February 16, 2011 Sell American. Buffett Is.
When contrasted against yesterday’s penchant for deal making these activities, or lack thereof, strongly suggest that Buffett is becoming bearish on equities.
November 5, 2010 Bernanke Dares The World
I the U.S. economy remains weak for some time, traditional inflationary pressures may seemingly stay at bay even as the foundations that support the dollar continue to be undermined by unsound monetary and fiscal machinations. Currency collapses are not forecasted by the monthly inflation readings, but instead tend to erupt from the guise of dormancy all at once.
September 25, 2010 Gold’s Historic Rally Continues
Auguat 6, 2010 Until Debt Does Them Part
Many today think that Keynesian thought has reached its limits and contend that USD hegemony has entered its final countdown. But few even attempt to offer a precise depiction of how transference to a new monetary regime will unfold.
Jan 8 Some Notes For All The Super-bears Out There In Internet Land
Jan 7, 2010 2010 Preview: The Wonderful Wizard of USD
Befuddled by Bernanke’s art of misdirection, there is a widespread acceptance that if Bernanke didn’t do what he did, things would be much, much worse. Quite frankly, the only statement deemed significant by the believing and bewildered crowd is, ‘The financial system would have collapsed without the Fed!’ All this despite the fact that a discerning observer can see that Bernanke is dealing cards from the bottom of the deck.
October 16, 2009 Greenspan Gone Wild (Again)
March 11, 2009 Greenspan A Glutton For (His Own) Punishment - “Mistaken”
May 27, 2008 Greenspan’s Incessant Contradictions
April 14, 2008 He Did It His Way (Unfortunately) (Greenspan Exposé)
With the Fed stepping up to combat the popping housing bubble, dysfunctional credit markets, and opaque Wall Street balance sheets, it is clear that confidence in the marketplace has been replaced, perhaps permanently, with confidence, or lack thereof, in the Fed...
January 6, 2009 2009 Outlook: Angling For A Recovery
Unwilling to let the free market work, U.S. policymakers have adopted the audacious goal of trying to kick-start a deeply flawed financial system; a system grounded upon unsustainable increases in asset prices and debt. Not unlike the 2003 ‘recovery’ that was backed by cheap money and regulatory neglect, these policies are destined to fail.
November 28, 2008 After General Bernanke Destroys The Deflationary Threat
Perhaps all that can be assured amidst this buildup of uncertainty is that the only global currency that doesn’t represent the increasing liabilities of governments, gold, will benefit if current trends persist.
September 8, 2008 Paulson’s Exit Strategy
With Paulson to step down in January 2009 the GSE mess will be left on someone else’s desk.
September 3, 2008 The Big Question
...for the first time since November 2003 payrolls shot lower on year-over-year basis in July, and historically such an occurrence marks the beginning of an ominous trend.
June 27, 2008 Not gentle like before July 3, 2008 Grrr...
Welcome back Mr. Bear. Value investors have missed you…
May 8, 2008 A Rally To Nowhere
The mayhem that erupted in late 2007/early 2008 has indeed calmed, but many years will likely have to pass before it is removed.
January 7, 2008 2008: Is Bernanke The One?
September 4, 2007 The School of Hard Work Or Habituated Hand-Outs?
Big Brother will continue to let the children play, fight, and throw tantrums, all the while looking down with a false sense of responsibility emblazoned on their borrowed Chinese made shirts.
August 21, 2007 Forget Peak Oil, Peak Net Worth is the Real Danger
September 11, 2006 And the Award Goes To…
With the US housing market building towards what could be a momentous bust, who will be remembered as the Henry Blodget or Abby Joseph Cohen of the US real estate bubble 5-years from now? There can be only one.
August 3, 2007 Attitudes Take Time To Change
Or why most analysts are oblivious to the coming consumer led recession
January 26, 2007 Bears Wait for the Dam To Break
Being wrong about short-term movements in stock prices is not the same thing as losing money. Those that did well in the late 1990s as well as in 2000, 2001, and 2002 (three devastating years for stocks) were those that never bought into the idea that stocks were in a new paradigm, and those that will likely do well in the years ahead are those that chose not to chase rising asset prices today.
January 17, 2007 Liquidity Dilutes!
Can inflationist US monetary policies continue without jarring consequences if capital no longer places a premium on US assets?
