Dumb Money

Extremes Are Everywhere

"The complete disregard for 'risk' has never worked out well for investors in the past and is unlikely to be different this time either..."

Emerging Market Debt: Dumb, Dumber, And Dumbest

One of the classic signs that the credit cycle is nearing the end is that borrowers that shouldn’t be getting financed not only get funded, but get it at terms that seem crazy...

Speculators Sour On Gold And Silver

The stars - in the form of smart and dumb money futures contract positions - have once again lined up favorably for precious metals.