Global Market Commentary, Analysis and Investments
Stocks are in the dumps today. As we write, the major US indexes have all but erased the hard-fought/delusional gains of the previous two sessions. The Dow, S&P 500 and the NASDAQ are all nursing losses of around 2%.
The panicky mood on Wall Street comes thanks to a “trifecta of bad reports,� as one news site put it.
[Read more...]An Interview with Doug Casey from Cafayate, Argentina
[To read Part I of this interview, click here]
Interviewer: Concerning the risk of foreign exchange controls here in the US, do you think people will have any warning at all?
[Read more...]From Germany comes news of a remarkable resurgence.
BERLIN – The government on Friday announced quarter-on-quarter economic growth of 2.2 percent, Germany's best performance since reunification 20 years ago – and equivalent to a nearly 9 percent annual rate if growth were that robust all year.
[Read more...]Nothing much happened on Wall Street Friday. Gold…stocks…held more or less where they were. So, we take up another week…wondering…waiting…trying to puzzle out what is going on.
Just like every other week!
Economists are finally beginning to ask questions. How come the economy isn't doing better? Why aren't consumers spending? Why aren't businesses hiring?
[Read more...]Over the weekend, your California editor jumped the border into Nevada. He took a spur-of-the-moment road trip to Las Vegas with his co-editor, Joel Bowman.
During their two-day romp in Sin City, neither editor engaged in any activities that needed to “stay in Vegas.â€? No drunken debauchery to report…or not report. No big-ticket gambling losses…or small-ticket moral lapses. Just the same old wholesome living with which they routinely bore themselves.
[Read more...]Dow down 39 yesterday. Gold plus $2. And the noose tightens on Bernanke's neck.
As of this writing, Wall Street is still in bull mode. Can you make money by joining it? Maybe. Is it worth it? Probably not.
If you do decide to play the game…just be sure you remember what game you're playing. This is a Great Correction. Over time, prices are going to work their way down until the Dow has dropped below its March 2009 low.
[Read more...]There are two major schools of thought on what is coming next…and two renegade, home-schools too. There are those who believe we have a recovery…though weak…that will continue and eventually bring the economy back to health. This is the line of the Obama Administration and most mainstream economists.
[Read more...]Another week gone by! Another week closer to Tokyo!
The Dow dropped another 145 points yesterday. Gold rose $11.
Will stocks recover today? Or will they just keep going down?
We're not a soothsayer. We can't read the stars…or interpret the charts. Still, we don't mind taking a guess about the future from time to time. And don't bet on it, by the way…
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The Falling Dominoes of American Dominance
“How did it all come to this?�
It's a question we've asked ourselves many times along this Coast-to-Coast Correction Tour. The answers are everywhere…in Wickenberg, Arizona…Livingston, Texas…Lake Charles, Louisiana and here along the border of Mississippi and Alabama…
[Read more...]