Latest Posts
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Finance 0
The U.S. Is Already In A Recession; Get Ready For Some Crazy Monetary Policy
Jim Grant appeared on CNBC’s Closing Bell and unhesitatingly said he thinks the US economy has already gone into recession: I think we are in one…I think there’s a defensible case to be made that a recession began late last year.” Grant echoed what Peter Schiff has been saying. In his Gold Videocast last week, Peter also said he thinks the recession started last year: I believe eventually the government will acknowledge that this greater recession began in the fourth quarter of 2015, the very quarter that the Fed chose to raise interest rates.” The Daily Bell hosts didn’t seem convinced by Grant’s assertion, pointing to Atlanta... -
Finance 0
The Vanguard 500 Index Fund
The Vanguard 500 Index Fund (VOO) is an index exchange trade fund. The fund is passively managed and is designed to track the investment performance of the Standard & Poor 500 market (S&P 500). The S&P 500 market represents the United States’ largest-capitalization stocks. The respective holdings of VOO are weighted proportionally to the index and adjustments are made accordingly with changes in market. The fund offers four classes of shares; Investor Shares, Admiral Shares, Signal Shares, and Exchange Traded Fund (ETF) Shares. The total asset value of the fund is $38.19 billion. The top five holdings in the fund, in order,... -
Finance 0
Global Stocks Continue To Crash As Oil Plummets And Gold Skyrockets
Stock markets around the world continue to collapse as this new global financial crisis picks up more steam. In the U.S., the Dow lost 254 more points on Thursday, and it has now fallen for five days in a row. European stocks continued to get obliterated, and financial institutions are leading the way. But this week what is happening in Japan has been the most sobering. After falling 918 points the other day, the Nikkei plunged another 760 points early on Friday. The Nikkei has now fallen for seven of the past eight days, and investors in Japan are in full panic mode. Overall, global stocks are well into bear market territory, and ne... -
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Dow Theory Signal – What Does It Mean?
Charts Monitor, Rather Than Dismiss Fundamental Data Critics of technical analysis often mistakenly believe that using charts discounts the importance of fundamental data, such as earnings, employment, and economic growth. Charts allow investors to monitor the aggregate investor interpretation of all the fundamental data. Said another way, charts are efficient tools used to monitor vast amounts of fundamental data, which is important since fundamentals ultimately determine which assets classes will perform best. When the economy is healthy, stocks tend to beat bonds. When economic fear dominates, bonds tend to beat stocks. In this article, we... -
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EU Fears The British Referendum Will Be A Contagion
Donald Tusk of the European Union (EU) in Brussels, European Council president, has warned that the EU is really in danger of total collapse. He has come out and said that David Cameron’s referendum in Britain will be copied by other members tactics for their own “egotistic goals.” He has said this will unleash the unthinkable democratic right of European people to disagree with the elite in Brussels. He called this a populist political movement that will bring the EU bloc to the brink of “suicide”. Donald Tusk is now saying he is clearing his diary next week to concentrate on the “very fragile” talks with Britain to create... -
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Projecting A Recession From 2013
I woke up yesterday to see oil below $27 a barrel, the US 10-year at 1.6% and the Dow down to 15,600. How quickly the economy is faltering. It is a crazy moment. Oil below $29 a barrel creates Geo-political tensions that can create attacks of aggression. Other countries have already tried to negotiate with the Saudis to raise oil prices… and now oil is slipping to even new lows. A tense situation for oil producers. The US 10-year hitting 1.6% so fast over the past month seems to be building downward momentum. The yield curve is trying hard to flatten even with short-term rates near zero. Recession seems imminent. Will it happen? I called a ... -
Finance 0
Upper-Class Twit Of The Year Discovered In Sweden
Call the Men in the White Coats Before it’s too Late Today Sweden’s Riksbank “shocked the markets” by cutting its main refinancing rate further into negative territory, to minus 50 basis points. Note that according to the FT, “Sweden’s economy is booming”, and the Riksbank itself “forecasts that economic growth will be 3.5 per cent this year, a little lower than the 3.7 per cent in 2015”. Sweden also happens to be home to credit and real estate bubbles that are among the biggest on the planet. Sweden’s central bank governor Stefan Ingves: yet another dangerous monetary quack Photo credit: Thommy Tengborg / TT via AP We h... -
Finance 0
If Credit Is Right, The S&P Is Facing A 40% Crash
…and credit is always right in the end! 1,100 is the target… High Yield bond yields and Leveraged Loan prices are at their worst since 2009 as it seems the hosepipe of QE3 liquidity (its the flow not the stock, stupid) is slowly unwound from a buybacks-are-over equity market.... -
Finance 0
Why It’s A Mistake To Be Raising Cash In This Market
Introduction It appears that I have become caught up in a spirited discussion regarding holding cash in investment portfolios. However, I believe that my position on this important subject is being misrepresented. Therefore, I felt compelled to offer this article for clarification of my true position and beliefs on the utilization of cash in portfolios. My inspiration was a recent article published by Adam Aloisi titled “Should the Retired Dividend Growth Investor Really Be Building Cash?” In his article Adam provided a link to a recent article published by Regarded Solutions titled “Retirement Strategy: Having Cash Is Not a Sin, It Is ... -
Finance 0
Who Owns/Holds/Funds All This?
Mainstream commentary will continue to harp on the unemployment rate as if it were some kind of lucky charm for protection against an increasingly unrecognizable and frightening (to the orthodoxy) world around it. That appeal dominates even where it has so little if any bearing, as in negative swap spreads that were in truth an easy and simple warning about liquidity that didn’t really require much sophistication or familiarity with interest rate swaps at all. The very fact of negative (highly so) swap spreads renders the informational content moot, leaving only the increasingly inarguable suggestion that “something” is very wrong eve...
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