Investing and Trading News, with a Contrarian, Sarcastic Twist!
Regular readers know that we’ve been anxiously awaiting the decoupling of commodities and currencies from stocks. These asset classes are historically uncorrelated. That changed late last year when the financial world ended, and everything went down the crapper at about the same speed. Except, of course, the US dollar and bonds…but I digress… Today stocks […]
Another “lost decade” is probably about the best Americans can reasonably hope for, based on this compelling case made by Mike “Mish” Shedlock over on his blog. Bottom line is that, over the last 20+ years, Americans spent too much money, and ran up too much debt. Now, like it or not, we’ll be forced […]
The trend is our friend…and right now, the trend in the Australian dollar is up, up, and up. Source: Barchart.com A couple of weeks ago, we took note of the rally in the Aussie – and decided to initiate a position. Boy am I glad we did…since that time, the A$ has rallied nearly 4-cents, […]
“You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they […]
Famed hedge fund manager and Silicon Valley guru Andy Kessler says this is a sucker’s rally…you can’t print prosperity, it comes from productivity. “Bernanke’s cranking the handle on the printing press to help the public fund the bank problems instead of the US government…as soon as he stops cranking the handle, the bottom falls out […]
The Market for Liberty, by Linda & Morris Tannehill, is an extremely thought provoking book that asks the outrageous question: Is government itself an unnecessary evil? The Tannehills do not just make the case for smaller government…for less government in our lives. They make the case for NO government! This was a challenging concept for […]
Seems like the government has never made a deficit projection it couldn’t miss. Well believe it or not, things are about to get a lot uglier than any of us had expected. Casey Research’s David Galland, one of the very best investment writers and thinkers in my opinion, writes that falling tax revenue is […]
The biggest investing mistake I ever made was not getting out of commodities during the Great Deleveraging of ’08/’09. I had a pretty good beat on the major trends – stocks were highly vulnerable, the US could be in for some very bad things, etc – but I failed to project the effect that […]
Sometimes when it rains, it freaking pours. Surprise, surprise – Social Security and Medicare are in worse shape than previously believed. Bruce Bartlett writes for Forbes that an 81% tax increase will be required to properly fund these social safety net programs in the not so distant future. The rub is that all of […]
Here’s a hilarious clip of a bright Harvard student with the gall to take Barney Frank to task. How dare he question the misuse of hundreds of billions of dollars that the US will never be able to pay off. Warning: Step away from any sharp objects before you click play…you may want to punch […]
Recent Comments