by Keith Jurow, Capital Preservation Real Estate Report For nearly five years, I have offered compelling analysis that the so-called real estate recovery is an illusion. While this evidence has been largely ignored by Wall Street and the pundits, those who heeded my advice in an earlier article to sell certain REITs (VNO, GGP, SPG) and the ETF…
While interest rates in the U.S. are predicted to go up any day now, rates in Australia could be moving in the opposite direction. After cutting the benchmark interest rate twice this year to a record-low of 2 percent, Reserve Bank of Australia (RBA) Governor Glenn Stevens said that additional cuts may be in the…
My critics said I wasn’t educated. They said I didn’t understand the Canadian banking system. Some asserted that I had an agenda. Indeed, my article from January 2015 about the tough times that lie ahead for Canada struck a nerve. No one likes to be told that their home is overvalued or that the stocks they own…
Photo Credit: Lynne Hand One of the constants in investing is that average investors show up late to the party or to the crisis. Unlike many gatherings where it may be cool to be fashionably late, in investing it tends to mean you earn less and lose more, which is definitely not cool. One…
Gold closed up 0.3% at $1100,81 an ounce yesterday, after plunging to the lowest level in five years on Monday, as the dollar took a breather from its recent rally. The XAU/USD pair tried to pass the 1109.70 resistance but the bulls ran out of steam and as a result the precious metal trimmed a…
EU Council President Donald Tusk from Poland is shocked by the fierce debate over the Greek bailout in the EU Parliament. He told the FT: “It was the first time that I have seen radical with such emotions. It was almost half the European Parliament.Therefore, I believe that no one is a political winner in this process, not even…
T2108 Status: 36.4% T2107 Status: 40.2%VIX Status: 12.2General (Short-term) Trading Call: NeutralActive T2108 periods: Day #187 over 20%, Day #7 over 30%, Day #2 under 40%, Day #42 under 50%, Day #59 under 60%, Day #258 under 70% Reference Charts (click for view of last 6 months from Stockcharts.com):S&P 500 or SPYSDS (ProShares UltraShort S&P500)U.S. Dollar Index (volatility index)EEM (iShares MSCI…
The Greeks can give assurances that they will repay their debts once the current ones are forgiven, really they will. The EZ’s troika can give assurances that they will stand firm. And Putin can give assurances that there are no Russian troops in eastern Ukraine and all those mothers losing their sons are losing them…
On Friday, alongside China’s announcement that it had bought over 600 tons of gold in “one month”, the PBOC released another very important data point: its total foreign exchange reserves, which declined by $17.3 billion to $3,694 billion. We then put China’s change in FX reserves alongside the total Treasury holdings of China and its “anonymous”…
Every attempt to come up with a single number (a price index) that reflects the change in the purchasing power (PP) of money is bound to fail. The main reason is that disparate items cannot be added together and/or averaged to arrive at a sensible result. However, some price indices are less realistic than others….
