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“Be fearful when others are greedy” – Warren Buffett Earlier this month, the VIX, a commonly used measure of stock market volatility, hit an 18-month low. We wrote at the time: As you can see from our experience in 2008, when the VIX breaks out, it breaks out in a big way. So a breakout on […]
Nice slide show by our friends at The Daily Reckoning – informative, and entertaining! The Daily Reckoning’s Unofficial Unauthorized Financial Darwin Awards View more presentations from Agora Financial. And a little while back, we reviewed their latest book, Financial Reckoning Day Fallout.
Did the intermediate top in stocks occur earlier this week? We won’t know for sure for many months, but it certainly COULD have been. The rally has been running on fumes for month, yet still moving upwards despite the naysayers (such as myself), as the S&P pushed above the 1100 mark (raise your hand if […]
To say that consumer credit is contracting in the United States may be a bit of an understatement! Can you spot the trend in consumer credit? Contracting credit is the crux of Robert Prechter’s deflationary thesis – something we’ve been discussing at length in this space. How about another haiku to summarize? Credit’s going poof […]
We keep hearing how US households are paying off their debts. The important question is – how much debt is left to be paid off? For some insights into how much painful deleveraging may be left – I’d like to share what Bill Bonner wrote in today’s Daily Reckoning (an excellent free email newsletter by […]
Yesterday in our weekly column, we kicked around the possibility that the hyperinflationists are wrong…or at least early to the party. My piece was also picked up by Seeking Alpha, and you should check out the comment stream from livid gold bugs and monetary purists! I get a kick out of folks that truly believe […]
A hysterical and insightful turkey analogy in today’s Daily Reckoning: “Until today or tomorrow, the typical turkey enjoyed a fairly decent life,” commented our friend Nassim Taleb, in Zurich yesterday. “You can understand how fraudulent most economic analysis is,” Nassim explained, “just by looking the life of the turkey. The animal is fed for 1000 […]
Oh man – if you thought the US could create a credit bubble, you ain’t seen nothing yet. The always entertaining Mogambo Guru of the Daily Reckoning comments that an increase in Chinese citizen credit card usage “is also in line with government goals.” This is a country that saves a huge percentage of their […]
I find it’s always good to check your assumptions periodically. It’s even better to check them again. And better yet to recheck them one more time. I have a long term belief that the commodity bull still has years to run. And it’s refreshing to step back, look at the big picture (especially on down […]
Great essay (as always) by Bill Bonner in today’s Daily Reckoning. Very interesting that corn stocks are still near a 33-year low, even with the “high” corn prices over the last year. Even the bumper harvest of last year couldn’t low down the rising prices – too much of it is going into gas tanks.
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