A Formula for $12,000 Gold
Gold has steadily advanced over the last 60 days from $1,600 to this morning’s $1,767. Which is making some people a little nervous. For instance: “Can you comment,” a reader asks, “on what you think...
View ArticleReckitt Benckiser Blames Secretary for Non-reporting of CEO Share Pledge
By Greg Ruel, Senior Research Associate A possible regulatory probe looms at Reckitt Benckiser (LON:RB) and the company’s position is that an “administrative oversight” is to blame. The U.K. – based...
View ArticleUS return to prosperity hinges on natural gas
Natural gas prices are up a whopping 90% from the lows earlier this year and nearing the tipping point that could spark an investment boom in the vast US reserves. Beyond near-term prices, the Feb...
View ArticleUnraveling Why A Fed President Just Suggested Doubling QE3
Chicago Federal Reserve Bank President Charles Evans was interviewed on CNBC on Monday, and he indicated that he was in favor of continuing asset purchases at a rate of $85 billion per month all the...
View ArticleUnderstanding When Cash Is King
By Ross Heart If I were constrained to only one pearl of investing wisdom I’d have to select legendary trader Jesse Livermore’s line : “It never was my thinking that made the big money for me. It...
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Sony Is Clearly Getting Desperate
By Damion Rallis, Senior Research Associate As Sony Corporation (NYSE:SEN) continues its attempt to reposition itself as the leading name in global consumer electronics, its strategies have...
View ArticlePractical advice Friday: What form of Silver should you hold?
October 12, 2012 Frankfurt, Germany Along with gold, silver has been considered money for thousands of years. In ancient Rome, for example, the silver Denarius coin was first minted in the third...
View ArticleRand’s Dystopian Masterpiece
IN A LENINGRAD UNIVERSITY CLASSROOM in the early 1920s, as the professor drones on about orthodox Marxist theory, a young woman with an intense gaze is writing furiously in her notebook. The woman is...
View ArticleWhy Last Night’s Debate Will Really Matter—and, yes, it will.
Not surprisingly, the pundits have concluded that, while the debate last night, will stop the bleeding for the Dem ticket—stop the momentum for Romney/Ryan—it won’t make a difference beyond that....
View ArticleWhy Last Night’s Debate Will Really Matter—and, yes, it will. [-- UPDATE:...
Not surprisingly, the pundits have concluded that, while the debate last night, will stop the bleeding for the Dem ticket—stop the momentum for Romney/Ryan—it won’t make a difference beyond that....
View ArticleA Romney Presidency Could Finally Bring Back Balance Between Monetary And...
I read with interest Joe Weisenthal's comments about Barry Ritholtz's Big Picture Conference yesterday. Apparently many of the speakers and attendees expressed their "skepticism" about the market and...
View ArticleOn Being Jack Kennedy
Biden’s use of the famous Lloyd Bentsen put-down of Dan Quail—“Senator, you’re no Jack Kennedy”—is getting pretty good play among the punditry. (Yay!) Now, hopefully, Obama and Biden will educate the...
View ArticleChina Faces A Daunting Task In Reducing Contaminated Water, Food And Drugs
Last January, China’s environmental authorities barely averted the contamination of nearly three million people’s drinking water after a mining company dumped cadmium – a toxic heavy metal used in the...
View ArticleWeekly Eurozone Watch: Nobel Yields
Key Data Points German 10-year Bund 8 bps lower; France 6 bps tighter to the Bund; Italy 10-year 1 bps wider; Spain 1 bps wider; Belgium 3 bps tighter; Portugal 11 bps tighter; Ireland 19 bps...
View ArticleOf Poker and Balance Sheets
It’s always fun to check out a new poker room — especially when reputed to be the best poker room in Las Vegas. We have dragged pots in all the well known rooms (Venetian, Wynn, Bellagio etc) on...
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China Will Grow Old Before Growing Rich, And It Will Bring Down The Rest Of Asia
The Ponzi schemes and off-balance sheet loans in China's banking system are in the forefront of today's news. Reuters reports Bank of China executive warns of shadow banking risks A senior Chinese...
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ECRI's Leading Index Just Made A Big Anti-Recession Move
The Weekly Leading Index (WLI) of the Economic Cycle Research Institute (ECRI) made a strong advance in the numbers released today. It is now at 127.7, up from last week's 126.2 (revised from 126.3)....
View ArticleDaily ETF Roundup: First Week Of Earnings Ends In Choppy Trading
Investors were in for another choppy trading session today as ongoing global growth worries overshadowed some better-than-expected earnings and economic reports. In macro news, the U.S. consumer...
View ArticleAll Of The Transmission Channels Between QE3 And The Economy Are Weak Or Broken
NEW YORK – The United States Federal Reserve’s decision to undertake a third round of quantitative easing, or QE3, has raised three important questions. Will QE3 jump-start America’s anemic economic...
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This Chart Proves Work-Based Welfare Works
This may seem only obliquely related to the political hurly-burly of the moment, but I think it’s connected. The figure below, from Danilo Trisi at CBPP, shows the employment rates (share of the...
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