Secretly, the Fed is in a panic to ward off a bond market collapse! They know that, sooner or later, they MUST send the message that they're serious about cutting back on their mad money printing. The danger of course, is that foreign investors will get an entirely different message: that Washington's efforts to fight the most severe recession since the Great Depression are waning. If that happens, you could see turmoil — not just in the bond market, but in every asset class imaginable. Words: 770
Read More »Monthly Archives: February 2010
The Devil’s Advocate Gives 4 Reasons NOT to Buy Gold (+2K Views)
In the contrarian spirit of playing devil’s advocate four reasons are put forth as to why you shouldn’t buy gold today. Words: 553
Read More »5 Types of ETFs You Should Absolutely NOT Buy These Days (+2K Views)
I usually tell you about opportunities I see in exchange-traded funds (ETFs) and how you can grab them but today I want to give you a list of some ETFs I think you should absolutely NOT buy! Words: 1158
Read More »What is Shale Oil? (+3K Views)
People often say: “You can’t squeeze blood from a stone.” However that’s exactly what shale oil is. An alternative fuel, created by squeezing our planet’s proverbial “Life Blood” out of rock. Words: 1066
Read More »A Cynical Guide to Reading Mutual Fund Brochures (+2K Views)
When a fund brochure says: Diversified it really means: We will basically buy the index and go golfing - and 10 other interpretations of fund jargon. Words: 189
Read More »It’s Not a Question of IF, but WHEN, Inflation Will Arrive (+2K Views)
America's massive debt and unfunded liabilities make inflation the only viable option for today’s policymakers because when the value of future dollars is diminished, future obligations in those depreciated dollars are diminished. Words: 2808
Read More »Artificial Stimulus Will NOT Revive U.S. Economy
The Japanese monetary and fiscal anti-deflation reflex in reaction to the crash in the 90´s was very much the same as the recent and currently ongoing global pumping approach. Japan has been running exactly the same "stimulus" as the rest of the world is now employing to fight the downturn. It didn´t work in Japan and I doubt it will work globally. If ever there was an economic illustration of the fact that "stimulus" cannot revive a REAL economy, Japan is that illustration. Words: 861
Read More »Roubini: Hunker Down for More Job Losses (+2K Views)
Think the worst is over? Wrong. Conditions in the U.S. labor markets are awful and worsening. We can expect that job losses will continue until the end of 2010 at the earliest. In other words, if you are unemployed and looking for work and just waiting for the economy to turn the corner, you had better hunker down. All the economic numbers suggest this will take a while. The jobs just are not coming back. Words: 536
Read More »Will We See the Dow at 4000 Once Again? (+2K Views)
Investors have a short memory, in 1995, the DJIA was around 4000. Today our economy, it could be argued, is actually weaker than it was back then. Words: 427
Read More »Global Warming: The ‘Anthropocentric’ Crisis (Part 4: Conclusion) (3K Views)
The global climate warming fuss is not principally an environmental issue but, rather, it is a manufactured crisis supported by copious amounts of manipulated science, reinforced by opinion leaders and promulgated by the cheerleading of the mass media. Global warming has become the mother of all politically correct issues. Words: 1551
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