Investing and Trading News, with a Contrarian, Sarcastic Twist!
And on top of that, 17,000 payments were sent to prison inmates! The AP reports: More than 89,000 stimulus payments of $250 each went to people who were either dead or in prison, a government investigator says in a new report. The payments, which were part of last year’s massive economic recovery package, were meant […]
Today, stocks were up again – and on low volume, again. There is speculation that this surprisingly resilient rally is predicated on bets that the Fed will act to protect the economic recovery – or whatever you’d call this thing! For a look at the wagers being placed on potential Fed action, we turn to […]
Here’s a beauty from The Onion that’ll probably make you laugh, AND cry: WASHINGTON—Citing a desire to gain influence in Washington, the American people confirmed Friday that they have hired high-powered D.C. lobbyist Jack Weldon of the firm Patton Boggs to help advance their agenda in Congress. Known among Beltway insiders for his ability to […]
The City of Harrisburg is broke – but at least it’s not alone! From The New York Times: Across the country, a growing number of towns, cities and other local governments are seeking refuge in similar havens that many states provide as alternatives to federal bankruptcy court. Pennsylvania will have 20 cities and smaller communities […]
This one’s for all the fellow deflationists struggling to “keep the faith” during the continued rally in asset prices – most notably the parabolic move in the precious metals. Christopher Whalen of the American Enterprise Institute presents Four Pictures of Deflation, and concludes: “The end of the liquidation cycle of the deflating bubble will arrive […]
Here’s a great guest piece by Doug Casey, the Founder and Chairman of Casey Research. This is adapted from Doug’s presentation this past weekend at Casey’s Gold & Resource Summit. Quick note that I agree with many of Doug’s points, and I think his analysis and thinking is excellent (as usual). One point I’m starting […]
Last night I was reviewing the Congressional Budget Office’s recent outlook to get a handle on their assumptions (I know, an exciting Monday night!) One of our astute readers kicked off this exercise by taking a look at the government’s debt and interest rate projections out to 2015, concluding that the call by many that […]
A BIG hat tip to our astute friend and correspondent Dr. Evil for passing along this gem from Howard Buffett, written in 1948, about the dangers of fiat money, and the connection between human freedom and a gold redeemable currency: Is there a connection between Human Freedom and A Gold Redeemable Money? At first glance it […]
Everyone hates the US Dollar – again. The Fed is openly signaling to the markets that it is not going to stand by the buck. The current headline article at Bloomberg.com pertains to New York Fed president William Dudley’s statements that inflation is too low, and unemployment is too high, for the Fed to stand […]
Happy Groundhog Day! And don’t try telling me otherwise – at least as far as the markets are concerned. Everyday the S&P 500 creeps higher – as does gold, silver, and what the hell, even the Euro! Is Punxsutawney Phil nearby? Let’s start with the S&P, which has bounced several times off the 1040 mark, […]
Recent Comments