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GoldAlert.com reports that bullish sentiment towards gold prices has hit its lowest levels in 19 months: Bullish sentiment toward the gold price continues to drop, evidenced by the current 60% Market Vane Bullish Consensus reading on gold. This is the lowest level since December 9, 2008 – a few weeks after the gold price plunged […]
Real nice post by Mish Shedlock over on his always excellent blog entitled Are we “Trending Towards Deflation” or in It? I know many readers share my view on the inflation/deflation debate – namely that because we have a credit based economy, the Fed is relatively powerless to stop inflation. If that’s your take, then […]
Zacks Investment Research reports: The Consumer Price Index (CPI) fell 0.2% in May, which was a greater decline than the 0.1% decline expected and the 0.1% decline in April. Year over year, headline inflation is up 2.0%, but almost all of that came in 2009, not in 2010. Over the last three months, the CPI […]
It’s likely that few people living today can recall a more treacherous near term economic and investing environment than the one that staring us down right now. So how should you invest? Guest author David Galland takes a look at the intricately entwined global economic mess – and shares some insights about how you should gear your portfolio. — […]
Thanks to good friend and fellow deflationist Carson for sending along the latest CPI numbers, which were released this morning. Inflation? Where? On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in April, the U.S. Bureau of Labor Statistics reported today. Take away food and energy, and the deflation […]
Here’s my understanding of the Greece bailout plan that was passed today. It’s nearly $1 trillion. It should stabilize Greece for now – credit default swaps on Greek debt tumbled on the news – though from Greece’s perspective, it’s hard to see how this is anything more than “kicking the can down the road”, as […]
Yesterday we mused that a turning point may be appearing in the markets, as indicated by the negative divergences that are popping up. In a rare act of God, we were right! Well, at least for a day. And they’ll never be able to take that away from us. Stocks, commodities, and just about everything […]
Let’s take a stroll down Great Depression memory lane to find out what would happen if, in fact, we do slip into a deflationary depression. Would our gold stocks get trashed? It’s important to consider all the possible scenarios that could unfold…since it seems like we’re heading for, or already in, a depression, we now […]
Ben Bernanke was right – if you put your mind to it, and print enough money, you CAN prevent deflation. New CPI numbers show that the core CPI (excluding food and energy, which nobody really uses anymore) actually jumped 0.3% last month, their largest increase since June 2008. About 40% of that increase came from tobacco […]
This is – by far – one of the stupidest things I’ve ever read. This gem came in a monthly e-zine sent out by a real estate agent who got her hooks into me after the housing bubble started to pop, smelling fresh virgin real estate blood in the waters. Needless to say, we’re still […]
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