T-Bond Update
T-bonds have declined around 8 percent since October 14th when we exited our long positions. They are probably due for a bounce from the current area. The Fed still has four months of buying in front of them. On the…Continue Reading →
Archive for December 2010
Democrats are Enraged at Compromise
It is about time. Obama got their attention. They have had majorities in both houses and all they have done is to help the Republicans block and water down everything that has happened since Obama got in office. Who needs them…Continue Reading →
Generational Thinking
The news doesn’t get much better than this for the speculative traders who dwell in the moment and the tax cuts for the rich are the capstone. On the other-hand it might be a time when long term thinking is of…Continue Reading →
Employment is the Guiding Light
It seems like all the talk of stopping stimulus programs and letting tax cuts expire is being held in a vacuum. By what measure does Washington have the right to make any changes until the unemployment rate comes down to…Continue Reading →
In a Depression, Employment is a Fiscal, Not a Monetary Issue
I feel like I need to repeat myself somewhat today so I have brought back the title from November 15th, the first tme I have done that in this blog. Under this title some new things need to be said. …Continue Reading →
Help from Unexpected Sources
As the market continues its mini-bubble based on QE2, help to bring some sanity to the equation has come from expected sources. In light of the hands off policy on the Fed by Geithner, and why wouldn’t he be hands…Continue Reading →
Speculative Fever
Why is gold rallying when we get better economic news? Why is gold rallying as interest rates rise. The question is not whether the economy is improving, that has been the case for the last 18 months. The issue is…Continue Reading →