I am not talking about Bush, although he in a way qualifies as Presient Cheney really screwed things up. What I am talking about is the next President, whether it be McCain or Obama, who is stepping into a economic disaster…Continue Reading →
This week has seen some knee jerk reactions to the recent selloffs in commodities, gold, and oil and the bounce rally in the stock market. The most important happening in August has been the bursting of the last bubbles in the…Continue Reading →
Central to the severity of the macro problem the economy and market face is the underlying fact that the issue is “leverage piled on top of asset values that were well above long-term trendlines”. As the asset values decline to trendline…Continue Reading →
In our opinion yesterdays market told a story and gave a signal. In the Main Site Bubble section which we wrote on January 22, 2008 we listed all the Bubbles with the caveat that the last two that would burst…Continue Reading →