For the second time in four years, the Republican Party has blown a presidential election through the choice of a running mate. What little chance the GOP had in winning the election has gone up in smoke with the selection of Wisconsin congressman Paul Ryan to join the ticket. Think of him as a Sarah
Gold has clearly evolved into a call option on global quantitative easing. Don?t think of it just as the stuff your dentist puts in your teeth or the thing your girlfriends gets you to wrap around her finger anymore. I don?t think that the Federal Reserve will implement QE3 at its September 16-17 meeting, or
?Liquidity is not a financial term, it is a psychological term,? said former Federal Reserve governor Alan Greenspan.
If volatility and lack of direction in the equity market are driving you nuts these days, thank your lucky stars you?re not in the oil market. Only last night, a Japanese supertanker plowed into a US Navy destroyer, causing prices to spike. That?s assuming that you had time to notice while sifting through numerous, contradictory
During my recent trip to Europe, I made another startling discovery about the woeful state of America?s 19th century health care system. I needed to get refills on my prescription drugs when I was in Zermatt, so I stopped by the local pharmacy and placed an order. This was for three different a typical guy
?There will be much more printing of money because central bankers are willing to do that. This does solve problems, it postpones them so they can become larger,? said Mark Faber, publisher of the Gloom, Boom, and Doom Report.
The stock of the day last Friday was, no doubt, JC Penny (JCP), one of the most heavily shorted stocks in the market, which announced Q2, 2012 earnings. Despite a huge miss, the stock soared by 20% because the losses were not as bad as many expected. This leads to the question of whether traders
I am a UH-1Y Huey helicopter pilot in the US Marine Corps. I am currently deployed aboard the USS Boxer as a Forward Air Controller with Battalion Landing Team 1/1, 13th Marine Expeditionary Unit. Our area of responsibility is the Middle East, which is where I?m writing this from now. I have been a follower
?I used to tell lies. But I?ve given it up, because the field has become overrun with amateurs,? said the great American 19th century humorist, Mark Twain.
Welcome to the ?Heads I win, tails you lose? market. The prospect of imminent quantitative easing by the US, Europe, China, and even Japan is supporting asset prices globally. The worse the economic data reports, the greater the likelihood of such action, and the higher prices can rise. In this topsy turvey world, bad becomes