Investing and Trading News, with a Contrarian, Sarcastic Twist!
A short Jim Rogers interview on Bloomberg – I believe from December 11, 2008. He says he has covered his short position in US Treasuries for the time being, because the trade was going against him. He’s waiting to short them again, and describes US Treasuries as “the last bubble left.” Other thoughts from Jim: […]
Top posts from the past week: Marc Faber: The 2009 Global Economy Will Be A “Total Disaster” US Bailout Price Tag Heading for $10+ Trillion(!) Yearly Oil Demand Drops for 1st Time in 25 Years Consumer Credit Crisis: The Next Shoe to Drop A review of my futures trades from the previous week: Covered my […]
Bud Conrad, Chief Economist at Casey Research, voices his opinion on Gold, the Fed using borrowed money from the Treasury, and Oil as a limited resource. “There’s not enough gold for everybody.” http://www.bizradio.org/wp-content/uploads/podcasts/december/wss-dec11c.mp3 http://www.bizradio.org/wp-content/uploads/podcasts/december/wss-dec11d.mp3
According to Tom Dyson, the Federal Reserve has finally started to create money out of thin air. Then, last week, it took a “quantum leap,” according to George Goncalves, the chief Treasury and agency strategist at Morgan Stanley. Instead of swapping assets in the banking system, the Fed started buying them. The Fed bought $5 […]
According to Everbank’s Chris Gaffney, the dollar index has fallen below its 55-day moving average, a key technical indicator. But even before the automakers got the bad news from the Senate, the dollar was falling faster than we’ve seen in the past few weeks. Chuck shouted out across the trade desk around noon yesterday that […]
The Credit Crunch, Close Up and PersonalBy Olivier Garret – CEOCasey Research, The Casey Report Within the last year, the true extent of the real estate debacle and ensuing credit crisis in the United States has become blatantly obvious. But now there is a new phenomenon rearing its ugly head: a credit crisis of the […]
The International Energy Agency projects worldwide oil demand will fall by 200,000 barrels a day, to 85.8 million barrels a day, in 2008. The IEA expects oil demand to recover next year, estimating an increase of 400,000 barrels a day, or 0.5%. The oil futures markets appear to be pricing in a much steeper drop […]
The Real Cost of the 2008 RecessionBy Olivier Garret, CEO,The Casey Report – www.caseyresearch.com It took the statisticians of the National Bureau of Economic Research almost a year to confirm what the rest of us already knew, that the US registered a significant decline in economic activity, thus officially entering a period of recession. While […]
Marc Faber’s observations on a CNBC interview from December 1, 2008: We’re experiencing the largest asset deflation since World War II Since 2001, every asset class in the world went up – except the US dollar. Fast forward to 2008, and every asset class has collapsed – except the US dollar. The global economy will […]
Gene Arensberg at Resource Investor writes that three US banks currently account for 66.97% of all the commercial net short positioning on the COMEX for gold futures. He goes on to mention that the market manipulation is even more egregious for paper silver, as only 2 US banks hold a “sickening” 98.64% of all short […]
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