… says Daniel Arbess, CEO of Xeriorn Investments, in a recent Wall Street Journal op-ed. The essence of his article is that debt crises take place when markets underwrite and buy too much bad debt and that the fixes for the 2008 World Financial Crisis (WFC) was the piling on of still more debt. The
It is not decided whether the housing industry is a coincident indicator of economic activity or a leading indicator. Yet when the housing industry slows, it is not a good sign.
Over the last two weeks, the Dow Industrials rose eight of the ten sessions, tacking on more than 800 points for a 3.2% increase and spreading optimism that the bull market is back on track. The Dow hit two records highs this week. According to the Wall Street Journal, investors seems less concerned about the
Morgan Stanley, a longtime establishment investment house, recently released a report on gold that stated: “We rarely use gold in our asset allocation, but occasionally there are opportunities and currently we see one of them.” Morgan Stanley & Co.’s global commodity strategist has a $1,300 per ounce price target on gold by year end.
As silver continues to touch new lows, bearish reports abound. One called it the worst investment ever. Really? The reasons to buy silver lie neither in the metal itself nor its many industrial and medical applications. Silver should be bought because it — along with gold – has for millennia been proven to be safe
David Stockman, Budget Director (1977-1981) under Ronald Reagan, offers unique analyses on today’s economic and political developments. Unlike a lot of analysts, Stockman has a grasp of the economic situation and political developments. He is a bear on stocks and on the economy. Below are links to recent Bloomberg interviews with him.
The stock markets seem oblivious to the Fed’s stated objective of higher interest rates, with some major averages making new highs and other just shy of new highs. However, some segments of the economy are already being impacted by higher rates, namely the housing market. Across the nation, home sales have declined four months in
Silver has hit $50 twice in my 45 years in precious metals bullion business, January 1980 and April 2011. Both times would have been excellent times to have sold. I did not see either and was not a seller. What will be the right move the next time silver hits $50, sell or hold?
Alan Greenspan, Federal Reserve chairman 1987 – 2006, says unfunded entitlement programs are the biggest threat to the dollar. Before discussing how to rectify this problem, consider just how big this problem is.
Historically gold puts in nearly 100% of its annual gain between early July and the end of February, which means that now, right in the middle of all the pessimism about gold (and silver), is the time to add to your precious metals holdings.