Archive - Jun 2010 - Blog entry

Simply copying the US style of Central Bank Crisis mitigation is a bad idea, particularly since I believe the US has not mitigated the problem at all, but simply kicked a soda can down the road until it gained the unstoppable momentum of a dumpster. Now, the ECB is actually trying to kick that dumpster, and appears to be stubbing its toe!

Contribution from BoomBustBlog reader: EVI is a well run company with 60%+ of shares owned by management that has an absurd amount of cash on the balance sheet, no debt, and trades at a ridiculous valuation with a few likely catalysts.

Falling stock markets in May sent pension plan assets lower, resulting in the worst funded status for the typical U.S. corporate pension plan since October 2009, according to monthly statistics published by BNY Mellon Asset Management. The funded status in May declined 4.3 percentage points to 82.0 percent.

Whether you hate enviros or are an environmentalist ... peak oil is the real issue.

True story.

In Chapter 3 of this continuing examination of our collective insanity, we begin to unfold the dynamics of the public lie, our often unconscious defense of the public lie, setting up our personal psychic firewalls, the Stockholm syndrome and the dynamics of the family when dealing with the addicted/abuser, Mother Nature’s nose candy, how we can break the conditioning and then reinforce the changed behavior.

When it comes to matters of currencies I don't trust anyone, especially politicians.

Copper and crude oil are both base essentials heavily reliant upon by economies globally for everyday usage, with no meaningful substitution options. Gold, on the other hand, is not as essential to keep the everyday world running seamlessly, and could conceivably be substituted by other commodities with a change in global monetary standard or people’s perception. From that perspective, I think there are a few recent trends pertaining to crude and copper that are being misinterpreted.

The mirage of economic recovery conjured up by our political leaders and a credulous news media dimmed and flickered in the harsh light of reality on Friday, when grim employment figures for May sent stocks into one of their steepest dives of the year. We would caution bears against becoming overly confident, however, since there are several technical factors coming into alignment that augur a potentially sharp reversal in the broad averages and some important trading vehicles that we track.

So the employment report disappointed, but was it really as bad as evidenced by such a disproportionate selloff?

Post G-20 rant on our boy Tim.

As hard as it is to believe, last week's "fat pitch" is this week's "sweet spot".

Relevant commentary from BoomBustBlog and sources throughout the Web on the accounting change that added 80% to the S&P since March 2009!!!

While the May jobs report was disappointing, it's nowhere near as bleak as many believe. One month's data will not make the difference. Lots of hysteria out there, but the reality is that US fundamentals are improving and this will eventually spill over into the labor market. A deeper analysis reveals some encouraging trends...

Yes, I'm talking about a cameo by the Nobel Prize winner, famed economist and New York Times columnist, Paul Krugman and Sean P. Diddty in an upcoming summer comedy with enough sex and drugs to kill a small commune--"Get Him To The Greek."