So much has happened in the past three weeks; pretty unbelievable, eh? Gold traded above $1,800 and then got smacked down, the US credit rating was downgraded a notch, the debt debacle worsened, Italy and Spain are getting tarred with the same brush used for the bailed out countries of Greece, Ireland, and Portugal, and so much more…
[Read more...]Fighting the Correction in the Worst Possible Way
August 26, 2010 By Leave a Comment
Want to know what is really going on?
Investors are waking up. They are wiping the sleep from their eyes. Behold! No recovery.
Analysts and the commentariat are struggling to make sense of it. With record low mortgage rates, and after eight programs designed to boost up housing, for example, sales are still plummeting. July saw the biggest monthly drop in existing house sales since the Johnson Administration.
[Read more...]Dollar Bulls Bushwhack Foreign Currencies
December 30, 2009 By Leave a Comment
The non-dollar currencies got bushwhacked yesterday by the dollar bulls around mid-day, and there’s been no recovery since. The Treasury is back at the auction table, with $32 billion in 7-year Treasuries for you to buy at the fantabulous yield of…. Drum roll please…. 2.60%! All that and more, so buckle yourself in, and make certain to keep your arms and legs inside the Pfennig at all times during the ride!
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Japan’s Economy Grows at 1.3%
So much has happened in the past three weeks; pretty unbelievable, eh? Gold traded above $1,800 and then got smacked down, the US credit rating was downgraded a notch, the debt debacle worsened, Italy and Spain are getting tarred with the same brush used for the bailed out countries of Greece, Ireland, and Portugal, and so much more…
[Read more...]