Investing and Trading News, with a Contrarian, Sarcastic Twist!
On Sunday, Guo Shuqing, a top Chinese Banker, suggested the US and World Bank sell bonds denominated in Chinese yuan. “I think the U.S. government and the World Bank can consider the possibility of issuing renminbi bonds in the Hong Kong market and the Shanghai market,” he said. The clamor by China for a diversification […]
The USDA just released its latest crop progress report. Most of the grain crops look to be in pretty good shape, with the exception of soybeans, which are still behind schedule. Wheat’s been slammed the past few days after a speculative run-up, so it appears this news was priced in. Not much movement from corn […]
The bull market in money creation is still intact! After a short “correction” a few months ago, the printing presses are revved up and running faster than ever before. The continued strength in equity and asset prices…much to the surprise of many smart traders…seems to be validating the theory that this bear market rally is […]
Daily Crux Editor Brian Hunt reports that bullish sentiment for gold in investment newsletters is very high – “near extreme levels that marked the previous three tops in gold.” When everyone is bullish, that’s trouble for longs…at least in the short term. Need another data point? How about an insurance company hopping on the gold […]
I started tracking Robert Prechter of Elliott Wave International recently because, to my knowledge, he’s one of the only guys who correctly anticipated the Great Crash of ’08. Now, he had been waiting for this crash since he wrote Conquer the Crash in 2002, but better to be early than late in this case. A […]
Let’s take a stroll down Great Depression memory lane to find out what would happen if, in fact, we do slip into a deflationary depression. Would our gold stocks get trashed? It’s important to consider all the possible scenarios that could unfold…since it seems like we’re heading for, or already in, a depression, we now […]
CNN reports that Treasury Secretary Tim Geithner is having trouble unloading the McMansion he purchased in 2004…close to the top of the housing bubble. Shocking on multiple counts, huh? Geithner purchased the home for $1.601 million…after there were no takers for $1.575 million, he decided to rent the joint for $7,500/month. Without breaking out a […]
Technically speaking…Australia is not yet in a recession. Australia’s GDP rose 0.4% in the 1st quarter of 2009 – a strong, strong performance turned in from the Land Down Under…especially as the other major economies in the world continue to circle the bowl. As long as China’s recovery continues – and that could be a […]
Here’s a great piece by our friends at Stratfor about the effect that geography has played in the economic development of four key regions – the US, Russia, China, and Europe. Stratfor has a very bullish stance on the US – both historically, and looking into the future – which is counter to many of […]
The rally in the Australian looks poised to continue, as their central bank left interest rates unchanged – which preserves the large yield premium the Aussie still enjoys over most other major currencies. Here’s the breakdown from legendary currency analyst Chuck Butler: Down Under… The Reserve Bank of Australia (RBA) left rates unchanged (good for […]
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