Investing and Trading News, with a Contrarian, Sarcastic Twist!
American consumer spending is a funny thing. For years, throughout much of the 00’s, we watched in amazements as the US consumer went on the greatest spending binge in the history of Planet Earth. First, we spent all the money we had. Then, we spent all the money we didn’t have. We borrowed against our […]
It’s been a little bit since we checked in on what Dennis Gartman has to say about the economy and markets – so let’s get his outlook. Here’s a 5 minute CNBC clip of Gartman weighing in on the taxation policies in Europe and the US. He subscribes to Art Laffer’s supply side tax theory […]
Is it any surprise that among metro areas with populations above 1,000,000, Washington DC has the lowest unemployment rate? The Wall Street Journal reports: Among metro areas with populations over one million, Las Vegas had the highest jobless rate at 14.5% and Washington, D.C. and surrounding suburbs had the lowest at 6.4%. That’s funny, because […]
Wall Street is going crazy for MLPs these days! The safe, stable, dividend yield of a master limited partnership (MLP) is all the rage right now with investors. Which is precisely the reason you might want to steer clear of this sector for a bit. Tom Dyson elaborates in his Daily Wealth column: Whenever you […]
Think your state has the most screwed up budget in the Union? Use this interactive chart to find out where your state’s budget shortfall really stacks up! Source: Wall Street Journal Related reading: Governator puts 200,000 CA state employees on minimum wage Why many states are on the brink of insolvency
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 […]
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