Global Market Commentary, Analysis and Investments
The new Japan is China. It’s an export economy with too much capacity…like Japan in ’89.
The new Greece is Spain. It’s got mortgage debt up the kazoo…
The new Ireland is the old Ireland. Yes, Ireland is now exporting people again…at the fastest rate since the 19th century.
[Read more...]The new Japan is China. It’s an export economy with too much capacity…like Japan in ’89.
The new Greece is Spain. It’s got mortgage debt up the kazoo…
The new Ireland is the old Ireland. Yes, Ireland is now exporting people again…at the fastest rate since the 19th century.
[Read more...]Gold down below $1,600! Is the bull market in gold finally over?
Nah…let’s change the subject.
Today, our hearts go out to the poor 1%…
Yes, dear reader, they’re blamed for the crisis…
They’re reviled, calumnied, and criticized…
They’re hunted by the taxmen…
[Read more...]No panic on Wall Street — yet. Gold still over $1,600.
But watch out. Our hunch is that when people come to their senses…they will run for the exits.
Europe’s shifting from austerity to “growth”…which really means more debt.
America’s growth is phony — with fewer jobs today than when the ’08 recession began.
[Read more...]No panic on Wall Street — yet. Gold still over $1,600.
But watch out. Our hunch is that when people come to their senses…they will run for the exits.
Europe’s shifting from austerity to “growth”…which really means more debt.
America’s growth is phony — with fewer jobs today than when the ’08 recession began.
[Read more...]The Obama Administration deserves credit. What other government ever reached such staggering achievements?
On the home front, as we reported last week, over the last 4 years more people have been declared disabled than have found jobs.
And overseas, an American soldier shipped out to serve in Afghanistan is more likely to be killed by himself than by the enemy. That is, the suicide rate is higher than the rate of combat losses.
[Read more...]The Obama Administration deserves credit. What other government ever reached such staggering achievements?
On the home front, as we reported last week, over the last 4 years more people have been declared disabled than have found jobs.
And overseas, an American soldier shipped out to serve in Afghanistan is more likely to be killed by himself than by the enemy. That is, the suicide rate is higher than the rate of combat losses.
[Read more...]The financial news yesterday was dominated by alarming reports from Europe.
“Backlash,” said The Financial Times…referring to an “anti-austerity wave” that washed over Europe in weekend voting.
If the FT doesn’t mind mixing metaphors, we don’t either. But our metaphors are a bit different. What has happened is not a backlash but a wake-up call. It comes as voters realize that the placebo medicine — phony, half-hearted austerity measures peddled by the Euro elite — don’t work. They want an elixir with more of a kick to it. That’s why the leftists are gaining so much ground.
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When Cash is King: Investing with Risk on the Downside
China is falling apart.
Bond yields are falling.
Copper is sinking.
Oil is sliding.
US stocks, too, slipped all last week.
Even gold…that old stalwart friend…turned its back on us last week, closing the week at $1,585.
Oh, dear, dear reader…everything is giving way. What can we hold fast to?
[Read more...]