As the Egyptian situation evolves our markets try tto stabilize for the meoment. Maybe this is the time to ponder more long-term issues. See the two weekend articles here: http://www.nytimes.com/2011/01/30/business/30view.html http://www.nytimes.com/2011/01/30/books/review/Malcomson-t.html
The two factors that will keep a drag on the economy this year are cutting deficits and a consumer who has no assets to borrow against. It is that simple. Update at 9:50 AM CST, gold could bounce to the…Continue Reading →
January 4th as we mentioned at the time was an important date when markets reached a level where many investors took leave of the euphoria. Since then some of the leading edge of the euphoria phase have rolled over, markets…Continue Reading →
Apparently the market is initially looking at the positives of the SOTU speech and ignoring the black cloud of the Tea Party and Deficit Hawks. While some positives will evolve out of this, it will be mostly head butting in…Continue Reading →
It is interesting to me that economist A. Gary Shilling’s 2011 forecast which came out on John Mauldin’s website last night comes to somewhat the same conclusions as we presented. While Shilling comes to his conclusions with a different method…Continue Reading →
Everyone who attempts to forecast a period of one year forward always says they are not sure why they attempt something that is basically unknowable but then go ahead and do it. I guess I am in the same camp. …Continue Reading →
Here is a link to the best article that I have read in the past two years explaining America today. It is by David Leonhardt and along with Krugmans article on Europe a few days ago you have probably have…Continue Reading →
The kind of action that we have been seeing recently in Gold and Sugar will probably roll into the other markets, both commodities and stocks. Both buy and sell signals will have little follow through. The 1070 to 1290 S&P…Continue Reading →
Geithner warns of future interventionGovernment ‘may have to do exceptional things again,’ Treasury secretary saysBy Alistair Barr, MarketWatch SAN FRANCISCO (MarketWatch) — Treasury Secretary Timothy Geithner warned that the U.S. government may have to take control of major financial institutions…Continue Reading →
Yesterday we saw a punch out to the upside on many stocks and commodities. In spite of all this I remain stuck in my convictions that the markets will not come close to the annual projections of the majority on…Continue Reading →