Investing and Trading News, with a Contrarian, Sarcastic Twist!
Technically speaking…Australia is not yet in a recession. Australia’s GDP rose 0.4% in the 1st quarter of 2009 – a strong, strong performance turned in from the Land Down Under…especially as the other major economies in the world continue to circle the bowl. As long as China’s recovery continues – and that could be a […]
Here’s a great piece by our friends at Stratfor about the effect that geography has played in the economic development of four key regions – the US, Russia, China, and Europe. Stratfor has a very bullish stance on the US – both historically, and looking into the future – which is counter to many of […]
The rally in the Australian looks poised to continue, as their central bank left interest rates unchanged – which preserves the large yield premium the Aussie still enjoys over most other major currencies. Here’s the breakdown from legendary currency analyst Chuck Butler: Down Under… The Reserve Bank of Australia (RBA) left rates unchanged (good for […]
US Treasury Secretary Tim Geithner visited Beijing on Monday…with a straight face, he reassured the Chinese government that its large holding of dollar assets are safe. Then, still deadpanning, Geithner reaffirmed his faith in a strong US currency. That broke the ice, as his student audience burst our into large laughter. See if you can […]
Global supplies of soybeans may be yet tighter than estimated by the USDA, according to a recent report by Hard Assets Investor: Recent estimates of U.S. old-crop soybeans – those still around in silos as of August 31, 2009 before the new harvest starts – depend on who you talk to. The USDA puts old-crop […]
Silver just finishest it’s hottest month in the last 22 years – can it go higher from here? You bet it can. Silver is like the Little Girl With The Curl – when she’s good, she’s very, very good. I read the funniest description of silver I’ve ever seen this morning, courtesy of our good […]
Take a minute to think about your view of human history, and our continued progression as a species. Do you believe human history is linear…always getting better…onward and upwards to a better existence? Is it chaotic…stuff happens, people react, then more stuff happens…but there’s no pattern to it? Or…is human history cyclical…with those who neglect […]
Seems like just yesterday that subprime loans were blowing up like the last few seconds of a batch of microwave popcorn. Pop-pop-pop…now you see them now you don’t…keys in the mailbox, see ya later, Mr. Lender. That loan is now your problem. The good news is that the bulk of the subprime loans have reset […]
“Dr. Doom” Marc Faber drops the casual obervation in this Bloomberg interview that he sees inflation levels rising in the US…in fact, eventually approaching Zimbabwe levels! Prompted by a viewer question that asked whether it’s more likely the US will default on its debt, or go into hyperinflation, Faber says he “100% sure” that the […]
I couldn’t resist sharing some hot investment advice that just came through my Inbox, from our favorite real estate agent. To refresh your memory, here was the last gem that was sent over – an explanation about inflation that was, honest to God, the dumbest I’ve ever heard. Today’s insight is not as “doom and […]
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