Investing and Trading News, with a Contrarian, Sarcastic Twist!
Everbank’s Chris Gaffney comments that the Fed is now out of ammo and into uncharted territory, trying to employ untested methods which are likely to lead to higher inflation. So Chairman Bernanke has used up all of his remaining ammunition for the main weapon against the economic crisis, and now has to move to other […]
Falling Fortunes, Rising Hopes and the Price of Oil December 15, 2008 By Peter Zeihan Related Links · Mexico: Insuring Oil Exports · Canada: Oil Sands Tax Increase Related Special Topic Page · Global Energy Prices Oil prices have now dipped — albeit only briefly — below US$40 a barrel, a precipitous plunge from their […]
On the first day of bailouts, we had to bail… A great video by YouTube user ZINKpro!
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 […]
Recent Comments