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Marc Faber was a guest on Bloomberg last week – October 26 to be precise. He gave his outlook for stocks, QE2, and how the upcoming elections will weigh on the markets: Some quick takeaways: The market has gone from a pessimistic low of almost 1000 to nearly 1200 – and he believes a lot […]
Today, Bloomberg was quick to post a headline trumpeting the end of deflation: Deflation Disappears With Bond Market Showing Growth Oct. 25 (Bloomberg) — The bond market is showing Federal Reserve Chairman Ben S. Bernanke will succeed in sparking inflation after the smallest gain in core consumer prices in half a century increased concerns that the […]
Mr. T lays out a beautiful case for the barbaric relic on Bloomberg TV… At first blush, this would appear to be a classic contrarian market indicator. But actually Mr. T is not pitching to sell you gold, but rather buy your gold in exchange for – wait for it – cash. You know, the […]
One of the theme’s we’ve been harping on is that it’s going to be a long time before things get “back to normal” in the economy. In fact, the BEST case scenarios I can deem plausible involve a lost decade or so of economic growth – with the worst, of course, being a big uglier. […]
Hat tip to our buddy and fellow debt deflationist Carson for passing along this mind blowing number on Greek debt: As Wall Street hangs on the question “Will Greece default?,” the author heads for riot-stricken Athens, and for the mysterious Vatopaidi monastery, which brought down the last government, laying bare the country’s economic insanity. But […]
American consumer spending is a funny thing. For years, throughout much of the 00’s, we watched in amazements as the US consumer went on the greatest spending binge in the history of Planet Earth. First, we spent all the money we had. Then, we spent all the money we didn’t have. We borrowed against our […]
Sometimes I naturally assume that most “startup minded” people are folks who lean fairly strongly towards the free market. They typically are tolerant of government at best, and hostile towards it at worst (and I myself, I admit, lean towards the latter!) So when my wife sent along this guest column Intel legend Andy Grove […]
Our new favorite money manager is Hugh Hendry – the only thing better than his financial insights are his one-liners! (see Hugh: “I would recommend you panic”) In this interview, Hugh shares his take on George Soros’ socialist tendencies, and identifies an “Axis of Financial Evil” in Europe. He also likes the play of shorting […]
Well, maybe not quite, but it certainly feels that way. Today, Ben Bernanke pledged to keep the benchmark interest rate at a record low for an “extended period.” (Source: Bloomberg) His commentary was, as usual, about as insightful as the look my 6-year old weimaraner gives me when I proofread my blog out loud to […]
About a month ago, Marc Faber told Bloomberg that we could easily see a correction of 20% if the S&P topped 1150 and approached 1200. Well, it seems like we’re just about there, so we’ll see how Faber’s near term musings fare in the weeks ahead. You can check out a video of Faber’s Bloomberg […]
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