From the monthly archives:
My cycle work strongly suggests an important low in oil may already be at hand, or at worst, very close. Take a look at this chart, made from my cycle studies on oil. You can clearly see the dominant cycle shown on the chart indicates we may be at a major low RIGHT NOW.
I’ve been [...]
I know China has taken its lumps in the last year. But despite all the bad news you’re hearing about China, I maintain that China is not in anywhere near as bad shape as the press and other pundits are leading you to believe. I’m back on-the-ground in Asia now and lots of exciting things [...]
The Treasury just sold $8 billion of 20-year TIPS at what looks like a stinko auction. The notes were sold at a yield of 2.5% versus pre-auction talk for a yield of 2.37% (per Bloomberg). The bid-to-cover ratio came in at 1.92, compared with an average of 1.98 for the past five sales. Indirect bidders [...]
It’s another ugly Monday morning on the news front, especially as it relates to jobs. Heavy equipment maker Caterpillar (CAT: 57.95 -0.66 -1.13%) says it will slash 20,000 jobs due to slumping demand for construction gear (It had 113,000 workers at the end of 2008). Wireless company Sprint Nextel is also chopping 8,000 of its [...]
If you’ ve been following some of the comment threads here on my blog, you know that I’ve been expecting Pfizer to make a bold acquisition at some point. And lately, the rumors pointed to Wyeth.
Well, now it’s official. And along with that announcement, Pfizer (PFE: 18.36 +0.25 +1.38%) also posted less-than-stellar earnings and a [...]
I’ve been hammering home a clear point for several weeks and months – there is no such thing as a “free lunch.” You can’t simply bail out anyone and everyone, especially when you’re a debtor nation, and expect your creditors to just grin and bear it forever. Click here for more of my views on this topic.
Now [...]
The global demand for electronic doodads is falling fast. So fast that Sony said it will report its first annual loss in 14 years.
And that is after laying off 8,000 of its 185,000 jobs around the world and closing 10% of its 57 factories.
The strengthening yen sure isn’t helping either.
Anheuser-Busch InBev is going to sell the majority of its stake in China’s biggest brewer Tsingtao to Japanese beer giant Asahi for $667 million to help pay off some of the debt it incurred to buy Anheuser Busch last year.
AB InBev will sell 19.9% of Tsingtao and keep 7%.
Paying off debt is always a good [...]
The Chinese government reported that its economy expanded by 6.8% in the fourth quarter of 2008. That may sound like a lot to us Americans but it is well below what everybody was expecting and a very clear sign that the global recession is hitting everyone very hard…including China.
Americans just aren’t buying as much [...]
I’m busy getting ready for my trip to Vancouver and the 2009 Vancouver Resource Investment Conference this weekend. So I’ll keep this brief.
First, a chart of Agnico-Eagle Mines (AEM: 60.81 -0.90 -1.46%). This will be of interest to my Red-Hot Global Small-Caps subscribers as well as anyone who bought by “Golden Parachute for 2009″ report …
Gold [...]
