Archive - Nov 2009 - Blog entry

Russian computer hackers have published emails and source code from the UN-affiliated Climate Research Unit showing profound corruption, fraud, and criminal activity. What's really behind the Copenhagen treaty?

Bottom line: The wars are unnecessary, and they are draining resources which could be used to reduce unemployment and help the economy.

I read Diana Olick's Realty Check blog on CNBC.com
on occasion. I must admit that she is considerably more credible and
serious than the vast majority of personalities to be found over there.
In her latest piece she questions the validity of the sales bump seen
in the last three existing home sales reports. She queries Lawrence
Yun, NAR's chief economist. He volunteered,

According to David Dodge, the global financial crisis dealt a severe blow to government revenues and automatically increased some expenditures. Moreover, governments undertook stimulus spending. The combined Canadian federal and provincial deficit in 2009-10 rose to about 6% of GDP, with slightly more than half of this increase due to automatic stabilizers. The comparable deficit in the US was over 10% of GDP.

Gold is up big on the suggestion that POMO may be extended, "just a little". A market slap in the face to Ben and QE. Does he get it? Nah!

Deficits don't matter . . . do they?

A day before the first revision to Q3 GDP is released, the Federal Reserve tells us it may not be as useful as we've been led to believe.

New flu has RBD mutation , Hacked Emails Show Climate Science Ridden with Rancor , Chavez and Uribe at each other's throats again, Gold approaches PM's Jan 2010 target , Solzhenitsyn approves.

An updated snapshot that highlights how the six primary US equity indices have performed relative to each other since their March lows via a percent change chart in addition to a weekly, daily and hourly technical outlook

The current debate in just about every financial and economic circle surrounds the fate of the dollar. Some argue that a weak dollar is great for US exports and thus investors should not worry about the recent decline. Others contend that a weak dollar will eventually be inflationary and drive up the price of necessities such as oil. Which side are you on?

Peter Boockvar, equity strategist at Miller Tabak. recently appeared on Tech Ticker claiming "it's dangerous to short this market".

In this holiday shortened week, there won't be much to gleam from market action.

Broad capital spending cuts, and curtailed production have landed machinery companies in the pits but mining equipment makers will likely be among the first to emerge from under the recessionary rubble. The reason is that commodity prices are up substantially from their recent lows, at a time when the world is running out of all those precious natural resources.

The FDIC sold 187 homes in Georgia recently. This was a public auction, but the results will not be released. The FDIC has put a lid on that information. Why?

CTV's W5 exclusive report on a groundbreaking new experimental treatment for multiple sclerosis, including the first-time the 'liberation' surgery was filmed.