Archive - Jul 2013 - Blog entry

Congratulations Bernanke, you’ve created an even bigger bubble than that of 2007. Your latest statements about providing liquidity have destroyed completely destroyed your credibility as Fed Chairman. And they’ve bought you at most a brief pause before this whole mess comes crashing down.

Snowden Is a Traitor to the Political Elite … But a Hero to the American People

Gold surged 3.3% or nearly $50 from $1,248/oz to $1,298/oz after Federal Reserve Chairman Ben Bernanke admitted that the U.S. economy continues to need a highly accommodative monetary policy and will do for the “foreseeable future”.

Gold climbed for a fourth day to the highest level in more than two weeks due to safe haven buying after Bernanke also admitted, what many more realistic analysts have been saying for some time, that the 7.6% unemployment rate probably "overstates the health of the labor market."

By pursuing QE too long, the FOMC has engineered a repeat of the periods of market losses and negative accrual that nearly crushed the banking industry in the 1970s and 1980s, only worse. 

The DRC has comparisons with Mongolia but offers far better risk/reward potential for investors.

It has all gone belly up if we look at the EU and we are honest. Yes, they might be trying to paper of the cracks and yes they might be shoving some super strong glue in their to stop everyone pulling in different directions, but if they are really truthful about it, the EU28 (now that Croatia has become a member since July 1st 2013)

Traders who bought shares of gold mining companies as a way to play rising metals prices made a huge miscalculation.

The Downward cycle is in the on deck circle warming up, and will be coming to bat soon in the Oil Market Speculation Game!

Bernanke's comments give market cause to re-think its outlook for tapering and eventaul rate hike.  Here's why and what it means.  

New and improved...

Revenues are declining. Hence the need to cut costs. Solution: offshoring to a cheap country! And it's not the only one.

As the EU agrees to fund another bailout deal to help Greece rise from the ashes, providing them with another $8.7 billion in financial aid, the question that begs an answer is: will this have any effect on the austerity that is being imposed on the country. Throwing good money after bad?

Talk is cheap and action speaks volumes. We may be horribly wrong but we are taking action based on our knowledge. Its time people took responsibility for themselves and stopped bitching.

Big Banks Move Into Uranium Mining, Petroleum Products, Aluminum, Ownership and Operation Of Airports, Toll Roads, and Ports, and Electricity

We’ve already had an incredible record setting streak for food stamp usage. Now we can add high unemployment to the mix. The US economy just posted its 54th straight month at which unemployment was north of 7.5%.