Investing and Trading News, with a Contrarian, Sarcastic Twist!
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 […]
In this article, the editors of Casey Research’s Big Gold publication analyze the dubious trading history of Gordon Brown when it comes to gold. Goldfinger Brown Rides AgainBy the editors of BIG GOLD All the hot air emanating from the participants of the just concluded G20 Summit in London has, with the help of the […]
Here’s a great interview I just came across – Peter Schiff interviewing Marc Faber (late February 2009), and I found it on LewRockwell.com to top it off – what a trifecta! Here’s a great quip from Faber: What Mr. Greenspan and Mr. Bernanke have achieved is historically quite unique. They have managed to create a […]
Legendary investor George Soros, co-founder of the famed Quantum Fund with Jim Rogers, told Bloomberg: “It’s a bear-market rally because we have not yet turned the economy around,” and reiterated that this financial crisis is worse than anything we’ve seen in our lifetimes. Marc Faber is also quoted in the article, saying the S&P index […]
The next leg in the commodity bull market may have started, writes Jeff Clark of Growth Stock Wire. “In the commodity sector, you don’t get a more bullish sign than when the 20-day moving average crosses over the 50-day moving average.” Clark, one of my favorite traders, writes that the last time this happened, in […]
It’s scary to think that the $1.8 trillion deficit estimate for 2009, issued by the Congressional Budget Office (CBO), could be wildly conservative. But if you pick apart each assumption made by the CBO – as Casey Research CEO Olivier Garret does in this guest article – you’ll see that this estimate is really a best […]
On Wednesday I came across this fascinating analysis about the debt spiral the US now finds itself in, written by Professor Antal E. Fekete at the San Francisco School of Economics. I asked Prof. Fekete permission to republish his article here, and he was kind enough to grant my request. Hope you enjoy this piece. […]
Source: Steve Sack, Minneapolis Star Tribune Thanks Steve for allowing us to republish!
In this guest article, Stratfor’s George Friedman details the underlying rifts heading into the G-20 summit – primarily between the “bailout/stimulus” brothers US and UK, versus France and Germany, which are not laying on stimulus packages of their own, but being export driven economies, are benefitting from the UK and US charity plans. The […]
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