Investing and Trading News, with a Contrarian, Sarcastic Twist!
The New York Times reports that chicken wing prices are – pardon me – flying high! Reason being, restaurants have cut back on their orders for higher priced chicken breasts in favor of wings, which are more perceived as a “cheap luxury”, according to the article. Higher demand, coupled with falling supply…you know what that […]
According to the Associated Press, Colorado will become the first state to reduce its minimum wage due to a “falling cost of living.” Colorado is one of 10 states where the minimum wage is tied to inflation. The indexing is thought to protect low-wage workers from having flat wages as the cost of living goes […]
OK, maybe a bit of a sensationalist headline, I’ll admit 🙂 I used to be a fundamental only kind of guy, leaving the technicals and chart reading to the spooks and mystics…only to become a wannabe chart reader myself 🙂 In truth, I see great value in both types of analysis, so I don’t want […]
To say that consumer credit is contracting in the United States may be a bit of an understatement! Can you spot the trend in consumer credit? Contracting credit is the crux of Robert Prechter’s deflationary thesis – something we’ve been discussing at length in this space. How about another haiku to summarize? Credit’s going poof […]
Gold Featured on…Saturday Night Live!? The latest sign that the gold market may be a little overheated right now…Saturday Night Live’s Weekend Update featured investment analysis from Scrooge McDuck! http://www.nbc.com/saturday-night-live/video/clips/update-scrooge-mcduck/1165594/ Shout out and thanks to my good buddy Super Joe for sending this one along! New Reports of the Dollar’s Demise: Greatly Exaggerated? From London’s […]
Government prints cash Gold zooms, along with script. But – Why are rates still low? (Source: St Louis Federal Reserve)
We’ve been discussing market and societal cycles in great detail this year, as we try to uncover clues as to how this current mess is going to continue to unfold. History may not always repeat, but to quote Mark Twain, it certainly rhymes. Nothing like a little history reading to shed some light…earlier this year […]
From London’s The Independent comes the latest report of the dollar’s impending implosion – in an article fittingly titled The Demise of the Dollar. In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving […]
Cue up Kenny Rogers. Las Vegas casino executives “don’t expect to break ground on another major building project in Las Vegas for at least 10 years,” according to the Wall Street Journal. It will be interesting to see if Vegas, as we know it, is even able to survive the next decade. If credit and […]
You’ve gotta admire former hedge fund manager Jonathan Rojewski, who ditched his Wall Street job in favor of creating his own brand of tequila. So Rojewski left the financial industry after a decade of climbing the ladder from analyst to hedge fund manager — working at the likes of Goldman Sachs, Oppenheimer, and Pequot Capital. […]
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