Investing and Trading News, with a Contrarian, Sarcastic Twist!
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 […]
More than 5 million jobs have been lost in the US since March 2008…now you can relive the memories with this neat resource. Chris Wilson of Slate put together a very cool interactive map that illustrates regional job gains and losses for the past 2+ years. If you felt cheated by the Swine Flu’s inability […]
Last week, with oil pushing $60/barrel, CNBC asked the question: Is oil going to $300? On cue, crude fell this week, to close at $56. CNBC can have an uncanny ability to signal short term tops. Where is crude heading from here? Some folks believe the bullish supply/demand fundamentals that drove crude north of $140 […]
Ben Bernanke was right – if you put your mind to it, and print enough money, you CAN prevent deflation. New CPI numbers show that the core CPI (excluding food and energy, which nobody really uses anymore) actually jumped 0.3% last month, their largest increase since June 2008. About 40% of that increase came from tobacco […]
Our buddy Brian Hunt pointed out in yesterday’s DailyWealth that gold stocks are breaking out. GDX, the ETF for gold stocks, has more than doubled off it’s late October lows, and is not perched at its high water mark since August 2008. Gold stocks are on the move So should we sell in May and […]
This is – by far – one of the stupidest things I’ve ever read. This gem came in a monthly e-zine sent out by a real estate agent who got her hooks into me after the housing bubble started to pop, smelling fresh virgin real estate blood in the waters. Needless to say, we’re still […]
Marc Faber says that investing in agriculture today will be like investing in oil in 2001, when it was priced at $17/barrel, according to The National Post. Faber says that record low inventories, declining agricultural productivity, and increasing demand for food will drive prices higher. The falling productivity line is especially interesting…Faber says productivity in […]
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