Archive - Mar 15, 2010 - Blog entry

A second deflationary tidal wave may hit the US early as April. The Dow is going to crash, possibly heading for a double bottom at 6,000, and bonds are going up for the rest of the year. Gold has had it for the foreseeable future. First, deflation, then inflation. The greatest trade of your lifetime is setting up. This trend could start tomorrow, or in two years. Blow your entry point, and you’ll get wiped out. Oh, and by the way, crude oil futures are discounting war with Iran by 2013!

“The private equity industry always pitches how constructive it is as an investor force to create jobs and growth,” says Mr. des Pallières. “But there are private equity funds that get rich by breaking companies and making others poor — whether they are creditors, states or employees.”

Instead of going into a lengthy analysis about the pros and cons of Chris Dodd's financial reform bill, I'll let the Senator speak for himself ...

In the Department of the Totally Obvious ...

The euro could be in an over-sold situation, says Goldman Sachs and Dr. Feldstein. However, a potential correction can not disguise the elephant in the champagne room - the political and structural weakness in the single currency union.

Sometimes I truly wonder if those who make broad proclamations of "the coast is clear", "everybody is safe", and "all is calm on the western (European) front" ever took the time to glean the facts and evidence before makings such a proclamation. Here is HARD evidence that easily shows that the Greek crisis is FAR from over. I welcome anyone and everyone to challenge the evidence and/or prove otherwise.

We think that China is an indestructible economic juggernaut but its economy is very fragile and it is sitting on a property bubble which will burst. What China does in response has major implications for their economy and the rest of the world. This is the first part of a three-part series on this topic.

It is difficult to get a man to understand something, when his salary depends upon his not understanding it.

The FDIC raised $1.8b with a junk deal and a guaranty. Who cares? We all should.