Saturday , 18 May 2024

U.S. Real Estate? Fuhgeddaboudit for Another 5 Years! (+2K Views)

Real estate has definitely not bottomed in the U.S., and probably not anywhere else either. You have to take a long-term view of this. At this point in time I am completely uninterested in speculating in U.S. real estate – and I don’t foresee being interested for at least five years. I reserve the right to change my mind, but I think it’ll be at least five years. Words: 1340

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Coxe: Gold is an Excellent Place to Hide (2K Views)

Gold has been the best-performing major commodity since the financial crisis began and we see no big reason why that outperformance should be over. After its breathless run to $1220, it’s entitled to correct back toward $1,000—or even a bit below that chiliastic level—without ending its bull market. Words: 707

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Sovereign Debt Defaults Now Possible/Likely? (+2K Views)

Governments the world over have spent the past year bailing out, backstopping, insuring, and stimulating their financial sectors and economies throwing around trillions of dollars, euros, yen, and pounds like Halloween candy. Officials have assured us there’s little risk to that strategy but I believe that the opposite is true - that if you borrow and spend too much, all you’re going to do is transform a Wall Street debt crisis into a Washington debt crisis. Words: 882

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Bond Market on Brink of Collapse (+2K Views)

Secretly, the Fed is in a panic to ward off a bond market collapse! They know that, sooner or later, they MUST send the message that they're serious about cutting back on their mad money printing. The danger of course, is that foreign investors will get an entirely different message: that Washington's efforts to fight the most severe recession since the Great Depression are waning. If that happens, you could see turmoil — not just in the bond market, but in every asset class imaginable. Words: 770

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What is Shale Oil? (+3K Views)

People often say: “You can’t squeeze blood from a stone.” However that’s exactly what shale oil is. An alternative fuel, created by squeezing our planet’s proverbial “Life Blood” out of rock. Words: 1066

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