Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day...
Read More »
Forget inflation: Is deflation the real threat?
By John Waggoner, USA TODAY
Updated 17h 35m ago Comments
But a growing number of economists and money managers are starting to worry about the opposite of inflation: deflation, a period of falling price...
Read More »
Ben Bernanke's zero-interest rate policy (ZIRP) and command-economy efforts to maintain mispricing of risk, debt and assets are destroying capital and capitalism. No wonder his policies have failed so miserably.
To understand why Federal Reserve C...
Read More »
An old pearl of wisdom from the Great Depression held that investors should have known it was time to sell when shoeshine boys started handing out stock tips. The day traders of the late-1990s were a recent version of the same phenomenon. When the ...
Read More »
By William K. Black(Cross-posted from Benzinga)Sixty Minutes’ December 11, 2011interview of President Obama included the following gem:KROFT: One of the things that surprised me the mostabout this poll is that 42%, when asked who your policies favor ...
Read More »
It’s time to start calling the current situation what it is: a depression. True, it’s not a full replay of the Great Depression, but that’s cold comfort. Unemployment in both America and Europe remains disastrously high. Leaders and institutio...
Read More »
If you haven't heard of him, think of Steve Keen as the Nouriel Roubini of Australia: a vocal economist who pissed people off for predicting the recession before it happened, and is still pissing people off predicting further economic crisis.
In f...
Read More »
Dow, S&P Log Worst Thanksgiving Week Since 1932
Published: Friday, 25 Nov 2011 | 1:10 PM ET
By: JeeYeon Park
CNBC.com Writer
Stocks closed in negative territory in thin, shortened trading Friday as investors were reluctant to go long ahead of the wee...
Read More »
If you have read The Wall Street Examiner you have read Lee Adler comparing the trading pattern we are under to 1973: where seasonal “go to” trades lost money; where the Santa Rally was cancelled after the October rally fooled everyone.
Read More »
For weeks now I've been telling you the markets are broken.
Now I'm going to prove it.
Today I'm talking about the housing market. It's broken. The truth is Congress broke it. Of course, it had help from mortgage originators, banks, and a deliriously greedy public.
The megaphone pattern in the U.S. stock market typically presages a major decline or full-blown crash.
Market observers have long noted that increasing volatility presages market crashes. If you glance at a chart of September-October 1929, just b...
Read More »
Memo to the Super Rich, your high-paid lobbyists and your no-compromise political puppets whose sole mission is destroying the presidency: Yes, you are succeeding. You’re also killing the economy. ...
Read More »
This is just bad news for the conomy, the weakness being simply profound. Stock indices careening into a huge hole. Bonds prices through the roof! Lower rates mean absolutely nothing for mortgage owners that are underwater on their loan. Epic misery! F...
Read More »
Rob Arnott says we're in the worst depression since the Great Depression and the Fed may be making things worse. Arnott, who oversees $80 billion at Research Affiliates, tells King World News:
When real interest rates are 2%-4% and inflation rates ...
Read More »
This much can be stated categorically about the USA these days: the more distressed our conomy gets, the more delusional thinking you will encounter. People want to assign the cause of their misery to this or that (socialism, abortion, Jews, the New...
Read More »
Standard & Poor’s is giving a higher rating to securities backed by subprime home loans, the same type of investments that led to the worst financial crisis since the Great Depression, than it assigns the U.S. government.
S&P is poised to provide ...
Read More »
Record State Budget Shortfalls Likely To Drag Down The Private Sector For Years
First Posted: 8/29/11 12:50 PM ET Updated: 8/29/11 01:08 PM ET
WASHINGTON -- While the current economic downturn is often referred to as the worst since the Great Depre...
Read More »
http://www.pbs.org/wgbh/pages/frontline/warning/view/
In The Warning, veteran FRONTLINE producer Michael Kirk unearths the hidden history of the nation's worst financial crisis since the Great Depression. At the center of it all he finds Brooksley Bor...
Read More »
August 12, 2011
Aftershock to Economy Has a Precedent That Holds Lessons
By JAMES B. STEWART
Like earthquakes, financial crises seem to be accompanied by aftershocks, like the one we’ve been living through this week. They can feel every bit as bad a...
Read More »
Here's all you need to know about the current paralysis of Fed monetary policy. The FOMC is officially forecasting an unemployment rate of 7.8%-to-8.2% by the end of 2012----3 ½ years into the "recovery"---and has decided it cannot do anything abo...
Read More »
It's official: The housing crisis that began in 2006 and has recently entered a double dip is now worse than the Great Depression.
Prices have fallen some 33 percent since the market began its collapse, greater than the 31 percent fall that began i...
Read More »
If this week's economic reports showed us anything, it's the fact that two years into what's supposed to be an economic recovery, the U.S. housing market remains on life support.
But here's what those reports didn't tell you: If the housing market isn't fixed soon, it's going to drag...
Read More »
May 20, 2011
The S&P 500 closed the day down 0.77% and the week down 0.34%. The index is 97.1% above the March 9 2009 closing low but 14.8% below the nominal all-time high of October 2007. Here are two charts of the index — with and without th...
Read More »
May 19, 2011
The S&P 500 closed the day up 0.22%, trimming the month-to-date decline to 1.47%. The index is 98.6% above the March 9 2009 closing low but 14.2% below the nominal all-time high of October 2007. Here are two charts of the index — ...
Read More »
May 18, 2011
The S&P 500 closed the day up 0.88%, trimming the month-to-date decline to 1.68%. The index is 98.2% above the March 9 2009 closing low but 14.3% below the nominal all-time high of October 2007. Here are two charts of the index — ...
Read More »
May 16, 2011
The S&P 500 closed the day down 0.62%. Of the eleven market days so far in May, there have been seven closing losses for a month-to-date decline of 2.5%. The index is 96.5% above the March 9 2009 closing low but 15.1% below the nominal ...
Read More »
Twitter links powered by Tweet This v1.8.3, a WordPress plugin for Twitter.
Wrong Again: Why Experts’ Predictions Fail, Especially About the Future
Michael Shermer. Wrong Again: Why Experts' Predictions Fail, Especially About the Future Posted: 1/5/12 12:03 AM ET With the first week of 2012 upon us it is time to reflect on that favorite pastime of soothsayers and scientists alike: predicting the...
Read More »