Investing and Trading News, with a Contrarian, Sarcastic Twist!
Forget too big to fail – how about too drunk to fail! Reason magazine reports that a NYC bar is turning to free market economics to guide it’s happy hours: What’s the value of a pint of beer? Let the market decide, says a new restaurant in Manhattan where prices for food and beverages will […]
Legendary investor John Templeton, who passed away in 2008, penned a final memorandum a few years before his passing entitled “Financial Chaos”, in which he predicted bad things ahead for us. A very sharp final call from a guy renowned for them throughout his career. Here are the prescient comments that Sir John left us […]
Is government a necessary evil, or is it completely unnecessary altogether? We’ve touched on this subject briefly before, when I shared my thoughts on The Market for Liberty, in which Linda & Morris Tannehill make the case not only for limited government, but for NO goverment at all! (Man I’d love to have been around […]
“No one owes you anything” – Harry Browne I’m going to venture that none of the diligent state employees in this Furlough Friday video are big fans of the great Harry Browne. Try to choke back your tears and laughter if you’re a productive member of society. Nevertheless, we should be on the lookout for […]
Now that gold is rangebound, how do you make money trading it? That’s easy – treat it like a wooden pony and straddle that thing. For the details on this trade, in more professional terms as well, check out Brad Zigler’s article for Hard Assets Investor: So what’s an investor to do? Well, you can […]
“I used to think if there was reincarnation, I wanted to come back as the president or the pope or a .400 baseball hitter. But now I want to come back as the bond market. You can intimidate everybody.“ – James Carville That’s one of my favorite financial quotes of all-time, courtesy of James Carville, […]
Checking in on Some Key Charts Major indices hit new recovery highs today, with the DOW hitting it’s highest mark in the last 18 months. Trading volume remains tepid, however – as you can see from this chart of the S&P 500, this recent rally appears to lack some conviction: Rallies have been occurring on […]
Ever wonder what the hell takes the rating agencies so long? Today, leading credit agency Fitch downgraded Portugal’s debt amid “growing concerns about the government’s ability to service it’s borrowings.” Well – duh – increased borrowings coupled with decreasing tax revenues should raise concerns. What amazes me is that the Euro traded down today on […]
If there was any question before that the federal deficit was completely out of control and unsustainable, the successful passing of the “free healthcare for all” plan should completely seal the deal! As you probably recall, the out-of-control debt spiral faced by our government sparked some interesting conversation at our local Casey phyle meeting about […]
Stratfor reports that Chinese exports have not picked up as expected, or at least hope, so the Chinese bad lending/debt binge is expected to continue for at least the next year. But never fear, Chuck Schumer is on the scene, declaring the Chinese to be “mercantalists!” What could possibly go wrong?
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