Moyers: The New Robber Barons
“I can hire one half of the working class to kill the other half.” Jay Gould, aka the Mephistopheles of Wall Street. Video Length: 00:25:21
Insider Trading Report Edition #235: Notable Buys And Sales
Welcome to edition 235 of Insider Weekends. The prolific buying by insiders of energy companies lost some steam last week even as oil and energy stocks rebounded sharply along with the rest of the market. With the S&P 500 closing less than 5 points off its all-time high, insider buying also picked up with insiders…
Insider Trading Report Edition #235: Notable Buys And Sales
Welcome to edition 235 of Insider Weekends. The prolific buying by insiders of energy companies lost some steam last week even as oil and energy stocks rebounded sharply along with the rest of the market. With the S&P 500 closing less than 5 points off its all-time high, insider buying also picked up with insiders…
Oil Crash Continues
by Reverse Engineer, Doomstead Diner Transcript: Greetings Doomfans, and welcome to another edition of the Frostbite Falls Daily Rant, here on the Doomstead Diner. It’s been a couple of weeks since I recorded my original Oil Crash Rant, and a ton of action has gone down in the interim, so it’s time for an Update! Audio Length: 00:09:43…
Gold Is Looking For Direction
The XAU/USD pair posted first weekly loss in three weeks and settled at $1195.71 per ounce. A stronger dollar and the rebound in equity markets worldwide drew some investors away from gold. The Federal Reserve on Wednesday offered a strong signal that it was on track to raise interest rates. On the other hand, Fed…
Investment And Interest Rates II
In the post below, I discuss a very strong correlation in the data which surprised me — a high ratio non residential fixed capital investment to GDP is correlated with high nominal interest rates on corporate bonds. I think the discussion in comments was very interesting and I have promised to pull back 2 comments (I…
ATAC Week In Review: Pascal The Trader, And The Logic Of Faith
“To one who has faith, no explanation is necessary. To one without faith, no explanation is possible.” – Thomas Aquinas Both the atheist and the faithful have the same fundamental problem: there is no way either can prove their point because it requires knowledge of the future after death. While both can argue that they…
Warnings Cleared
Most of the consolidation warnings issued for market indexes on 12/9/14 were cleared during the rally last week. Here’s a quick update of the two I consider most important (S&P 500 Index – SPX and Small caps – IWM). The general message is that odds favor higher prices into the end of the year. A bit of…
Will They Hang Bankers Again On Wall Street?
What took place in Washington over the past two weeks with the repeal of Dodd Frank and then the effective repeal of the Volcker Rule sounds strikingly familiar to at least three previous periods in American History that led to total disaster. There were of course the Northern “carpetbaggers”, whom many in the South…
Does This Help Gold Miners?
In the last few weeks, silver has been performing better than gold, which is an indication of the fact that most of the price pressure in precious metals is behind us. Gold miners can profit from this, but there is another factor that could help them: the lower oil price. The decision of…