Global Market Commentary, Analysis and Investments
Beware the Ides of March…and the rest of the year too!
This is the day Caesar was assassinated. What’s it to us?
Well, it just reminds us that things go wrong. Even when you’re on top of the world. There are always countercurrents…undercurrents, beneath the surface, where you don’t see them…plots…conspiracies…and just bad luck.
[Read more...]The OMB’s 2011 budget showed that the US debt-to-GDP ratio will continue to rise over next 10 years until 2020, where the projection ends and when US debt will equal 77.2 percent of GDP.
Inflation is one strategy that could be used in an attempt to lessen that debt burden. By putting more dollars into circulation, and lessening the value of each, the feds could try to pay down the same nominal debt that would then be smaller in real, inflation-adjusted terms.
[Read more...]The OMB’s 2011 budget showed that the US debt-to-GDP ratio will continue to rise over next 10 years until 2020, where the projection ends and when US debt will equal 77.2 percent of GDP.
Inflation is one strategy that could be used in an attempt to lessen that debt burden. By putting more dollars into circulation, and lessening the value of each, the feds could try to pay down the same nominal debt that would then be smaller in real, inflation-adjusted terms.
[Read more...]“The US is insolvent,” says a report from a hedge fund. As of the third quarter of last year, the federal government had assets of $2.67 trillion and total liabilities of $14.12 trillion.
That leaves a net negative position of more than $11 trillion. By the way, this is projected to get a lot worse, fast. The feds are expected to increase their debts by about $3 trillion more over the next 2 years. Federal spending is out of control…the feds have lost control of their own budget, let alone the economy.
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Trade of the Decade: Sell Everything
In the January 4th edition of The Daily Reckoning, Bill Bonner offered his new Trade of the Decade: Sell long-dated Treasury bonds, buy deep-value Japanese stocks. Your California editor agrees wholeheartedly with the first half of this trade, but has a different suggestion for the second half…and he shared these views in a recent presentation to the Investment University Conference in San Diego, California, which occurred on St. Patrick’s Day.
[Read more...]