Investing and Trading News, with a Contrarian, Sarcastic Twist!
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, […]
This 1999 NY Times Article: about Congress easing the banking laws that were constructed after The Great Depression is hysterical. If hindsight is always 20/20, I wonder what this is exactly. Congress approved landmark legislation today that opens the door for a new era on Wall Street in which commercial banks, securities houses and insurers will […]
Platinum is staging a steady and impressive rally off its December 2008 lows. After dropping below 800, July Platinum futures hit as high as 1220 today, eventually settling at 1195 for the day. Platinum is mostly used in industry, but is also considered “hard money”, and maybe the 3rd most obvious hard money alternative to […]
More good news for Australia’s economy – and the Australian dollar. This builds upon our review yesterday of the Australian dollar’s attractive prospects. The A$ is up $0.112 as I write, currently sitting at $0.7163. From Everbank’s Chuck Butler: Down Under… Australia saw Consumer Confidence rebound for the first time this year… Here’s the skinny… […]
Is the Australian Dollar poised to climb again? EverBank’s Chuck Butler believes the Reserve Bank of Australia may be done cutting rates, in anticipation of an economic recovery, and underpin a rally in the Aussie $. In Chuck’s own words: Yesterday, I told you that the Reserve Bank of Australia (RBA) had cut rates 25 […]
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