Investing and Trading News, with a Contrarian, Sarcastic Twist!
Despite the Fed’s money printing (errr, quantitative easing) efforts, inflation is not in the cards yet, according to the M1 Money Multiplier. MULT, as it’s affectionately called, still sits below the magic 1.0 level – and as long as it flounders there, we are unlikely to see inflation, no matter what the Fed does. Because, […]
These days we are keeping a keen eye on markets that have been reliable leading indicators of the stock market. Since 2004 or so, markets have become quite interrelated, creating a lot of interesting relationships in markets that previously had little or no correlation. The correlation of course peaked during the 2007-2009 downturn, when EVERYTHING […]
(Doug Casey Interviewed by Louis James, Editor, International Speculator) July 21, 2010 L: Doug, one of the most common replies we hear from the bulls who think the global economy is on the mend – or soon will be – is that China has huge cash reserves and a huge middle class with savings who will […]
Astute reader Shaun forwarded along a great email with his thoughts about the sovereign debt situation, and included a couple of fantastic charts that illustrate examples from Japan and Argentina. Both charts are courtesy of Reggie Middleton’s excellent BoomBustBlog. The first item we’ll explore is Japan, a nation that has become increasingly hooked on public […]
Nice op-ed piece by Silicon Valley guru Andy Kessler in the Wall Street Journal recently: From early May through last week, the market dropped 1500 points into the pit, on the backs of gushing BP oil, riots in Europe, a 30% drop in pending home sales and the news that maybe your next door neighbor […]
Last week we reported that acclaimed fund manager John Hussman wrote that he believed the S&P overvalued by 40%. In his latest newsletter, Hussman revisits the fundamental valuation of US equities – with a couple of interesting ratios and charts as well. Hussman writes: I can’t emphasize enough that when you hear an analyst say […]
GoldAlert.com reports that bullish sentiment towards gold prices has hit its lowest levels in 19 months: Bullish sentiment toward the gold price continues to drop, evidenced by the current 60% Market Vane Bullish Consensus reading on gold. This is the lowest level since December 9, 2008 – a few weeks after the gold price plunged […]
While property prices have plummeted since 2005, mortgage values have not (yet) followed suit, reports HousingStory.net. Check out this chart – it’s worth 1000 (debt deflationary) words! Chart source and commentary courtesy of HousingStory.net Also a hat tip to fellow deflationist Carson for sending this beauty along!
Sometimes I naturally assume that most “startup minded” people are folks who lean fairly strongly towards the free market. They typically are tolerant of government at best, and hostile towards it at worst (and I myself, I admit, lean towards the latter!) So when my wife sent along this guest column Intel legend Andy Grove […]
In Jeremy Grantham’s latest quarterly newsletter (which is always a must-read, IMHO), he says he’s throwing his hat in the deflation camp for the near future, at least: Well, I, for one, am more or less willing to throw in the towel on behalf of Inflation. For the near future at least, his adversary in […]
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