Graphing The Evolution Of The World’s Debt Addiction
It’s no secret that the world is addicted to debt. China for instance, has an astounding $28 trillion debt load that amounts to 282% of GDP, while the country’s local governments are now undertaking a multi-trillion yuan refi initiative in order to cut the debt servicing costs on a mountain on high interest loans they acquired off […]
BitGold: Great Product, Over-Priced Stock
A popular view is that gold has no monetary role to play in a modern, technologically-advanced economy. This view is wrong in many ways, including that, thanks to technological advances, gold is now better suited to being money than it has ever been. This is because technology has eliminated the inconveniences that would otherwise limit […]
Stocks & Gold: A Fascinating Ratio
A reader wrote me and mentioned that, years ago, Peter Schiff had suggested it would be more important to watch the ratio of the stock market priced in gold rather than the stock market priced in dollars. In ProphetCharts, he tried to see what the SPY/GLD ratio would look like, and it yielded some interesting results. I’ve done […]
Silver Continues To Show Bullish Pressure
Looking at the silver markets in the spot index, you can see that we have broken above the $17.50 level during the session on Monday, and out of the previous large consolidation area. At this point in time, it appears that the market is probably aiming for the $18.50 level, an area that I have […]
So Much For The Oil Crash: Cali Gas Price Almost Back To Year Ago Levels; Los Angeles Gallon Rises Over $4.00
Back when oil was crashing from $100 to $40, every day various economists and pundits, oblivious of the bloodbath in energy junk bonds and the imminent capex collapse, would explain how plunging gas prices were “unambiguously good” for consumer spending in the US. Well, the oil crash came and went, and retail sales since November have […]
Milk And Cookies – Financial Review
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW + 26 = 18,298.99 (record) SPX + 6 = 2129.20 (record) NAS + 30 = 5078 10 YR YLD + .09 = 2.23% OIL – .14 = 59.55 GOLD + 2.30 = 1226.80 SILV + .19 = 17.78 Record high […]
US Daily Cash Deficit 5/15/2015
The US Daily Cash Deficit for Friday 5/15/2015 was $26.7B bringing the May 2015 Deficit to $86B halfway through the month. Click on picture to enlarge Revenue is down -$3B YOY, due to the one fewer business days, and either a timing event I don’t know about or a ~$5B one time event last […]
Why You Can’t Judge A Fund By Its Cover
This week we’re putting RidgeWorth Mid Cap Value Fund (SAMVX), which has $4.6 billion in assets under management, in the Danger Zone for a number of reasons: Poor stock picking Very high total annual costs with high front end load and transaction costs A misleading “Mid Cap Value” tagline A “value” designation despite investing in […]
4 Companies Drowning In Debt
Following the bursting of the housing bubble and subsequent financial crisis, debt has become somewhat of a 4-letter word to many Americans. And while there are many benefits to debt-free living for households, in the corporate world, debt is often desirable. The Benefits of Debt In order for a company to grow, it must finance […]
Three Paths Ahead
On this day of lifetime highs across the board, I was musing about what the market might look like over, say, the next twenty months or so (that is, up through the end of next year, which will also be following what is bound to be a really interesting Presidential election). The possibilities, of course, […]
