Investing and Trading News, with a Contrarian, Sarcastic Twist!
The Australian dollar topped the 74-cents mark today to hit a new 6-month high against the US dollar. The Aussie has been rallying strong of late, and this recent strength is now also underpinned by yesterday’s decision by the RBA (Reserve Bank of Australia) to hold interest rates at 3% for at least the near […]
A recent piece in The Economist highlighted the recent strength of agriculture prices in the face of the downturn, and the reason for it. Though prices of the meats, grains, and softs are still off their 2008 highs – they’re not off by much anymore – as commodities such as cotton, soybeans, and sugar are […]
Jim Rogers says that IMF sales of gold could drive the price of the barbarous relic below $700/ounce. Rogers told Bloomberg: ”The fact is that IMF is trying to get permission from everybody to sell gold. I don’t know it will succeed or not. But if and when IMF sells its gold, gold prices may […]
Milton Friedman said that inflation is “always and everywhere a monetary phenomenon.” Judging by the recent price action in many of the soft and agricultural commodities, they appear to agree. Ben Bernanke, a student of the Great Depression, is making a bet the Friedman was wrong. Bernanke believes that because Friedman did much of his […]
Brian Hunt, Editor in Chief at Stansberry Research, writes that oil service stocks are breaking out to 6-month highs, according to the chart of OIH, the ETF of major oil service companies. Flash Player 9 or higher is required to view the chartClick here to download Flash Player now View the full OIH chart at […]
Why are the banks still not lending, even though they are supposed to be flush with cash? Because they don’t actually have the cash, says Paul Van Eeden in an excellent interview with BNN. It’s an interesting perspective – Van Eeden believes that the cash that banks to have is parked with the Fed […]
It’s the magnitude of Fed manipulation with the money supply…so would it shock you to learn the stimulus ratio has been clocking historic highs over the past 12 months? I’d recommend you check out this insightful article written by Paul Kluskowski, where he defines the stimulus ratio as the ratio of long-term rates to short-term […]
According to Wikipedia, the Tilt is a state of mental confusion in which a poker player adopts a less than optimal strategy, usually resulting in the player becoming over-agreesive. In this guest piece, Jeff Clark, one of our favorite analysts, explores how global economics are now “on Tilt”, driven, with wreckless decision after wreckless decision […]
The Daily Show sent correspondent Wyatt Cenac to Sweeden to “invesigate” the effects of socialsm in person. Hilarious bit – perfect for a Friday. The Daily Show With Jon Stewart M – Th 11p / 10c The Stockholm Syndrome thedailyshow.com Daily ShowFull Episodes Economic Crisis First 100 Days The Daily Show With Jon Stewart M […]
Did you know that May 1 is official No Pants Day around the world? What in the world is No Pants Day? No Pants Day is a day where everyone, be they students, respectable businessmen, or cherished community leaders, leave their pants behind. Usually this means wearing thick, appropriately modest boxer shorts, but bloomers, […]
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