Courtesy of Michael Pettis of China Financial Markets
I was recently asked by an Australian economics journal to write a review [Continue Reading]
Investors Guide to the Galaxy
Is it time to consider investing in gold?
I think so. Reasons: (1) its performance has been horrible and at some point the bleeding will stop. (Don’t over-generalize this reasoning, not all bleeding stops.) (2) Gold has inherent value as [Continue Reading]
If you haven't been following the stock market and the economy during the past seven years, repeat after me: "Stock Markets Are Not an Indicator of the Economy, Stock Markets Are Not an Indicator of the Economy, Stock Markets Are Not an Indicator of the Economy…" I think we have this cleared up now.
Courtesy of [Continue Reading]
Courtesy of Valuewalk
Don’t tell Jim Grant, the publisher of Grant’s Interest Rate Observer, that gold is a hedge.
The author and publisher said the metal is much more dynamic; providing a trifecta of price, value and sentiment, and investors should have exposure to it.
“[G]old is an investment in monetary and financial [Continue Reading]
Did Tony Sagami miss a dot or two with a premature call for the death of PCs, and for Intel (and maybe HP)? The graphic below shows the revenue categories for Intel's products. It shows that Intel is moving its business into other areas besides the PC (Internet of Things, Mobile, Data). Further, Intel is not a [Continue Reading]
Courtesy of John Rubino.
Less than a decade after a housing/derivatives bubble nearly wiped out the global financial system, a new and much bigger commodities/derivatives bubble is threatening to finish the job. Raw materials are tanking as capital pours out of the most heavily-impacted countries and into anything [Continue Reading]
Courtesy of Joshua M. Brown
The State of New Jersey is paying some $600 million in annual fees to hedge [Continue Reading]
Courtesy of John Rubino.
The Great Recession and its aftermath was actually the best of times for countries with natural resources to sell. The US, Europe and Japan ran record deficits and cut interest rates to zero or thereabouts, sending hot money pouring into mining and energy projects [Continue Reading]
Courtesy of John Mauldin
In today’s Outside the Box, my good friend Lacy Hunt of Hoisington Investment Management reminds us that since the 1990-91 recession, the 30-year [Continue Reading]
Courtesy of Lance Roberts via STA Wealth Management
Strength Of Steel
Yesterday, I discussed the issues surrounding the Fed's ongoing determination to hike interest rates despite evidence of a weakening economic environment. E.g.
"The Federal Reserve raises interest rates to slow economic [Continue Reading]
Courtesy of Mish.
In spite of near continuous ceasefire breakages on both sides in Ukraine, media has turned its attention elsewhere, especially to Greece and China.
Today I have some Ukraine anecdotes from reader Steven, who lives in Prague. He has family ties to Ukraine. Steven writes ….
Here are [Continue Reading]
So, Retail Stock Traders, if you get the feeling you are not getting the best prices, it's because, well, you're not.
Courtesy of Nanex
1. Charts of the Event.
On July 8, 2015 at 11:32:57, trades and quotes stopped updating from the NYSE. Trading eventually resumed at 3:10pm.
Timeline up to the halt.
Trades from [Continue Reading]
Courtesy of Charles Hugh-Smith, Of Two Minds
Speculative bubbles that burst are often followed by an echo bubble, as many participants continue to believe that the crash was only a temporary setback.
The U.S. housing market is experiencing a classic echo bubble. Exhibit A is the Case-Shiller Housing Index for [Continue Reading]
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