Goldman Sachs made big waves last week when they said the market was “overvalued”. Apparently, they were barraged by questions and concerns over this commentary and the following clarification [ … ]
A Friendly Reply on Hyperinflation
Our friend Vince of the website “how fiat dies” has a long history of predicting hyperinflation in the USA. I’ve taken the other side of this position for as long [ … ]
BOE Research: QE Works Best When Markets are Under Duress
When you study QE you really need to account for how it’s implemented and in what environment it’s implemented. I’ve long stated that QE1 was probably much more effective than [ … ]
More Tapering to Come at January Fed Meeting
Federal Reserve spokesman John Hilsenrath gives us the inside scoop on what’s likely coming down the line at next week’s meeting. He says the Fed is likely to cut its [ … ]
“The function of education is to teach one to think intensively and to think critically”
“The function of education is to teach one to think intensively and to think critically. Intelligence plus character – that is the goal of true education.” – MLK
“sentiment, rather than fundamentals [is] driving the markets higher.”
the disproportionate amount of gains attributable to multiple expansion versus gains attributable to earnings is a clear sign that sentiment, rather than fundamentals, may be the dominant force driving the markets higher….
Me, Peter Schiff, Jim Rickards and James Galbraith on the Same Show….
What else do I need to say?
Rail Traffic Slips
Rail traffic fell in the second week of the year with intermodal recording a -6.7% reading. This was the worst reading since early December. This brought the 12 week moving average to 6.77%.
The Most Interesting Aspect of Bitcoin as Money….
Bitcoin and the digital currency craze appears to be gaining more and more traction. But we have to ask ourselves why this is occurring? After all, Bitcoin isn’t backed [ … ]