Inflation

  • bubble

    Are All Assets a Bubble?

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  • buzzy

    Is the Timing Right for a Gold Rally?

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bubble

Are All Assets a Bubble?

Over the weekend I read a Wall Street Journal article about how all assets – bonds, stocks, gold, commodities- were rising and how this was a) an anomaly and b) how it reflects confidence in Central Banks. I got a good laugh out of this because rising domestic asset prices reflect the exact opposite; namely an utter lack of confidence in Central Banks. Are wealthy Europeans purchasing high-end real estate in…

buzzy

Is the Timing Right for a Gold Rally?

The biggest problem most investors have is timing. I think a price target of $3000 is conservative, but this does not mean I am backing up the truck yet. A retest of highs is likely as far as I’m concerned, but I am still not going all-in for a 12% gain. I believe there will be better entry levels. This is not the all-in moment in gold. The all-in moment…

Government Stupidity Now Moving Markets

Gold up $70, the Nasdaq down 4%, the VIX up 20%: these are the effects of government stupidity. Our leaders, most notably President Obama, had a golden opportunity to inspire confidence in Americans by coming together on a debt deal that made sense. Instead, politicians confirmed  they are bungling buffoons that have no clue. This is not a drop in confidence, this is a collapse in confidence. There’s a difference….

Why Stocks Will Rally

Regular readers of this blog know that I like to take reasonable contrarian stances; I don’t go against the crowd for the sake of it.  That being said, I know people are turning bearish on the economy and stocks, especially with the current impasse on the debt ceiling issue. Although I’m bearish on stocks in the short to intermediate term, I’m very bullish long term (5-10 years). Let me briefly explain…

Gold Hits Record Highs

It’s amusing to me that we live in such times of deception where people try to deny blatant truths. It’s just amazing that the government can claim our economy is out of recession when unemployment has risen this year from 8.8% to 9.2% and housing has double dipped. Coming out of recessions, we are supposed to be experiencing explosive growth;  not average growth, not below-average growth, but explosive growth. If…