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Dollar UP. Everything else DOWN. Sound familiar! Forget Facebook – this is the real financial story. There has not been a lot of green on many screens of late, except for one castoff – the buck. Call it what you will – the best house in a bad neighborhood, the flight to safety – fact […]
Debt deflation icon Steve Keen is circling the wagons – he’s got a new blog post, and as usual, it’s well worth a read. Keen, a true thinking man’s economist, sees continued deleveraging that will in turn continue to drive down asset prices – likely to much lower levels. His core thesis is that asset […]
My good friend and ContraryInvesting.com favorite Jonathan Lederer published his analysis of the US debt downgrade fiasco for his clients, and was kind enough to let me republish for you here. I agree his points, especially #’s 1 and 5…the chart of Japanese rates continuing to pancake after their downgrade is quite an ode to […]
Gary Shilling weighed in with his recommendations for 2011 in John Mauldin’s latest Outside the Box newsletter. Since the early 2000’s, Shilling has been one of very few financial commentators staunchly in the deflation camp – and his 2011 picks reflect his belief that deflation, not inflation, will rule the years ahead. We look for […]
I gotta admit – the markets almost had me! It looked like the Dollar was never going to turn around. And then QE2 was announced, which obviously could ONLY be bearish for the dollar, and ONLY bullish for stock prices. Not to mention the metals, which were sure to do moonshots in short order. A […]
On Thursday I was en route to Montreal for a wedding, and as luck would have it, I received a phone call from Martin Mittelstaedt from Canada’s Globe and Mail. Martin was working on a story about deflation investing for Saturday’s globe – a very well-timed piece given the latest CPI numbers, and Friday’s slaughter […]
It’s looking more and more apparent by the day that deflation is returning to the financial markets – and with a vengeance. Yes sir, deflation is back – it’s out to kick ass and chew bubble gum, and apparently it has just run out of gum! The reflation trade is being exposed as the fraud we […]
Gold is one of the lone green spots on the screen today, as the markets get clobbered across the board. You could cite the latest sovereign debt downgrade, but in reality, this is not exactly breaking news by any means. Any trader with a few working brain cells saw this writing on the wall. In […]
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 […]
A few weeks ago I glowingly declared that the bear was back in charge, and that the new trend was down. Channeling Lee Corso – not so fast, my friend! It’s been a strong retracement of the Jan-Feb decline: Markets have rebounded – from oversold in Feb, to overbought in March! (Source: Yahoo finance) BUT […]
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