Kicking off this Economic Farce Royale… we have Mark Spitznagel explaining why the Fed is the root of all evil… or at least the source of the so-call “wealth gap”. We’ve sprinkled our own comments throughout to keep it lively and (God help us) too serious.[Read more...]
The level of uncertainty among investors about the direction of U.S. fiscal and monetary policy is startling. At a recent gathering of top investors in New York, few displayed much conviction about the future path of the Federal Reserve’s monetary stance after its Sept. 18 decision not to wind down a slew of stimulus measures in the face of a weaker-than-expected U.S. economy. On the fiscal policy front, incessant congressional wrangling over federal spending and borrowing baffled financiers from around the world.[Read more...]
Wall Street has no idea what’s happening…
The experts’ predictions were way off this year. No one was expecting big gains from the major averages. But of course, that won’t stop them from laying out their guesses for next year…
“Why do forecasters keep forecasting?” laments Barry Ritholtz over at Bloomberg View. “All of your favorite prognosticators will soon be trotting out their favorite (albeit worthless) prognostications. You are advised to ignore them with extreme prejudice.”[Read more...]
As cold temperatures blanket much of the U.S., natural gas prices are heating up.
But believe me, this isn’t one of your local news fluff pieces about cold weather and sleigh rides, instead there’s a surefire (long-term) way to turn a profit as temperatures drop and commodity prices rise.[Read more...]
Simple automatic investing that actually makes money is something almost everyone wants. And it is the reason algorithmic trading systems are becoming more popular and more services are making it easier for individuals to build their own simple automatic trading systems.[Read more...]
If the government levies taxes on landowners, retailers, corporations, and individuals, it is far from certain that the targeted interest groups will actually pay the tax. Depending on a variety of factors, they may be able to roll over or shift the tax to other people (tenants, consumers, workers, etc.) either partly or entirely. As Alfred Marshall said: “There is scarcely any economic principle which cannot be aptly illustrated by a discussion of the shifting of the effects of some taxes.”[Read more...]
The new pope, Francis from the Pampas, has just warned us to beware the “tyranny” of capitalism.
Each man worships his own gods. Some worship at the altar of Jesus of Nazareth. Some at the altar of the Almighty Dollar. The capitalists don’t bad-mouth Francis’ god. You’d think he would cut them the same slack.[Read more...]
There are numerous hot items on my radar today – below I’ll share with you my five favorites for right now.
In short, I feel that through the end of 2013 and into the beginning of 2014 we’ll have plenty of “investable” opportunities in the resource sector.
In the spirit of the holiday season, let’s give thanks for the following investment opportunities…[Read more...]