Debt Crisis

Gold and the Sovereign Debt Crisis

Today news came in that more or less confirmed the double dip in housing. If you’ve read my blog, you knew the double dip was coming. Let the dumb money forever predict a recovery in housing. There’s not much to say about housing except that it is going nowhere for at least a decade. That will pose huge problems of its own, but that’s a discussion for another day.  Let’s talk…

The Fed Dilemma and Gold

I am starting to get bored tracking gold on a day to day basis. Not to oversimplify the gold market, but this usually means a major move is approaching. I expect gold to make a major move once the Fed clarifies its position on QE2. If the Fed matches quantitative easing expectations or less, I expect a brief sell-off. If the Fed opens up the spigots above and beyond expectations,…

debtcrisis

The Debt Crisis: What it All Comes Down To

The thing I value the most in life is freedom- the freedom to do as I choose (as long as I don’t infringe on anyone else’s freedom) and the freedom to think independently. People often ask me why I don’t want to work in the financial industry. My reply is that I relinquish my freedom as soon as I walk through those doors and don’t be surprised if my analysis deteriorates to the…

Misconceptions, Misrepresentations, and Illusions About Our Economy

I know I am in the minority in my opinion that big economic shockwaves are coming, which is fine by me, since there is some serious lack of understanding out there of how the economy and markets work. Need proof? How many people saw the “Great Recession” (read: Depression) coming, even though it was preceded by the most obvious bubble in history? Exactly, not many.  In time like these, you need to think…