The Fed’s stress test for banks issued yesterday showed that most of the big banks are in good shape for the moment. I’m exaggerating a bit but the primary principle to keep in mind is that if you can borrow at…Continue Reading →
Does it occur to anyone that no one really wants to win the 2012 election? Obama seems to feel he has to, but occasional slips portray someone who has accepted a one term Presidency as a real possibility. The Republicans…Continue Reading →
1. Ben is about to lose a play: Yesterdays blurb by the WSJ “The Fed considers a new “sterilized” bond purchase program, still aimed at boosting the economy, but also designed to calm inflation fears. With this plan, the Fed…Continue Reading →
A gold close under 1688 will start the second leg down since the September 2011 highs. The dollar is asserting itself. No change in our long term views. Short Gold. Long Dollar Bearish on commodities but no positions. A little…Continue Reading →
While I don’t always get it right, I do like to keep this this old quote in mind from the Economist in 1986: ” The best investors are like socialites. They always know where the next party is going…Continue Reading →
The long term debate never seems to end. The gold bulls still think that the Fed Balance sheet increases since 2009 mean higher gold prices in general. The problem is that home buyers in the 2001 to 2008 period bought…Continue Reading →