Financial Markets Panic, Euro Riots Rage, While US Obsesses Over Gay Marriage
May 17 — World stocks register double digit losses as worries grow that Greece may exit the single currency union. The escalating eurozone debt crisis and deepening economic slowdown in China are crashing commodity prices. After promising it would not bail out anymore banks, depression ravaged Spain is bailing out Bankia, it’s fourth largest lender. Day after day, week after week, massive citizen protests erupt in depression/recession ravaged cities across Europe. Read more.
Harvard’s Feldstein: 'More Air Is Going to Come Out of the Stock Market'
May 17 — Two weeks ago, Harvard economist Martin Feldstein said stocks are in a bubble, and now he maintains that the bubble hasn’t fully burst.
The Federal Reserve’s accommodative monetary policy has kept long-term interest rates near record lows, fueling the bubble, Feldstein tells Yahoo.
Already, "a lot of air has come out of the stock market," he says, with the Standard & Poor’s 500 Index falling 5 percent since Feldstein’s earlier pronouncement.
Read more: Harvard’s Feldstein: 'More Air Is Going to Come Out of the Stock Market'
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How 31 Financial Luminaries Plan to Profit in the Coming Months and Years
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Jim Rogers: 2013 to Be Bad, 'God Knows What Will Happen in 2014'
May 15 — If investors think 2012 isn't going their way, they need to brace for a bumpy ride, international investor Jim Rogers says. The global economy and markets are set to dive in 2013 and get worse in 2014 before getting better, says Rogers.
Election-year politics and loose monetary policies will keep the economy afloat this year, but get ready for a sell-off. "2013 will be very bad. God knows what will happen in 2014," Rogers told Fox Business Network. Read more.
Bill Gross: Time Is Running Out for Treasury Market Rally
May 15 — The time where investors are no longer willing to accept negative yields on U.S. Treasurys is near, warned Bill Gross, manager of Pimco, the world’s largest bond fund.
“With the U.S. suffering a credit downgrade to AA+ and offering negative 200 basis point policy rates for the privilege of investing in Treasury bills, the willingness of creditors — as opposed to debtors — to support the existing system may soon fade,” Gross wrote in a Financial Times editorial published on Tuesday. Read more.
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The Dangers of the Fed and the Importance of Sound Money
May 14 —
David Rosenberg: Fiscal Nightmare Looms
May 14 — The U.S. needs to take urgent fiscal action before year-end to avoid a crisis, say economic luminaries such as David Rosenberg of Gluskin Sheff and Mohamed El-Erian of Pimco.
The problem is that without congressional action, the Bush era tax cuts are set to expire Dec. 31, and billions of dollars of spending cuts are slated to take effect next year. Read more.
John Hussman: US Falling Into Recession Right Now
May 14 — Economist and fund manager John Hussman says we are entering a recession now.
"The joint deterioration in the growth of real personal income, real personal consumption, real final sales, and employment, coupled with our inference of leading economic pressures from 'unobserved components'
methods, creates not only the concern but the expectation that the U.S.
economy is entering a recession — not a quarter or two from today, but most likely at present," Hussman writes in a note to investors. Read more.
The Latest from Jim Rogers
May 13 —
05/16/12 - 14 Elliott Wave Trading Insights You Can Use Now
Triangles offer an important piece of forecasting information 05/11/12 - Germany's Mixed Signals
Last week's media headlines focused on how the election results in France and Greece reflected a wave of rising public resistance across Europe to the austerity programs being championed by Germany, the IMF, and the EU. Less notice has been given to Germany's internal revolt against Chancellor Angela Merkel's conservative policies at home and abroad. Elections in the north German state of Schleswig-Holstein just ended the dominance there of Angela Merkel's Christian Democrats (CDP/CDU) while emboldening the center-left Social Democrats (SDP), hard-left Greens, and libertarian Free Democrats (FDP). Those results are expected to be repeated at this Sunday's ballot in North Rhine-Westphalia, Germany's largest state.
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05/15/12 - The All-Important Question
For pretty much everyone, no matter where they are located in the economic strata, few if any questions are more germane to making plans for the future than whether the US and other major global economies are in recovery. Getting the answer to that question right is of special importance to investors and businesses. 05/09/12 - Rick Rule’s Primer on Contrarian Speculation
In an interview with Louis James, Rick Rule provides an excellent summary of what contrarian speculation investment is and makes a powerful case that the current metals climate means gold stocks are the play to make. |
