Archive - May 10, 2011 - Blog entry

Ireland’s government will impose a temporary levy on domestic private pension savings to fund a jobs plan aimed at cutting unemployment and aiding the economic recovery...

Now that's gotta sting...

If when reading the various Fed speeches and economist position papers you were to strike out all the numerical mumbo jumbo, what it all comes down to is a massive psychological operation being perpetrated upon not only the American people, but the global village.

Equities outperformed credit today, prompting a re-entry in our relative-value ETF position but while indices show improvement, rotation across sectors, quality cohorts, and capital structures suggest risk appetite is sorely lacking.

I never saw anyone hit with his face.--Yogi Berra

When you wonder what kind if idiots would be buying 10-year notes at 3% when a gallon of gas was $1.40 ten years ago and now $4 - that idiot is you.

Nice Work, Comrades! Along with Chairman Bernanke, you have helped turn the United States of America into a bastion for Communism!

“The courts of Florida belong to the people of Florida. The people of Florida are entitled to know what takes place in the courts of this state. No crisis justified the administrative suspension of the strong legal presumption that the state court proceedings are open to the public.” Charles T. Canady, Chief Justice of the Supreme Court of Florida

"America Realist!" I really like the ring of that:-) Yesterday, I bluntly called out the European state of economic affairs as I saw them in “Liar, Liar, European Pants on Fire!” Today, I present the article published by Property EU, one of the leading real estate publications in Europe which illustrates much of my thoughts on the topic of how and why Europe is nowhere near out of its economic malaise, and more importantly how this may pull the value of real estate down. Well, you can use your imagination for the Lehman like results…

Contrary to very popular opinion, buying U.S. Treasuries could be one of the best investments of 2011. Few times in history has an investor been able to invest with a major price trend and simultaneously be a contrarian. When these opportunities arise, they must not be overlooked.

For those that think gold and silver bulls are perpetually long gold and silver no matter the present condition of the PM markets, that is a patently false notion. In regard to the recent steep silver correction, an asset that periodically has steep corrections every year (the majority of which are induced and engineered by corrupt bankers) does not a bubble bursting make.

S&P 500, Dow Jones, Nasdaq, Russell 2000, Nymex Crude Oil, Comex Gold, EURUSD, GBPUSD, USDJPY