Clik here to view.
A PLEA TO THE MEDIA: Please Ignore Simpson And Bowles For Just The Next Two...
There was an incident on Fox Business yesterday, where anchors Liz Claman and David Asman got upset because they were supposed to interview Alan Simpson and Erskine Bowles, who canceled at the last...
View ArticleClik here to view.
ROSENBERG: I'm Starting To See Capitulation
David Rosenberg of Gluskin Sheff has been bearish on the economy for as long as we can remember.But in his latest note to clients, he writes that he's starting to see capitulation, which is when...
View ArticleClik here to view.
Here's Why The Cracks In The Junk Bond Market Could Be Ominous For Stocks
The market for junk bonds – or high yield debt – has been on a tear as investors have poured money into the asset class.But that market has recently started to show some cracks.Bloomberg's Lisa...
View ArticleClik here to view.
A Precondition For Hyperinflation Is Upon Us
I was a super bull of long-term bonds. I stated my case over 3 years ago with a yield target on 30-year maturities of 2.5%. Back then, the timing and structure looked right for another run to new...
View ArticleClik here to view.
Greek-Owned Ships Transport 20% Of The World's Seaborne Cargo, Yet Contribute...
Der Spiegel's Julia Amalia Heyer recently interviewed a couple of Greek shipping magnates about what it's like to be rich in a floundering country. Leon Patitsas, a 36-year-old heir to a shipping...
View ArticleClik here to view.
How A Committee Of Financiers Decides When A Country Is In Default
If Argentina doesn't pay the bondholders that are suing the country for sovereign debt dating back to 2001, it could go into default.But someone has to officially determine that the country is in...
View ArticleClik here to view.
There Is A Modified Version Of The 'Gundlach Trade' That's Even Better Than...
Earlier this year, Jeffrey Gundlach presented a number of interesting contrarian pairs trades at the Ira Sohn conference. Six months out, they have done extremely well. Basically, they were mean...
View ArticleClik here to view.
CHART OF THE DAY: A Huge Part Of The Fiscal Cliff Is Something That's Barely...
This is a very useful chart here from Deutsche Bank breaking down various components of the so-called "Fiscal Cliff," the series of spending cuts and tax hikes that will kick in on January 1.It might...
View ArticleClik here to view.
There Is A Shale Oil Field Under Santa Barbara Four-Times Bigger Than The Bakken
In the wake of the International Energy Association's extremely bullish report about America's hydrocarbon potential, the San Diego Union Tribune has published an editorial calling on California Gov....
View ArticleClik here to view.
China's New Leaders Will Push Land Reforms To Boost The Economy
Along with abolishing China's one-child policy, privatizing rural land is said to be another top reform for China's new leaders.Bank of America's Ting Lu writes that the key to urbanization is...
View ArticleClik here to view.
STOCKS MAKE COMEBACK AFTER FISCAL CLIFF MEETING: Here's What You Need To Know
Fiscal Cliff talks kicked off today.First the scoreboard:Dow: 12,588.31, +45.93, +0.37%S&P 500: 1,359.88, +6.55, +0.48%NASDAQ: 2,853.13, +16.19, +0.57%And now the top stories:Industrial production...
View ArticleClik here to view.
China's Tried To Hide One Bizarre Rumor About Why Xi Jinping Was Late
This week, desperate observers waiting to meet China's Politburo Standing Committee (PSC) were forced to stay up late after Xi Jinping and his six PSC colleagues were nearly an hour late.The delay...
View ArticleClik here to view.
MARC FABER: 'I Keep In My Toilet A Picture Of Mr. Bernanke'
What Marc Faber said in Hong Kong this week…YOU ALWAYS get great presentations from the biggest players in gold and silver at the annual London Bullion Market Association conference.Being in Hong Kong...
View ArticleClik here to view.
TIM GEITHNER: I Think We Can Get A Deal Done In The Next 'Several' Weeks
Treasury Secretary Tim Geithner said Friday that he thinks a deal to avert the so-called fiscal cliff is possible within the next "several weeks," hours after he was involved in a meeting with...
View ArticleClik here to view.
ART CASHIN: We Are On The Verge Of A Major Currency War
The world's central banks —including the Federal Reserve, the European Central Bank, The Bank of England, and the Bank of Japan — have all pursued easy monetary policies in their efforts to stimulate...
View ArticleClik here to view.
An Economic Lesson From Hurricane Katrina
In studying the data for my latest Big Four Economic Indicators update, I wondered how much impact Hurricane Sandy might have had on the economy in October and what to expect in the months ahead. I...
View ArticleClik here to view.
Buyers Are Lining Up For A Piece Of Hostess Brands
Nov. 17 (Bloomberg) -- Hostess Brands Inc., the bankrupt baker of Twinkies and Wonder bread, may attract bids for its brands from rival Flowers Foods Inc. and private equity firm C. Dean Metropoulos...
View ArticleClik here to view.
In 6 Weeks, A New Dividend Tax Will Smack Rich People Upside The Head
Unless Congress intervenes, taxes are set to rise significantly on January 1st, when we hit the "fiscal cliff."Most of the focus of this tax increase has been on income taxes.Income taxes for incomes...
View ArticleClik here to view.
Cheer Up America, The Economy Is Much Better Off Than You Think
Barely had the counting ceased in last week's presidential election when the news took a somber turn.Two of the next day's headlines read "Back to Work, Looming Fiscal Crisis Greets Obama" and my...
View ArticleClik here to view.
RAIL TRAFFIC: Still Showing Signs Of Economic Softening
More of the same here. Rail traffic is still expanding, but showing definite signs of sluggishness. This week’s reading of 1.9% brought the 3 month average to 2.6% growth. That’s certainly in-line...
View Article