Investing and Trading News, with a Contrarian, Sarcastic Twist!
The International Energy Agency projects worldwide oil demand will fall by 200,000 barrels a day, to 85.8 million barrels a day, in 2008. The IEA expects oil demand to recover next year, estimating an increase of 400,000 barrels a day, or 0.5%. The oil futures markets appear to be pricing in a much steeper drop […]
The Real Cost of the 2008 RecessionBy Olivier Garret, CEO,The Casey Report – www.caseyresearch.com It took the statisticians of the National Bureau of Economic Research almost a year to confirm what the rest of us already knew, that the US registered a significant decline in economic activity, thus officially entering a period of recession. While […]
Marc Faber’s observations on a CNBC interview from December 1, 2008: We’re experiencing the largest asset deflation since World War II Since 2001, every asset class in the world went up – except the US dollar. Fast forward to 2008, and every asset class has collapsed – except the US dollar. The global economy will […]
Gene Arensberg at Resource Investor writes that three US banks currently account for 66.97% of all the commercial net short positioning on the COMEX for gold futures. He goes on to mention that the market manipulation is even more egregious for paper silver, as only 2 US banks hold a “sickening” 98.64% of all short […]
OK, maybe this is not a real headline yet – but how the hell else is he going to fund these public works projects? Just bookmark this page, and when the government actually starts monetizing their massive debt, you can say you heard it here first.
Doug French writes in Mises.org: “Bernanke and company are making matters worse by endlessly inflating and bailing out dysfunctional firms. The result will be more unemployment, not less. But not-so-bashful Ben is arrogant enough to believe that he can step on the monetary gas, make things all better, and then return the Fed balance sheet […]
Top posts from the past week: Should the Big Three Be Allowed to Fail? How to Determine a Market’s Trend Gold Buyers Smash Records More Downside for the Dow Could Be Ahead A review of my futures trades from the previous week: Covered my cotton position. It appears I may have been too early in […]
Stratfor reports that the current drop in food prices is likely to be temporary, because falling prices and the credit crunch will reduce supply next growing cycle. The article confirms something we’ve been discussing here at length – the trends which originally brought about the supply/demand imbalance in the grains markets are still firmly in […]
By Olivier Garret CEO, Casey Research The Casey Report The fact that after over 30 years of consistent mismanagement and decline, there is still any discussion on whether or not we should allow the now significantly smaller “Big Three” automakers to fail is clear evidence that Washington has lost all common sense. Why, when after […]
The downtrend in cotton continues, much to my chagrin. It closed limit down yesterday, and is down almost another $.02 as I write this. After reflecting on my previous guest post about determining a market’s trend, I decided it’s time to eat some of my own dog food. So, I have sold my position in […]
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