Investing and Trading News, with a Contrarian, Sarcastic Twist!
Crude oil expert Philip Verleger, who correctly predicted oil would hit $100 back in 2007, is now forecasting $20…this year! Verleger says that supply is outpacing demand by 1 million barrels a day – and with the global economy not really improving, a warm winter could prove to be “devastating” for oil prices. This jives […]
Here’s some great guest commentary from Doug Casey, as he riffs on various investment topics. Today he shares his insights about how to stash bullion safely away from the watchful eye of the government. The picture of Doug below really cracks me up. I find his musings both insightful and hysterical, and we’ll be featuring […]
Is Global Warming a real threat to the planet…and the future of the human race? I used to be convinced so, based on hard, scientific data. Nowadays, I’m not so sure – I’d classify myself as skeptical to say the least. And I believe that even if we are warming the planet with our carbon […]
I have no idea what’s going on with the markets right now. Just when things look most ominous, they fire up again this week big time…isn’t that the way markets always work! Well for what it’s worth, our friend Brian Hunt made an astute ovservation that the Baltic Dry Index has turned down once again…this […]
The WSJ reports that option adjustable-rate mortgages (Option ARMs) are taking the torch of the housing disaster from subprime mortgages. Yes, the circle of death rolls on in the US housing market – what started as a subprime fiasco is evolving into a more inclusive party, with Option ARMs rolling up, kegs and cigars in […]
Here’s a nice contrarian viewpoint put forth by Stratfor – they believe the US will be the first country to lead the world’s global economic recovery, starting as early as the 3rd quarter of this year. And then Asia’s recovery won’t be far behind. Stratfor produces excellent analysis about geopolitical ongoings…basically a “personal CIA” delivered […]
US households are paying back their debts at a glacial pace reports the Federal Reserve. Household debt peaked at $13.9 trillion in 2008 (with a “T”). Amidst all the deleveraging and pain of the last 18 months, total debt has inched down just a hair, to $13.8 trillion. At this rate, the US consumer will […]
I’ve come to the conclusion that in roughly March of 2008, the general tide shifted from inflation to deflation for the first time since World War II. Since that shift, everything we have seen has been pretty much deflationary. Oil is half of where it was about a year ago. Ditto for corn and soybeans. […]
Last night I had the opportunity to sit down with PG, who is the head of a small refinery based in Texas. We talked about the economy, and most specifically, crude oil – where the price may be heading, and supply/demand considerations. (OK it’s my father-in-law…we were having an after-dinner beer…but I’ll take his insights […]
Here’s an update on the government efforts to revive the economy…courtesy of The Onion, here’s your afternoon entertainment! Obama To Hold Job Performance Review With Every American Worker
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