Once again, the media has many reasons (in hindsight) for the demise in Greece, Portugal and Spain, and of course are now forecasting how the situation will be resolved. Personally, I think this could be the beginning of the end for the Euro. Greece is the first test, but other European countries have problems, and [...]
I thought I would take a moment and point out a few things concerning the current sentiment readings in the stock market. Traditionally these indicators, like most have limited predictive qualities except for when they reach extreme conditions. They tend to be more reliable when in extreme territory, especially if there are other conditions [...]
“It’s déjà vu all over again,” said Yogi Berra. The baseball Hall of Famer could easily have been predicting the coming resurgence of new natural gas–fired power plants. A couple of nuclear plants may actually break ground, but don’t hold your breath. Many more wind turbines will dot the landscape as renewable portfolio standards dictate resource [...]
Trickery and treachery are the practices of fools that have not the wits enough to be honest – Benjamin Franklin 1706 -1790 It always amuses me when the government releases certain data, such as inflation data; there is a bevy of economist and market mavens who draw all kinds of conclusions, then make forecast’s as [...]
It seems the general consensus is we are in a full blown recovery. There is little doubt that the worse of this crisis is over. I sure hope that is true, but when I see complacency in the financial markets such as I see today, so soon behind a meltdown, I have concern. The [...]
Even the just may sin with an open chest of gold before them – Latin Proverb The big question in the bullion market now is China. Is China about to make a large purchase from the IMF? According to Commodity Online “It seems so.” If media reports are to be believed, China has already sealed [...]
Even the just may sin with an open chest of gold before them – Latin Proverb There seems to be a lot of chatter around the street that Gold will fall due to the dollars recent strength, which the experts say will reduce investment demand. The correlation between the dollar and gold remains firmly in [...]
From the Vedas we learn a practical art of surgery, medicine, music, house building under which mechanized art is included. They are encyclopedia of every aspect of life, culture, religion, science, ethics, law, cosmology and meteorology – William James, American Author There is always a lot of talk about China, and how [...]
Another major problem for a housing recovery is the fact that there are a slew of adjustable-rate mortgages (ARMs) due to reset. According to Jim Nelson at the Daily Reckoning “The majority of these resets occurred between the summer of 2007 and the summer of 2008, which caused a massive amount of mortgage interest rate [...]
We keep hearing about the recovery in the economy and the recovery in the housing market, but for the life of me the only place I see it is on T.V. What I see is a decrease in production, continued low housing numbers, higher lumber prices and a downturn in commercial real estate. With lending [...]
