Tag: Treasuries
ANNOUNCEMENT I have now launched my revamped website and is now live and I invite you to take a look. We have made it more contemporary and in tune with modern tastes. But the ‘guts’ remains the same – a shop window on my remarkable and
In a previous post The Oil Price is Suddenly Hot News – Has it Topped?, I pointed to the manic extreme bullish posture of hedge funds in the crude oil bubble which was waiting for the pin to arrive. It duly arrived on Friday. It
Last time, I explained at length why your views are not nearly as important in forecasting the price path as that of the other traders. Unless you have more funds available than hedge funds, central banks and governments put together, your trading will have precious
US short term interest rates are still rising fast. Last year, I noted this process was starting and suggested that the soaring stock market would one day soon take note. And on January 29, the Dow and S&P finally got the message. Better late than
Last week, the Dow declined by 1,600 points in just four days. That was not quite the record of 2,400 points weekly decline earlier in February, but it was in the same direction – down. I hope that gives a clue which direction the stock
I confess I am sick and tired of an all too common complaint out there in Punditland. I’m sure you too have been subjected to this pathetic admission – here is an example I came across today: Although I have been investing in precious metals
Ever since the big crash of 2007 – 2009, I have been forecasting a deflationary depression for the global economy. I realise this is a very bold call. Some would even say it is totally nuts given today’s ‘Goldilocks’ economy.. What could possibly go wrong?
It must be great to be at the annual shindig at Davos every winter, mixing with the bigwigs of global finance and politics and receiving all their pearls of wisdom. Or not. Since I am rarely invited, I have the luxury of noting the prevailing
Yes, and one day the exuberant stock market will take note. Here is my updated chart of the 3-mo T-Bill yield Remember, this is a market-driven rate (as opposed to the Fed-imposed Fed Funds rate – the only rate they really can control, and they
Apologies to Rogers and Hammerstein, but today, I thought I would review some of the bubbles in various markets – many of which appear to be bustin’. It appears last week may well go down in the annals of market lore that marks secular highs
I rarely read about someone in the MSM who embraces the notion that we humans do not base our decisions on rationality, but on emotion. Of course, this destroys in one fell swoop the basis on which economic theory as taught in universities! The latter