While the press core is enthralled at the prospect of the Obama administration’s renaissance (no matter how unlikely), and statiticians pour over census data, most normal Americans are making last-minute preparations for Christmas gatherings. Not the number crunchers over at Moody’s though. While admittedly it was a dud, they fired a shot across the political [...]
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- Tags: debt, Obama, rating agencies, sovereign debt
When German Eyes Are Crying
“Germany cannot keep paying for bail-outs without going bankrupt itself,” said Professor Wilhelm Hankel, of Frankfurt University. Daily Telegraph (Ottowa Citizen) Well, I guess we’ll find out. Despite significant opposition from the actual citizens of Germany, the bailouts seem unlikely to stop for the time being. You see, the bailout-proponents wisely set aside a lump [...]
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- Tags: ECB, EU, Euro, Irish bailout, Nigel Farange
A Spooky Week
As the trick-or-treaters darted from house to house under a waning crescent, seeking to mount up chocolate treasure, the markets have bided their time – seemingly for ages. In all likelihood, the market is done treading water and (perhaps after a false start) will again pick its direction. Dial L for Landslide With likely voters overwhelmingly [...]
Going Negative
No, the title doesn’t suggest politics – although it easily could. Something far scarier is afoot. Today, the federal government conned investors into buying bonds which pay negative 0.55%. There is, of course, more to the story, as these were inflation-protected securities (TIPS). Investors were hungry today for the bonds, pushing the prices up – [...]
It’s All Greek to the Chinese
These days, investors are being diligent to try to find a solid investment. Well, so much for that – but if you can’t beat ‘em, join ‘em. So, for the non-small investor, one of the closest things to a sure bet would seem to be shorting Greek bonds. The government has never shown restraint. The [...]
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- Tags: China, ECB, Euro, Greek bonds
Free Money With Dividends
It’s no secret that the stock market has gone nowhere for a decade and that interest rates are so low that money is essentially free. Armed with this knowledge, investors are exploring alternative avenues of building wealth – or at least preserving it. All companies are predicated on the fact that they put money to [...]
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- Tags: dividends, federal reserve
Krauthammer Invokes Buckley
William F Buckley, Jr. usually casts an unseen and unmentioned shadow upon the American political landscape. So when he is invoked by name to reinforce an argument, we should perhaps all listen a bit more closely – but certainly skeptically. In this case, it’s Charles Krauthammer who calls forth the invocation: Unfortunately for Krauthammer, invoking [...]
August Treasures
Wouldn’t It Be Loverly? Usually when there are rumors flying around the internet about commodity intrigue, with deliveries potentially causing a shortage and a subsequent price spike, we are talking about gold or silver. In this, very unusual case, we are talking about… chocolate. An originally mysterious investor stood for delivery on a massive number [...]
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Fed Zigs, Hoenig Zags?
More often than not, the Federal Reserve presents a united front in as many of their statements as possible. So we should take notice when – like now – there is a high profile departure from the consensus opinion. “Monetary policy is a useful tool, but it cannot solve every problem faced by the United [...]
The Coin Craze?
Welcome to the world of bullion coin investing, a business that has soared alongside the popularity of gold despite its disadvantages… MarketWatch (emphasis added liberally throughout) This certainly caught my eye. I wondered, just what were the disadvantages? Surely, I could read on and be informed of these. The coin craze is part of gold’s [...]
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- Tags: gold, Jon Nadler, pool account
