Investing and Trading News, with a Contrarian, Sarcastic Twist!
Jim Rogers told Bloomberg News earlier this week that he prefers oil over gold right now, because of the potential supply overhang of the IMF threat to sell it’s gold. “The IMF is trying to sell its gold,” Rogers, chairman of Singapore-based Rogers Holdings, said in an interview with Bloomberg Television. “The IMF is one […]
The Wall Street Journal published an insightful article earlier this week, profiling 3 investors who survivied the Great Depression, and continue to actively invest and manage funds today. For what it’s worth, all 3 seem to scoff at the idea that we are in for a repeat of the Great Depression today. One guy sites […]
Nice video put together by the folks at Reason TV about the clusterf*ck of a tax code we have here in the US. The scariest stat to me is that the bottom 50% pays less than 3% of total taxes – especially scary because we live in a democracy, where all votes count equally.
Cotton put in a strong effort today – up 1.21, on a day when many of the softs were down – so I perused the short and long term charts for May futures. Looks like cotton definitely has put in a double bottom, which is usually seen as a bullish indicator, and is rallying off […]
Is ANYONE going to defend their currency? Chuck Butler writes in the Daily Pfennig that Singapore is now the latest to throw in the towel on theirs: A couple of weeks ago, when Chris was writing the Pfennig for me, he wrote about Singapore, and how the Monetary Authority of Singapore (MAS) had indicated it […]
Just came across this interview George Soros gave for Yahoo Tech Ticker. Soros says the real danger of economic collapse has passed – but goes onto say that we did not succeed in recapitalizing the banks, and the rebuilding effort will take a long time. He believes the fallout will linger, because we have zombie […]
The New York Times reports that the Chinese government was an aggressive seller of foreign debt – including US Treasuries – in January and February, before reversing course in March. All in all, China’s foreign reserve growth in Q1 was its slowest in eight years – indicating that China may be losing it’s appetite for […]
Have Orange Juice futures finally found a bottom? May Orange Juice futures gained nearly 10% this week, on speculation that drought conditions in Florida could damper yields. As you can see, OJ has been in free fall over the past 14 months, dropping roughly in half from peak to trough. Prices appear to have been […]
Courtesy of YouTube: Columbia Business School’s Dean Glenn Hubbard sings about wanting Alan Greenspan’s job that went instead to New Fed Chair Ben Bernanke. Parody created by Columbia Business School students. Hope you enjoy – I found this hysterical!
Oh what a wonderful economic world it may be right now, had the government not felt the compelling need to “do something.” Casey Research’s Terry Coxon reviews the government’s “helpful” actions over the past couple of years, and asks the question – what would have happened if they had done nothing? NothingBy Terry Coxon, Editor, […]
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