Well That Didn’t Work
The Bank of Japan and European Central Bank eased recently, which is to say they stepped up their bond buying and/or pushed interest rates further into negative territory. These kinds of things are proxies for currency devaluation in the sense that money printing and lower interest rates generally cause the offending country’s currency to be […]
The Economic Recovery: A Myth Built Upon A Myth
No matter how much data you point to showing the health of the US economy isn’t as good as advertised, you will inevitably hear the refrain, “But look at the jobs numbers!” Just the other day, Peter Schiff appeared on Fox Business and said the US economy is likely already in recession. Peter repeated his prediction that the Fed […]
Chicago Public School System Threatens Massive Tax Hikes Via “Backdoor” Bond Guarantee
The Chicago Public School (CPS) system is bankrupt in every way but the final declaration. That declaration is a foregone conclusion, and bondholders will take it on the chin. CPS Treasurer Jennie Huang Bennett disagrees with my assessment. So does Matt Fabian, a partner at Concord, Mass.-based Municipal Market Analytics. For her part, Bennett explained […]
Identifying The Long Term Trend
As most of you know, I believe the market is currently in a long term down trend. However, I’m starting to see things that put the bear market in doubt… which should be a really good sign that we’re still in a down trend — because bear market rallies create enough doubt to suck people […]
Five Questions Wall Street Hopes You’ll Never Ask
The Dow and the S&P 500 are up more than 4% in the past month and millions of investors are finally gathering up the confidence to tippy-toe back into the markets. But, problem is, they have no idea where to start. Thankfully, you don’t have that problem – you’re here and that gives you a […]
Gold – Dual Resistance Could Be Heavy, Says Joe Friday
The above chart looks at Gold over the past 18-years. We applied Fibonacci retracement levels to the lows in 1999 and the highs in 2011. Gold peaked in 2011 and declined to its 50% retracement level at (1) above. This means it gave back half of the gains it achieved in the rally from 1999 […]
Gold Stocks’ Tiny Baby Bull
Gold stocks have radically outperformed every other sector in the stock markets this year, blasting higher as investors flock back to gold. This powerful surge is spawning worries that gold stocks’ new bull run is in danger of exhausting itself. But such fears are totally unfounded. A longer-term perspective reveals that gold stocks’ baby bull […]
3 Best-Rated Large-Cap Growth Mutual Funds To Invest In
Growth funds focus on realizing an appreciable amount of capital growth by investing in stocks of firms whose value is projected to rise over the long term. However, a relatively higher tolerance to risk and the willingness to park funds for the longer term are necessary when investing in these securities. This is because they […]
Slow Business Decisions Are Risky In An Uncertain Economy
Business decision-making is slowing down, according to a recent article by Tom Monahan. He documents slower sales cycles, slower decisions in hiring, slower implementation of IT projects, with reasons that include larger companies, more attention to risk and over-collaboration. Monahan talks of the cost, but he doesn’t spend much time on the scariest part of the […]
Gold And Paper 1951 – 2016
——— Argentina: 1951 ——— = 117 Argentinian 5 Peso notes ***** But after government meddling and central bank printing … 65 years later: ——— Argentina: 2016 ——— = 20,000,000,000,000,000 Argentinian 5 Peso notes (After adjusting for the 10 trillion to one devaluations in the past 50 years.) ——— United States: 1951 ——— = 7 […]
