Why this time is different
We are living within an incredible monetary policy experiment. One the likes of which has never been embarked upon in human history. Therefore the results are difficult to forecast. However, I do...
View ArticleThree eye opening charts about the US economy
The share of total US wealth is seeing the greatest redistribution upward since the roaring 1920s. We know what happened next… Productivity gains are not being realized by average workers since the...
View ArticleQuick technical analysis of recent US stock market weakness
Entering the “chop zone.” Every time broader markets slip below the 50 week moving average decisively we see more momentum selling. Techs are weighing the hardest on major US indices.
View ArticleWhy are stocks selling off?
First let’s dive in to the mechanics of what’s changed. We were accustomed to a market where there was practically no volatility. Complacency was high and on a technical basis the Dow and S&P were...
View ArticleCryptocurrency crash – time to get in?
Maybe so. Maybe not. However, I’m content to watch from the sidelines. Last year these cryptos saw levels of appreciation that were nothing short of parabolic. I wouldn’t be surprised to see them fall...
View ArticleUS economic and precious metals outlook
I remain reluctantly bullish on gold, silver and platinum (and bearish of palladium). I fear we are entering a time of turbulence via geopolitical events, monetary policy tightening (during the...
View ArticleIt’s not just Amazon gutting retail
There’s so much talk of Amazon bringing doom to all things retail that I think it’s fair to take a step back and look at the bigger picture. A massive downsizing of US retail was inevitable. We have...
View ArticleUS new-home sales drop 9.4% in July
Uh oh! Is the new housing bubble beginning to deflate? My thought is yes, but let’s not move to hastily to that conclusion before walking through some facts: 1: Many lenders were / are offering...
View ArticleTrump threatens government shutdown over wall
First we were told Mexico would pay for it before the project started. Then we were told they would pay for it later after it was built. Now we’re told that our government will be shut down if we, the...
View ArticleCorrection brings opportunities in resource sector
The resource sector is getting slammed today on account of a marginally higher dollar, and one dissenting Fed member (Bullard) jawboning an April rate hike (conceivably to test the market’s reaction)....
View ArticleNegative interest rates, positive investment returns?
I wrote in January that it was time to look at the resource sector. Since then energy, materials and precious metals producers have provided double digit returns. And this is likely only the beginning....
View ArticleNow is the time to look at the resource sector
The streets are red with the blood of disemboweled investors. Just the sort of situation that is ripe with opportunity. When emotions run high logic is a distant second. What’s wrong with this picture?...
View ArticleThe backwards logic of QE’s supposed wealth effect
The Federal Reserve has recently admitted, through various policy speeches and interviews, that quantitative easing’s primary goal was to foster a wealth effect by raising asset prices across the...
View ArticleSeesaw market creates opportunities in volatility
There is a lot of emotion charging the market, creating exaggerated moves both up and down. One day everything is fixed, the next everything is broken. Manic depression wouldn’t even begin to...
View ArticleEnergy falls, stocks mauled
There’s a deflationary wind that’s been blowing this way since late 2014. It’s been strengthening since the August 24th intraday market crash in the US. And now I think it is really picking up. What...
View ArticleGold’s 2015 performance in various currencies (chart)
The Brazilian Real was walloped and the dollar was clearly a standout winner. Gold’s relative underperformance shows against US dollars that the US dollar is still seen as a safe haven currency. Until...
View ArticleAn open letter to Barracuda Networks (CUDA) management
I am a recent investor in Barracuda Networks (CUDA). Needless to say the earnings miss and subsequent market reaction between Thursday evening and market close on Friday was quite disconcerting....
View ArticleChina halts, dollar faults, buyers bolt
Storms are brewing. The wind will carry them from the east to the west. Be careful out there. Thursday will be another difficult day in stocks and risky credit markets. The dollar is no longer being...
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