Global Market Commentary, Analysis and Investments
Dead guys walking…
An article at the Zero Hedge website says Paul Krugman is either “an imbecile or a fraud.?
We wouldn't go that far. He might be only mildly retarded…or the victim of higher education. He has learned so much about modern economic theory that there is no room left in his brain case for good, old common sense.
[Read more...]Let it be, let it be, let it be, let it be…
Simple words of wisdom – let it be
The Dow lost 107 points on its first day of trading after Labor Day. Gold rose to within $3 of its all-time high.
What do you make of it, dear reader?
Watch the bonds… We could be seeing the first crack in the bond market. But it seems too early to us. It seems more likely that the bond market will stretch this out…bringing more and more hapless investors on board before finally sinking.
[Read more...]The US real estate market stepped up to the plate this week…and struck out, again. Completely whiffed on three pitches, in fact.
Strike one came on Monday…when the Treasury released its latest numbers on the Home Affordable Modification Program. The background: 1.24 million borrowers have enrolled in the program – which was launched with the hope of helping 4 million.
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Lower Lows in the Cat-Like Real Estate Market
Cash is still king.
Cash is king because non-cash is a commoner and a loser…it’s losing its value. An article in yesterday’s Financial Times, for example, tells that:
“US inflation expectations at lowest point in year.”
In other words, forget inflation. Forget price increases. It’s cash…cash…cash.
[Read more...]