December 20, 2006 With Liquidity The Overriding Story Thematic Mariners Beware
As potentially dangerous amounts of liquidity in the marketplace congeal with a profound air of contradiction, attempting to smell out big theme opportunities is akin to trolling an overfished river at high noon: both the timing and location are unlikely to yield a catch.
August 25, 2006 Build It and They Will Come?
The needed price adjustment in home prices has yet to begin.
August 16, 2006 The Long-Term Consequences of The Long-Term Bailout
It is going to take another LTCM before the regulatory window of opportunity opens. The hope is that by then the working group on financial markets will be more concerned with the long-term integrity of the financial markets than about orchestrating another band-aid bailout.
May 19, 2006 Gold is a financial crisis call option
Gold is the best investment when US dollar hegemony is being tested, and it is only obvious investment for when US dollar hegemony ends.
March 6, 2006 Once upon a time the COT ruled
Since the current gold bull began in 2002 – or when the price of gold finally held above $300 an ounce - the Commitments of Traders report (COT) has been a crystal ball.
February 1, 2006 One Good(k)night does not a sweet prince make
Greenspan was largely a man of inaction that followed the Wall Street script.
May 12, 2004 Silver A Buy…The Jig Goes On April 7, 2004 Silver a Sell, Unless The Jig is Up
December 10, 2003 Final Dow 10,000 Party May Be Decades Away
June 10, 2003 Freddie and The Fed
January 10, 2003 The Unwinding of a Once Energized Consumer
The Stimulus brothers, Greenspan and Bush, may be able to keep the U.S. economy afloat a little bit longer. However, can any amount of stimuli stop the U.S. economy from soon sinking back into a consumer led recession?
September 2, 2003 The Hashimoto Factor
The United States needs foreign investment now more than ever before, and this is unlikely to change at any point in the foreseeable future. The U.S. economy and the bubbles inherent to its financial markets are only sustainable so long as foreign capital (and those who control it) is placated.
May 14, 03 OTC Derivatives: Risking an F for Prudence
August 26, 2002 Thumbs Down For Today’s Gladiatorial Investors
Those who are in the markets for all the wrong reasons blame CEOs, accountants, Wall Street analysts, and the economy for their misfortunes.
August 7, 2002 Even After Enron Change Comes Slowly, If At All
It is time for investors to worry that since Enron and Worldcom imploded nothing has really changed: the tough regulatory changes that are needed to ensure companies report clear and honest financial results under simple GAAP have not yet arrived, and cannot be seen coming on the horizon.
July 8, 2002 The Great Gold Conspiracy Has No End Game
Those that are skeptical of the great gold conspiracy need only ask themselves one question: is there a better way for central banks to successfully market their brand of money than to wipe out the competition?
March 25, 2002 The Pitt Bull With No Bite
Or why Harvey Pitt is unable to prevent the next Enron
February 26, 2002 Plunge Protection may Plunge the Economy into the loo
Unlike the America plunge protection team, which tends to undertake market manipulations incognito, the Japanese stock buying body's sole purpose is to openly support the financial markets.
Working Paper: August 14, 2001 Rationalizing the Irrational, Valuing the Intangible: Genealogy and the Inscription of the Stock Market
June 15, 2001 The Dow 30: Priced to Perceptual Perfection
May 25, 2001 Message To SEC: Attack Pro Forma Accounting
March 9, 2001 Abby Ignores Ominous P/E Patterns
Those analysts currently making bullish claims on equities do not quantify their predictions based on earnings. What the analysts do is provide a deterministic bull market model; biased theory grounded on the notion that investors will ultimately increase their risk premiums.
December 19, 2000 Read The Writing On Wall Street – Recession
The Dow Jones Industrial Average is the most exposed major grouping of stocks on the planet to a recessionary environment, and the fallout is just around the corner.
October 23, 2000 Unearned Earnings
As is often the case during a financial mania, people can be seen to euphorically clamor over statistics and economic indicators without inquiring into how those numbers were themselves generated.
September 18, 2000 Peaked Peaks?
March 24, 2000 Nasdaq 100: Don't Worry About The Soft Landing, Investors' Corpses Shall Deaden The Fall
February 10, 2000 You Either Believe Or You Don't