On page 13 of the IMF Working Paper entitled Sovereign Debt Restructurings 1950–2010: Literature Survey, Data, and Stylized Facts, you will find this timeline on how to deal with the coming Sovereign Debt Default. Behind the Curtain, they know what is coming. They appear to be even using our timing. Numerous emails have come in asking about…
Of all the ridiculous reasons I’ve heard for pushing this astonishly overpriced market into higher highs is the “Santa Claus Rally”. What’s wrong with you people? I even checked in with some of the Barron’s luminaries; here’s their take on the notion of a Santa Claus Rally: Mario Gabelli: “Ghey.” Marc Faber: “Totally ghey.” Abby Joseph Cohen: “Gheyer…
An emergency fund is one of the most important strategies that any investor needs. As financial guru Dave Ramsey writes in his Seven Baby Steps for Getting Out of Debt, an emergency fund is necessary for “those unexpected events in life that you can’t plan for.” However well you plan, and even if you are…
Archer-Daniels-Midland (ADM) is the largest publicly traded farm products corporation with a market cap of $34 billion. The company is nearly 3 times larger than its closest rival, Bunge Limited (BG) which has a market cap of $13 billion. When I last analyzed Archer-Daniels-Midland, I was impressed with the management’s ROIC improvements and strong third quarter…
Written by Gary Gary is off , and the market open comes from our syndication partner Investing.com U.S. stocks fell at the open on Monday as manufacturing growth across Asia and Europe eased in November, while retailers could be pressured as Thanksgiving weekend in-store sales failed to impress. The Dow Jones industrial average (DJI) fell 44.31…
The Federal Reserve is reportedly on track to start raising interest rates next year, but the tightening is already underway if only in relative terms. Indeed, there’s a conspicuous directional change in the year-over-year comparison in the real (inflation-adjusted) monetary base. The substantial deceleration of the growth rate that’s been unfolding this year isn’t surprising…
One of the biggest advantages of Bitcoin is its user anonymity. Many analysts consider this to be one of the main reasons as to why it drew such extensive clientele. However, this supposed strength is about to be challenged as a group of cryptographers in Luxembourg recently released paper, singling out some glaring faults in…
Did Icahn just cover? Cramer’s view: “that’s silly” And no – there’s no catalyst – this is your most liquid efficient stock market in the world at work… and close-up
CLICK ON CHART TO ENLARGE Over the years Copper has been viewed as a leading global indicator for economic conditions and often stock market performance. The chart below takes a peek at year-to-date performance of Copper ETF (JJC), Freeport McMoran (FCX) and the S&P 500, showing weak performance in the Copper sector, with the opposite happening in…
Here is the big picture view of the 10yr-2yr Treasury yield spread with gold shaded in the background. People who successfully get through this bear market in gold will have done so because they tuned out hype like Indian and China demand (funny how promoters always tout the demand but never the supply, unless ranting…
