The US equity markets were weak most of the day, and sold off into the close. This *might* be end of year selling, taking profits and losses, dressing up the portfolio, and raising some cash for a run at the year end. Oil continued breaking lower. It is a mix of supply and demand, more…
Dubai… is down 23% in the last 10 days. After soaring 64% in the first half of the year, Dubai’s Financial Market General Index has collapsed 33.5%… but if it is due to correct to where oil trades, it has a long way to go still… Maybe it disconnected a while back, when The Fed flooded…
Oil Boom Just Another Fed Inflated Bubble, and is it Contained? Peter Schiff explains this in his latest audio edition. (Audio Length: 00:19:54)
According to Takahiro Mitani, trashing your currency, destroying your bond market and gutting the real wages of domestic citizens is a surefire ticket to economic success. Yes, that’s what the man says, “I have no doubt that the economy is in a recovery trend if you look at the long run….” After two years of hoopla and…
Sprott Silver has gone to a negative premium (discount) to NAV which is something we have not seen in a while. I suspect that word is getting around that they will be looking to do a secondary offering earlier than later next year. Click on picture to enlarge
Over the past week all of our core market health indicators fell. Most notable is our measures of risk. Our core measures of risk fell from moderate levels to almost warning. It will take a large sell off in the last hour to take this category below zero and have us increase our hedges and/or…
First, for all you right minded wording detectives out there, you are absolutely right… inflation is not rising prices and deflation is not dropping prices. Also, deflation is not two measures of a heavily manipulated bond market (chart 1) dropping impulsively. But for the sake of argument, let’s realize that Main Street does indeed call…
Here are some of my picks for 2014’s thought-provoking books from a political, financial, economic and environmental standpoint. They are available at Indiebound, Amazon, and Barnes and Noble. I’m sure you all have great additions of your own. Enjoy and happy reading! 1) The Death of Money: The Coming Collapse of the International Monetary System by James Rickards,…
Brookfield Incorporacoes SA (BISA3), the Rio de Janeiro-based homebuilder, plans to complete its largest luxury apartment project in in the city before the end of 2015 as part of an expansion by Hyatt Hotels ahead of the 2016 Olympic games. The Hyatt Residencies, located on the edge of a nature reserve in Rio’s Barra de…
In a world in which neither the Fed, nor the sellside (Goldman was forecasting $100 oil for years to come as recently as October 29), and certainly not tenured economists have any idea what lies beyond the next corner, perhaps the best place to look for financial answers are Hollywood celebrities such as Jessica Alba. So, in our pursuit of…
