ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
This is an excerpt from an article I originally published on Seeking Alpha on November 27, 2011. Click here to read the entire piece.) The U.S. dollar’s role as a “safety” currency has finally returned although the market has only reluctantly marched back to the dollar’s printing presses. This year’s first two market swoons sent … Read more
This is an excerpt from an article I originally published on Seeking Alpha on November 12, 2011. Click here to read the entire piece.) I have long argued that gold sentiment does not exhibit the euphoria one would expect in a bubble (for example, see “Enthusiasm for Gold Continues to Wane“). A recent podcast on … Read more
On November 7, 2011, Lakshman Achuthan of the Economic Cycle Research Institute (ECRI) appeared on CNBC again to talk about recession. Achuthan was very adamant in his insistence that the business cycle simply could not be reversed from its downward course. The talking points almost sounded like a campaign. It included precious gems like “divergence … Read more
Robert Reich recently asked “Which do you trust more: democracy or financial markets?” His article was written in response to Greek Prime Minister George Papandreou’s proposal to hold a national referendum on whether to accept the conditions of a bailout on their unserviceable government loans. He concludes the piece asking readers whether we should “…rule … Read more
This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) On October 5, 2011, the Obama administration announced the launch of pilot projects for grid modernization. This news comes as a welcome relief to the constant drumbeat of recessionary fears. This news also suggests that … Read more
U.S. Economy Tipping into Recession | ECRI So it comes as no surprise to us that, with the latest expansion only a couple of years old, we’re already facing a new recession. Actually, such short expansions are hardly unheard of. From 1799 to 1929, nearly 90% of U.S. expansions lasted three years or less, as … Read more
The Economic Cycle Research Institute (ECRI) released a report on September 30, 2011 with the ominous title: “U.S. Economy Tipping into Recession.” The ECRI provides its full report only to its professional clients (I would love to get my hands on it!). However, the synopsis was pretty informative. The most surprising thing I learned is … Read more
Argentina targets news reporting of inflation data – Yahoo! News A judge has subpoenaed six newspapers for the names and phone numbers of all reporters and editors who have covered Argentina's economy the past five years, so they can be called as witnesses against their sources. News organizations called it an attempt to censor and … Read more
The never-ending debate about government regulations has recently inherited an intriguing level of urgency with the economy stalled and both major political parties targeting regulations as potential impediments to growth. The Obama administration announced plans to remove regulations that it estimated would save businesses $5 billion over five years. In an all too predictable partisan … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) While the stock market was oversold, I focused on accumulating beaten-down, commodity-related stocks as part of my “commodities crash” playbook as explained in “Profiting from Physical Assets in a Resource-Constrained World – Rules and Picks.” … Read more