Archive - Aug 2013 - Blog entry

The US trade deficit is now at its lowest point since that date and currently stands at $34.22 billion for the month ofJune 2013.

There are lot of similarities between the 1920s and today.  In fact Livermore’s quote says it all: “There is never anything new on Wall Street, because speculation is as old as the hills.”   1924-1929 bull market was rigged by stock manipulators.   Ninety-some years later the market is still (or at least is perceived to be) rigged by ...

According to the index the construction of the world’s tallest buildings have always coincided with the great slumps and recessions that we have gone through in history.

It seems I arrived in New Zealand just in time to see the country implode over a bit of botulism and bad PR. Good thing I haven't converted all my dollars into kiwis just yet!

If the Fed drop the ball and move too quickly they could endanger the fragile economic recovery, on the other hand if they move too slowly they could stoke inflation in the near term. 

The “smart” money is fleeing the market en masse (institutions, wealthy private investors, etc.).

In honor of those who inform...

I fully expect that tens of thousands of young Americans will be visiting Yemen in the near future.

Bilderberg Approved!

Bullish on one, no so much on the other. 

Just a few days ago on July 27th President Barack Obama said that the next Fed head had to consider average Americans when setting monetary policy. If only that were true.

So, somehow the US economy is roaring back in a big way? Hard to see. Over 70% of the economy is consumer spending. And spending is driven by incomes. And incomes are… falling.

Please do not worry...

Goldman Sachs and the London Metal Exchange have had a case brought against them both in a court in the US regarding anti-competitive behavior in aluminum storage, with a monopolistic effect thrown in for good measure.

In order to maximize their long-term profit, the Saudi`s will be watching the shale-boom in the US for an optimal oil price. This will prove a challenge for an oil dependent nation as the natural gas price implies a far lower oil price than the political elite is comfortable with.