Investing and Trading News, with a Contrarian, Sarcastic Twist!
When stocks require a $700 billion infusion in order to tread water – is the risk/reward of being long stocks really worth it? Granted, there are a lot of quality stocks being thrown out like the proverbial baby with the bath water. If a rising tide lifts all boats, does it follow that a falling […]
Top posts from the past week: Five Easy Ways You Can Diversify Away From the Dollar US Mint: Sorry, we’re out of gold (again) Jim Rogers: Bailout is “welfare for the rich” A review of my trades from the week that was: Went long the Swiss Franc – The Swissie is the Yen’s carry trade […]
Taking the “pro” side of the bailout argument, Andy Kessler believes that Henry Paulson may be pulling off “the mother of all trades.” Andy calculates this move could net over a trillion dollars for the US Treasury. I’ve mentioned before that Andy’s about as smart as they come, and that I’m a big fan of […]
Jim Rogers on Bloomberg September 25, 2008. I’ll give you a hint – he’s not keen on the Paulson/Bernanke bailout plan. “It’s not the end of the world when people go bankrupt, despite what Paulson says” – Jim Rogers. Recently, Jim says he’s bought: agriculture Chinese shares foreign airlines Swiss Franc Japanese Yen
From Reuters:NEW YORK (Reuters) – The U.S Mint said Thursday it was temporarily suspending sales of American Buffalo 24-karat gold one-ounce bullion coins because strong demand depleted its inventory. “Demand has exceeded supply for American Buffalo 24-karat gold one-ounce bullion coins, and our inventories have been depleted. We are, therefore, temporarily suspending sales of these […]
Dear Friends: The financial meltdown the economists of the Austrian School predicted has arrived. We are in this crisis because of an excess of artificially created credit at the hands of the Federal Reserve System. The solution being proposed? More artificial credit by the Federal Reserve. No liquidation of bad debt and malinvestment is to […]
In today’s Growth Stock Wire, Jeff Clark cites Three New Reasons to Buy Gold. His reasoning: There’s no way the US taxpayer will make money on this bailout – so why is the government floating that idea? The urgency to pass this bill seems suspicious. It basically grants unlimited authority to the US Treasury. Definitely […]
You may have seen this email floating around – check it out, it’s hysterical. DEAR AMERICAN: I NEED TO ASK YOU TO SUPPORT AN URGENT SECRET BUSINESS RELATIONSHIP WITH A TRANSFER OF FUNDS OF GREAT MAGNITUDE. I AM MINISTRY OF THE TREASURY OF THE REPUBLIC OF AMERICA. MY COUNTRY HAS HAD CRISIS THAT HAS CAUSED […]
Note: This article was also picked up by Seeking Alpha. I personally fear for what may happen to the dollar over the next several years – I don’t see any way these government bailouts will not result in an excessive printing of US dollars. Faced with this reality, I know that many people who share […]
A review of my trades from the week that was: Went long December Gold – I picked up a gold contract on the big breakout this week. As we’ve discussed in this space before, I believe the government’s printing of money as fast as it can will send the price of Gold and Silver higher. […]
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