Investing and Trading News, with a Contrarian, Sarcastic Twist!
Thank you United States legislature, for stuffing the 451-page bailout bill with such gems as: Sec. 211. Transportation fringe benefit to bicycle commuters. Sec. 308. Increase in limit on cover over of rum excise tax to Puerto Rico andthe Virgin Islands. Sec. 309. Extension of economic development credit for American Samoa. Sec. 325. Extension and […]
Top posts from the past week: Financial Times: Wealthy Investors Demanding Unprecedented Amounts of Physical Gold Jim Rogers on CNBC 10/1/08 Quick Thoughts on the Latest Black Monday A review of my trades from the week that was: Closed out my Swiss Franc position – Yikes – this trade did not work out, I got […]
Has the spot price of gold – or any commodity, for that matter – ever been this out of whack with physical demand? Courtesy of the Financial Times: “There is an enormous pick-up in investment demand. I have never seen a market like this in my 33-year career,” said Jeremy Charles, chairman of the LBMA. […]
One more good recent video from Jim Rogers on Bloomberg. Why are we taking advice from people like Bernanke and Paulson? Why are we taking advice from people who have been dead wrong over and over and over again for two years? He said he’s mostly sitting and watching the markets right now.
“Why would anyone listen to them (Paulson or Bernanke)?” Rogers also started buying Chinese shares a few weeks ago. A short 4 minute interview, but he’s quite feisty with the CNBC talking heads.
A really great article here by Clayton Makepeace on the current economic turmoil. Clayton is one of my favorite marketers – I read his blog religiously for marketing insights. At the end of his article, he encouraged people to link to the article or post in its entirety – so I am doing both. Enjoy, […]
“Sounds like insider trading to me!” Yeah Marcy!
When stocks require a $700 billion infusion in order to tread water – is the risk/reward of being long stocks really worth it? Granted, there are a lot of quality stocks being thrown out like the proverbial baby with the bath water. If a rising tide lifts all boats, does it follow that a falling […]
Top posts from the past week: Five Easy Ways You Can Diversify Away From the Dollar US Mint: Sorry, we’re out of gold (again) Jim Rogers: Bailout is “welfare for the rich” A review of my trades from the week that was: Went long the Swiss Franc – The Swissie is the Yen’s carry trade […]
Taking the “pro” side of the bailout argument, Andy Kessler believes that Henry Paulson may be pulling off “the mother of all trades.” Andy calculates this move could net over a trillion dollars for the US Treasury. I’ve mentioned before that Andy’s about as smart as they come, and that I’m a big fan of […]
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