The time has come for the world to realize that Merkel and Bernanke cannot solve the problem, no amount of funny money would be enough. In Europe a reckoning has to include rewriting everything and putting teeth into the Euro…Continue Reading →
Last October we were buyers of the stock market at 1070 on the S&P, in January we sold out stocks at 1290 on the S&P, a 220 point gain. The S&P went another 130 points higher to 1420. We are…Continue Reading →
Professor Lazear in the Wall Street Journal article yesterday says that growth has been too slow coming out of the 2008 crash, well yeah. The 72 year business cycle doesn’t happen very often but when the cleanout comes it takes…Continue Reading →
It will not be because he is my choice or the best one in the race, either for Republicans or the big one. It is because he is the most verbal, the most outrageous, and smart. He will be a…Continue Reading →
Gold continues to hangon to its bounce from the summer swoon, but as we move towards the end of the year it will see its luster fading. The era of big easy money is behind us and investors will start…Continue Reading →
As I mentioned yesterday. Papandreou’s proposal for a referendum should be the template for a worldwide vote by the people. These days it seems everybody is talking about who is a populist and who isn’t and this morning on Morning…Continue Reading →
Gold in both Dollar and Euro terms is completing a maximum 61.8 percent Fibonacci retracement. Fibonacci numbers are used by market technicians to measure how much a market bounces either up or down after a major move. For me this…Continue Reading →
Mistakes is the answer. We saw the mistakes Hoover made before 1929. We saw how the Clinton Administration and CNBC pundits talked up the heady atmosphere prior to the Tech Bubble in 1999. We saw how the Bush Administration and…Continue Reading →
Going into another period of debate in Washington the article today by David Leonhardt is a good primer. http://www.nytimes.com/2011/09/08/business/economy/american-economy-on-the-verge-of-a-double-dip-recession.html
Employment not deficits is the primary issue. The weekend news and opinion pages have the facts in spades. My favorite two articles are: http://www.nytimes.com/2011/09/04/opinion/sunday/jobs-will-follow-a-strengthening-of-the-middle-class.html http://blogs.reuters.com/chrystia-freeland/2011/09/02/will-belief-trump-facts/ For those who don’t read the facts and embrace them, there appears still to be…Continue Reading →