Gold Stocks Today » Addison Wiggin

Taking Back Habeas Corpus

Addison Wiggin — Thu, 02 Feb 2012 22:08:28 +0000

“I’m a little Ron Paulish,” declared bond king Bill Gross to CNBC. Recall from yesterday’s 5 that in his monthly letter, Gross groused that near-zero interest rates would hamstring developed economies and even “give a rise to commodities and gold as store of value alternatives when there is little value left in paper.” In a [...]

Taking Back Habeas Corpus originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Gold in the Face of Facebook

Addison Wiggin — Wed, 01 Feb 2012 20:19:49 +0000

Stocks are up today. The major indexes have jumped 1%… for no obvious reason. There’s talk of a halo effect from the pending IPO of Facebook, which could file the paperwork as early as today. Oy… Talk about “riding on a smile and a shoeshine,” to borrow from Death of a Salesman. “You have 500 [...]

Gold in the Face of Facebook originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Trends that Won’t End

Addison Wiggin — Mon, 30 Jan 2012 22:01:52 +0000

U.S. taxpayers have lost $133 billion from TARP — the abominable acronym inflicted on us by former Treasury Secretary Hank Paulson — a new report out this morning shows. We begin another week pulled in two directions: In one direction lie unresolved failures in policy… and the mayhem it has wrought in the financial system. [...]

Trends that Won’t End originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Embattled Washington: From SOPA to the Debt Ceiling

Addison Wiggin — Wed, 18 Jan 2012 21:04:05 +0000

It’s hard to crawl the Internet today without running across something like this… Wikipedia and several other sites are “blacked out” to protest the Stop Online Piracy Act, or SOPA — an odious piece of legislation that would allow domain names to be erased from the web without due process of law. Accidentally run afoul [...]

Embattled Washington: From SOPA to the Debt Ceiling originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

S&P’s Message Falls on Deaf Ears

Addison Wiggin — Tue, 17 Jan 2012 22:15:16 +0000

By all accounts, the stock market should be in free fall after a holiday weekend in which “the cosmic Brink’s truck of free money went over a cliff,” as Vancouver veteran James Howard Kunstler put it. Alas, so much for the latest euro-driven meltdown. After the close in Europe on Friday, Standard & Poor’s downgraded [...]

S&P’s Message Falls on Deaf Ears originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

The Basic Problem With the Fed

Addison Wiggin — Fri, 13 Jan 2012 23:02:57 +0000

We had to wait five years. But it turns out our suspicion that the Federal Reserve is clueless, at best, is true. We know because we read it in The New York Times. Welcome to another Friday the 13th… Where if things aren’t exactly scary, they’re definitely surreal. The Fed performed its ritual year-opening document [...]

The Basic Problem With the Fed originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Another Good Year for Gold and Gold Stocks?

Addison Wiggin — Thu, 05 Jan 2012 22:32:17 +0000

A new year, yes. But a well-aged story: Generalized fear and loathing about Europe is fueling the safety trade. The longest, most-boring financial crisis in history continues. For laughs, let’s tote up the damage: The Dow is down nearly 1%. Other US indexes are down more, others less Banks dragged down European stock indexes. Spain [...]

Another Good Year for Gold and Gold Stocks? originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

The Crushing Weight of New Laws and Federal Tax Codes

Addison Wiggin — Tue, 03 Jan 2012 21:28:00 +0000

The sale, trade and distribution of shark fins are now banned in California. Daily drink specials — i.e., happy hour — have been banned in Utah. Volunteer Little League and Pop Warner Football coaches in Colorado must now undergo annual training. Georgia set new safety requirements for golf carts driven on streets. Welcome to 2012 [...]

The Crushing Weight of New Laws and Federal Tax Codes originally appeared in the Daily Reckoning. The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas.

Dividends Are Sexier Than You Think

Addison Wiggin — Wed, 07 Dec 2011 19:51:11 +0000

Last month, the dividend yields on American AAA corporations moved above the yield on 30-year Treasury bonds! That had never happened before. Even after last week’s stock market rally (which pushed dividend yields lower), the stocks of America’s four AAA companies still yield about 3%, on average, which is not quite as high as the [...]

Dividends Are Sexier Than You Think originally appeared in the Daily Reckoning. The Daily Reckoning provides over 400,000 readers economic news, market analysis, and contrarian investment ideas.

No Longer Indicating Recession

Addison Wiggin — Tue, 29 Nov 2011 21:51:32 +0000

Alas, a little-known recession indicator has stopped flashing red — at least for now. The Philadelphia Fed’s State Coincident Index — crunching four employment indicators from all 50 states — clocked in at 76 in October. Readings below 50 have predicted every recession of the last 30 years, with only one false alarm — last [...]

No Longer Indicating Recession originally appeared in the Daily Reckoning. The Daily Reckoning provides over 400,000 readers economic news, market analysis, and contrarian investment ideas.