross’ latest commentary, he wonders aloud who will buy Treasuries when the Fed stops QE2 at the end of June. What an unbiased observer must admit is that most of the publically issued $9 trillion of Treasury notes and bonds are now in the hands of foreign sovereigns and the Fed (60%) while […]
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