Ron Paul is the only Republican Presidential candidate that speaks about anything that is close to reality (althouth you do have to ignore the gold standard part ). The point is that Fed meddling is at the root of the…Continue Reading →
Ben hints of QE 3 and the Dow is up 130 points. It truly is magic. This sets up a test of Bernanke’s power. If the S&P can close above 1422 and gold above 1710 this week we will probably…Continue Reading →
The points in the article that we posted on Monday concerning what is sacred, the ideology behind that sacredness, and the result that voters do not vote their pocketbook but in fact vote their ideology are central to what will…Continue Reading →
Yesterday we moved our short stock positions on the Marketocracy tracking site to 92 percent of equity and are keeping our short gold position at 72 percent of equity. Adding in our long dollar position we are leveraged to 174…Continue Reading →
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 →
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 →
This is a new week and what does the one trick pony do? Buys assets because he thinks that the Fed and the Central Banks of the world will inflate us out of here. That is the pony that galloped…Continue Reading →
This week has been one in which some significant changes in the market and economic environment have become more visible. Short term interest rates broke out to the upside on Monday and while the Fed will try to keep them very low…Continue Reading →