From the category archives:
Buffett says U.S. Treasury bubble one for the ages
Feb. 28, 2009, NEW YORK (Reuters) — Warren Buffett, whose Berkshire Hathaway Inc. sits on $25.54 billion (17.8 billion pounds) of cash, said worried investors are making a costly mistake by buying up U.S. Treasuries that yield almost nothing.
In his widely read annual letter to Berkshire shareholders, the [...]
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Richard Russell, who lived through the Great Depression, writes the following in the November 26 issue of his newsletter, “Dow Theory Letters” …
‘… if the government wants to inflate in a time of deflation, and the dollar’s viability is under attack, the government could back the dollar with gold. The government could unilaterally raise the [...]
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China’s $585 billion spending package is equivalent to the U.S. spending nearly $3 trillion in fiscal stimulus. Massive? You bet it is! Inflationary? Absolutely! A boost to the entire global economy? YES! — Larry
China unveils stimulus package as growth slows Program will spend more than $585 billion to jump-start economy November 10, 2008 (MarketWatch) [...]
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The top question I’ve been getting from subscribers these days is about what’s going on with gold and whether or not its bull market is over. My answer? No way, no how!
Any pullbacks in the precious yellow metal, no matter how bearish they may appear, are opportunities to buy! The basis for that view [...]
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China’s shoppers stock up on cards SHENZHEN (Asia Times) - Chinese consumers, until now recognized as among the world’s most determined savers, are adding credit cards to their wallets in record numbers, with the number of such cards in circulation almost doubled in the first quarter from a year earlier.
The number of credit cards [...]
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With weak U.S. retail sales and a rise in producer prices, many economists ― along with Fed Chairman Ben Bernanke ― believe this is further evidence of “stagflation” in the U.S. economy.
Stagflation? These guys are behind the times. We’ve had stagflation for the last three years! I warned my Real Wealth Report subscribers back [...]
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As I expected, the Fed announced today that they would hold interest rates steady. Also, as I expected, they talked a bit tougher on inflation. But that’s all it is – talk!
While there are likely to be loads of market swings this afternoon and tomorrow, the bottom line is this: Nothing the Fed said will change the [...]
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Right now my models show that sugar, cocoa, and cotton are about to take off like a rocket …
— Sugar is already up some 34% for the two weeks ended June 20th and is about to explode higher.
— Cocoa is exploding higher NOW, hitting a 28-year high last week.
— Cotton is about [...]
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There’s a lot happening in the markets from inflation, to the dollar, gold and more …
— Record Oil: On Monday, oil hit a new intraday high of almost $140 a barrel even as Saudi Arabia announced it planned to boost production by as much as 500,000 barrels a day. While initially prices eased on [...]
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The Labor Department reported on Friday that the US Consumer Price Index (CPI) rose 0.6% in May — the most since November and reversing a three month downward trend — as the high price of oil sent the price of goods higher.
While I expected the number to come in on the high side, it [...]
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