From the category archives:
The New Year is barreling toward us like a runaway bus. Today’s Must-Read: “The Collapse of Financial Globalization”
Brad Setzer’s writing style is a bit dry, but his charts are eye-popping and he makes his point like a silver bullet to the brain: “private capital inflows to the US and private capital outflows from the [...]
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This morning, we are seeing gold build on its sizeable gains from last week, and oil is up as well. The reason for the move in oil is simple: The explosive conflict in the Middle East is acting as a catalyst on an oil market that was already deeply oversold. Here is some [...]
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The following poem was cut from the top of my MoneyandMarkets.com column (“3 Stock-ing Stuffers,”) today …
Twas the eve before Christmas, and all through the night Sean’s mind was whirring, With stocks that could ignite
Poetry is subjective, and everyone’s a critic.
Before we get to the serious stuff, here’s some Christmas cheer (and [...]
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Merry Christmas-Eve-Eve! Or Happy Festivus, if you’re so inclined. Let the Airing of Grievances begin!
Here’s my chart for today — a monthly chart of gold. Note how the recent uptrend has been tested but hasn’t broken (yet anyway). In fact, RSI, a measure of momentum, is now giving a “buy” signal. [...]
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Here’s what I am reading today …
ASIA
Japanese Business Confidence Plunges Most in 34 Years as Recession Deepens Sentiment among Japan’s largest manufacturers fell the most in 34 years, signaling companies are likely to cancel spending plans and cut more jobs, pushing the economy further into recession.
China Plans to Increase Money Supply [...]
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After I recommended a bearish position in RCE on Friday, the markets surged like a rhino on cocaine. Typical! Still, it’s better than a hot-death sandwich, if only because A) we kept the position small and B) my other services, which are longer-term, retain their bullish stance on gold, energy and agriculture.It seems to be [...]
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Remember how rosy things looked yesterday morning, with the market shaking off bad economic news? Well, that faded in the afternoon, and today, just rotten economic news is giving the markt its lumps. And yet gold is down despite an apparent weakening trend in the U.S. dollar. Look at a chart of the dollar … Maybe [...]
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Time to look at gold again … Gold is drifting sideways, trying to decide if it wants to rally or head lower. I’m keeping an eye on it. And now let’s look at a chart of the gold’s doppleganger (in the short-term, anyway), the US dollar … More sideways drift. In [...]
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November saw the sales of cars manufactured in North America drop to 236,000 units. That’s 17% below October (which was already horrible) and 40% below the number sold in November of 2007. Source: Econbrowser.
Meanwhile, GM and Chrysler are seeking $11 billion to avert collapse this year. In short, they are simply running [...]
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The official “No-Duh” happened yesterday when the National Bureau of Economic Research declared the United States entered a recession in December 2007. Remember, if it hobbles like a recession and mumbles like a recession, it probably is a recession. Thanks NBER.
While it’s only a matter of time before the infection, which is now a worldwide [...]
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