How can this be? It’s simple, they currently are just added to the cash hoard of the big corporations. The over-riding issue of private debt is the elephant in the room. The deflation of the real estate boom will take…Continue Reading →
We have made no changes in our portfolio this quarter to date. The S&P 890 target remains, 22 percent below current levels. The indicators we watch still point to lower stock and commodity prices. Both the important dollar / gold ratio…Continue Reading →
While Washington continues to fight to the very end on the passing of the FinReg legislation, an amazing testament to the lack of willingness to work together to get our financial system back on track, yesterday something good thing happened in this…Continue Reading →
It is easy for Wall Street to go ga-ga over earnings during this 18 month recovery. They are trading stocks for the corporations who have the marketing, legal, and HR capability to figure out how to skin the cat. The…Continue Reading →
Some good news for the economy is appearing and more will be needed as a slow solid recovery gets established. The bounce rally in the markets over the past few days has been strong as have all the bounces over…Continue Reading →
That is what the pundits and advertisers keep pushing in the media. There was a time to BUY gold, like in 2002 when Washington was out of control and wars were being started. That period ended in March 2008 when…Continue Reading →
A few eyes are on the Fed meeting report today, but not many. They are the sideshow watching what they helped build. Today the drivers of economic activity are a deadly combination of unemployment and consumer/real estate debt. Nothing being…Continue Reading →
Yesterdays NYT article expands on the theme that is central to where the markets are headed. We are in the hands of the political forces. Hopefully enough of Washington will pay heed to what Krugman outlines. http://dealbook.blogs.nytimes.com/2010/06/21/krugman-spend-now-save-later/ At the moment…Continue Reading →
Politics and economic activity have a direct connection. The current debate and one that will heat up through the next two elections is and will be about the debate between the Deficit Hawks and the Green Employment Empowerers. My contention…Continue Reading →
These two overhanging issues are the offset to the current predominate market player bottom fishing attitude. Bernanke talked about these issues yesterday and they will not go away easily. As we have outlined in blogs some months ago, attacking the…Continue Reading →