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No Fear, Again: Market Participants Are Opting For Extra Yield, Risk Be Damned Last week, a buddy from college sends me an email: “Hey, I got a little bit of cash sitting around, earning next to nothing in a savings account. Anything you’d recommend to get this cash working for me?” “Not really – everything […]
Regular readers know that while we are more sympathetic to the deflation argument, at least in the near term, we keep our ears open to the inflation camp as well. And that’s not hard to do, as some inflation believers become quite hostile at the mere muttering of deflation! For my money, the guy with […]
Great piece by Clay Shirky entitled “The Collapse of Complex Business Models.” It’ll make you think, for sure, as Clay points out the mysterious tendency of complexity to simply collapse throughout human history – think Romans, Mayans, etc. Sometimes the more a society or sector advances, the stronger the pull back towards simplicity – with […]
Richard Russell thinks the bond market may be saying ENOUGH with the quantitative easing, reports The Daily Crux. From his Dow Theory Letters: The bond market is now very close to saying, “We’ve had enough.” … Many older subscribers probably remember my lifelong emphasis on the POWER of COMPOUNDING. But what of the power of […]
Whither deflation… Chased away by reflation? Or eye of the storm? Revisiting the Deflationist Arguments of 2009 Earlier this week I revisited two of my favorite inflation/deflation interviews of 2009, both courtesy of Jim Puplava at the Financial Sense Newshour. Being sympathetic to the deflationist arguments, I was interested in seeing if their forecasts were […]
According to the Associated Press, Colorado will become the first state to reduce its minimum wage due to a “falling cost of living.” Colorado is one of 10 states where the minimum wage is tied to inflation. The indexing is thought to protect low-wage workers from having flat wages as the cost of living goes […]
The New York Mets announced today that they will be cutting season ticket prices by at least 10%, according to ESPN.com. “The Mets are sensitive to the economic realities facing our fans and we have lowered our ticket prices in response to these challenging conditions,” Mets executive vice president Dave Howard said. “This move underscores […]
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 […]
As the Federal Reserve continues to print money, the “hyperinflation trade” seems to be a crowded one. The premise seems sound and reasonable – whenever a government prints money and devalues its own currency, rising prices follow. A deflationary environment cannot hold for a sustained period of time, because the government will print money, or […]
I started tracking Robert Prechter of Elliott Wave International recently because, to my knowledge, he’s one of the only guys who correctly anticipated the Great Crash of ’08. Now, he had been waiting for this crash since he wrote Conquer the Crash in 2002, but better to be early than late in this case. A […]
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