Investing and Trading News, with a Contrarian, Sarcastic Twist!
How does our current recession (or more likely, soft depression) compare with the Great Depression? For an excellent account of the United States’ last go-round with economic collapse, I’d highly recommend The Great Depression: A Diary by Benjamin Roth. Roth is a Youngstown, Ohio based attorney who details a compelling play-by-play of the Depression, spanning […]
Las Vegas may still be hurting, but the Wall Street Casino is as lively as ever. US ETF and ETP assets have just topped the $1 trillion mark – impressive because c’mon, let’s face it – ETFs are a pure speculative vehicle, nothing more and nothing less. And because ETFs are created due to investor […]
Just in case you were feeling chipper about the “economic recovery” being touted by the mainstream financial media, check out Porter Stansberry’s End of America video, where he makes a compelling case that inflation is already here, and hyperinflation, severe social unrest, and government imposed financial restrictions are just around the corner. He’s definitely a […]
The current headline on Google Finance is a Bloomberg story crowing about the S&P’s 86% (!) rally off the March 2009 lows. The S&P has traded up 17 out of 22 trading days in December (Source: Elliott Wave International), and has rallied pretty much non-stop for 4 months now. A rally which, fittingly, kicked off […]
Courtesy of John Hussman: The U.S. fiscal position is far worse than our present $1.3 trillion deficit and nearly 100% debt/GDP ratio would suggest. On the deficit side, there is certainly a “counter-cyclical” pattern to the U.S. federal deficit. As I noted a few weeks ago, every 1% shortfall of real GDP from potential (as […]
Courtesy of our friend and frequent guest writer Sy Harding, here’s his 2011 economic and stock market outlook. Regular readers know that Sy usually errs on the side of caution, so like me, you may be a bit surprised to see him casting his lot with the bullish forecast camp – though he does not […]
Investors sure are in a good mood this Holiday season! But how long can this extreme bullish mood last? We turn to Sy Harding for his thoughts as we head into the Christmas holiday…but a quick heads up, these exuberant individual investors may have you reaching for the egg nog! —- ’Tis a Season To […]
“Do something!” is a common refrain clueless voters and politician like to rally around when it comes to “fixing” our Humpty Dumpty economy. To which I usually protest: “No – don’t do anything!” Because government can only harm the economy by getting involved – as we’ve seen once again over the last three years. It’s […]
Not bad – Rosenberg had the S&P fair value pegged much lower last time (in the range of 650 to be precise). From today’s Breakfast With Dave: S&P 500: No surprise here, the U.S. market continues to be overvalued. According to our proprietary models, the median fair-value for the S&P 500 is 1,120 (with a range […]
Over the weekend I caught a good interview that Jim Puplava conducted with economic commentator Gonzalo Lira about possible shakeout ramifications for the Euro as a result of the accelerating sovereign debt crisis in Europe. Lira laid out two potential scenarios: The PIIGS withdraw from the Eurozone, leaving the sounder core member (Germany, France, etc) […]
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