Investing and Trading News, with a Contrarian, Sarcastic Twist!
Corn and soybean futures each jumped roughly 5% today after the USDA released its Planting Intentions Report. Some quick highlights from the report reveal that there appears to be plenty of corn and beans coming our way, but cotton will continue to be neglected, as we had anticipated. Corn acreage is down 1% from last […]
Rick Wagoner is out as CEO of Government Motors, per an edict handed down from the Obama administration. Not that Wagoner didn’t deserve to be fired (he did – many times over)…but does it bother anyone else that the government is now firing private sector employees?
Here’s a short interview Marc Faber gave for Bloomberg recently (week of March 23rd), where he gave his current thoughts on US equities and Treasuries: Faber’s thoughts: Markets became extremely oversold on March 6, when the S&P touched 666 This rally may have some more legs, because the government is printing money – so asset prices may rise […]
The Economist reports that researchers at the University of Nevada at Reno have found that coffee grounds can be turned into biodiesel that is comparable in quality to top biodiesel on the market today. Because the biodiesel is made from grounds, no extra land has to be diverted in order to generate the inputs for […]
Are we in a deep cyclical downturn, or the first few innings of The Greater Depression? This is the question many investors are trying to answer, because this is what it all gets down to. If we are “merely” in a deep recession – likely the longest and deepest since the 1930’s – then we […]
BCA Research reports that China is gradually moving its foreign reserves out of US assets, estimating that China currently has about 64% of its reserves in US assets, down from a high of 84% in 2003. BCA’s report also breaks down the types of US assets the Chinese have been purchasing, which recently has been […]
The world’s major central banks are expected to reduce sales and lending of their gold bullion reserves this year, MarketWatch reports. Because central banks hold a significant portion of above-ground gold in the world – over 15% of it, the article reports – reduced selling by the banks could weigh on gold supplies. If you […]
Jeff Clark writes for Growth Stock Wire about his favorite energy trading indicators, and thinks that coal will be the next big trade in energy. The (coal) index itself is consolidating, and it’ll take a move above 200 to spark a bullish uptrend. Several of the individual stocks that make up the index broke out […]
Are the dollar’s days numbered as the world’s reserve currency? Not if Congresswoman Michele Bachmann has her way. Earlier this week, Rep. Bachmann swung to the defense of the US Dollar, on the heels of China asking for a new world reserve currency. From Rep. Bachmann’s website: In response to suggestions by China, Russia, and […]
Daniel Hannan, Conservative MEP for the South East of England, lays the smack down on Prime Minister Gordon Brown in his speech before the European Parliament. Highly recommended – and wouldn’t we love to see someone other than Ron Paul stand up and give a speech like this in our spineless Congress. Enjoy!
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