Investing and Trading News, with a Contrarian, Sarcastic Twist!
Corn futures are getting absolutely trashed this morning…along with basically everything else in the commodities sector. July futures are down nearly 8% as I write, as the USDA just reported that corn stocks are up 6% from a month earlier. Obviously the market does not like this supply news, and corn is being heavily discounted […]
Yesterday in our weekly column, we kicked around the possibility that the hyperinflationists are wrong…or at least early to the party. My piece was also picked up by Seeking Alpha, and you should check out the comment stream from livid gold bugs and monetary purists! I get a kick out of folks that truly believe […]
Recovery.gov, the resource setup by the Obama administration to provide full transparency of the squandering and misallocation of tax dollars, is reported to actually be more translucent than transparent. Watchdog organization Sunlight Foundation, described as “normally polite” by ReadWriteWeb, referred to Recovery.gov’s data transparency as a “significant failure.” And not just once! Sunlight co-founder Ellen […]
As the Federal Reserve continues to print money, the “hyperinflation trade” seems to be a crowded one. The premise seems sound and reasonable – whenever a government prints money and devalues its own currency, rising prices follow. A deflationary environment cannot hold for a sustained period of time, because the government will print money, or […]
Here’s an excellent guest piece covering the fatal flaws that most traders make by Jeffrey Kennedy of Elliott Wave International. It is wayyyyy easier to lose money trading than it is to make money…as I can personally tell you from my past 15 months of being brought back down to Earth. However trading CAN be […]
Regular readers are often looking for ways to play gold and silver…after all, we figure with this historic printing of money, we’ve at least got a real shot at wild inflation. The safest way to play gold and silver is to buy the bullion itself. If the world melts down, you’ll be the envy of […]
Yeah, according to The Daily Crux, this headline is a true one…Gartman did refer to Buffett as “an idiot” for allowing Berkshire’s stock to drop 45%. The Gart-Man has since rescinded the statement – but The Crux reports that to Gartman’s credit, he’s actively shorting Berkshire Hathaway. I’ve had a trial subscription to Gartman’s Letter […]
“Because they are printing money,” he says…and believes that stocks could go to very high nominal levels, while the currency becomes worthless. I was just catching up on Rogers latest media appearances, and found this video on CNBC from a couple of weeks back. Jim’s still pounding the table that we’ve got a currency crisis […]
Came across this stellar piece earlier in the week via John Mauldin’s excellent Outside the Box publication. Authors Barry Eichengreen and Kevin H. O’Rourke lay our current depression side by side with the Great Depression to see how we measure up…and let me tell you, it’s pretty foreboding! This piece is republished with permission from […]
Have you been piling into oil with the rest of the hot money? Might want to think about covering…or even reversing…your position. Oil expert Matt Badiali writes: The fact that oil didn’t leap up with delight at riots in Iran should make oil investors quake with fear. Iran produces about 5% of the world’s oil […]
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