“If Americans ever allow banks to control the issue of their currency, first by inflation and then by deflation, the banks will deprive the people of all property until their children will wake up homeless.” – Thomas Jefferson
Investing and Trading News, with a Contrarian, Sarcastic Twist!
“If Americans ever allow banks to control the issue of their currency, first by inflation and then by deflation, the banks will deprive the people of all property until their children will wake up homeless.” – Thomas Jefferson
This is some combination of cool and hysterical – the 2009 Commodity Trader Wall Calendar. Maybe 40% cool, 60% hysterical? CALENDAR FEATURES Expiration Dates for Futures & Options Contracts Internet Commodities Resource Guidebook Government Report Dates & Holidays Long Term Historical Price Charts Secrets from the Pit Conversion Tables Market Hours Chart Margin Sheet I […]
I joked last week that cotton futures were heading towards zero – apparently oil took exception to my joke, and has accelerated it’s speed towards the basement. Can you spot the trend in the oil chart? Many folks, myself included, thought we’d never see sub-$50 oil again. The speed of this decline has been absolutely […]
PBS video highlighting the outlook of Nassim Taleb, who famously predicted the “black swan” event that we are now experiencing. I would highly recommend checking out Taleb’s book Fooled by Randomness – it’s a very insightful, interesting read about the weakness of financial “certainties” – and was written before the financial world melted down. Warning: […]
From Bloomberg: Legendary investor Jim Rogers says bonds will be a “terrible” investment as economic problems may persist until 2010. “Stocks in the West are still expensive on any historic valuation method,” while “bonds are going to be a terrible place to be for the next 10, 20 years,” Rogers, chairman of Singapore-based Rogers Holdings, […]
George Soros says a “deep recession is now inevitable, and the possibility of a depression cannot be ruled out, according to Soros’ recent Congressional testimony.
Top posts from the past week: Marc Faber on Bloomberg – November 11, 2008 Cotton Futures Continue Their March Towards Zero Chinese Bailout May Send US Interest Rates Higher A review of my futures trades from the previous week: Covered my short of 10-Year Treasuries – Unfortunately I got stopped out of this position. I […]
Marc Faber has certainly had some impressive calls over the past year. On July 10th, he predicted that deflation will rule the day in the short term. And as far back as March 29th, he voiced concern that massive deleveraging could drive down asset prices across the board. I’ve posted the latest video of Marc […]
A spirited debate about the current state of the Paulson Plan, from the fine folks at The Onion: In The Know: Should The Government Stop Dumping Money Into A Giant Hole?
A plan to save the world — part two, or is it three?by Adam Hewison, President, INO.com When Paulson came out today and stated that his earlier plan to save the western world was not working, he offered up a plan “C” (or is it “D”) to relieve pressure on consumer credit, scrapping his earlier […]
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