By David Galland, Managing Editor, The Casey Report
We recently received the following comment in our Q&A Knowledge Base.
Investors should be prepared to sell gold as either increased inflation expectations or doubts around debt sustainability force a sharp increase in US Treasury bond yields. Simply put, in an environment of high real interest rates, the allure of gold could disappear as quickly as it did in the early 1980s when Read More »
The Fed Must Stop Printing Money – Investor’s Business Daily
The Nancy Pelosi-Harry Reid Deficits – Stephen Moore/Wall Street Journal
With Tax Hikes, Look For the Union Label – Real Clear Markets
QE2, QE1.5 . . . Whatever – Kudlow/National Review
How Big Has the Government Grown Under the Obama Administration? – Wall Street Journal
By Michael Sankowski, Editor
Editor’s Note: I recently sent a quick note to our resident currency expert Michael Sankowski to catch up, and, in passing, I asked him where he thought the financial markets are headed. Well, that turned out to be a loaded question. Instead of a brief few sentences, the response that Michael e-mailed back was very lengthy indeed… but also very interesting. I wanted to pass on to you his Read More »
By The Daily Bell
The largest number of bank failures in nearly 20 years has eliminated jobs, accelerated a drought in lending and left the industry’s survivors with more power to squeeze customers … Some 279 banks have collapsed since Sept. 25, 2008, when Washington Mutual Inc. became the biggest bank failure on record. That dwarfed the 1984 demise of Continental Illinois, which had only one-seventh of WaMu’s assets. The failures of the Read More »
By John Browne, Senior Market Strategist, Euro Pacific Capital
Over the last two weeks, seemingly good economic news offered some shreds of optimism to a stock market that was desperate for a pick-me-up.
The week before last, the National Bureau of Economic Research declared that the US recession had ended back in June 2009. At the beginning of last week, news came in that month-on-month retail sales had risen by 0.4 percent. Combined with Read More »
By David Galland, Managing Editor, The Casey Report
Recently, we have had a number of queries about real estate. And no wonder. For starters, real estate prices have come down. Plus, in an environment with next to zero interest rates, the idea of possibly picking up some income-producing property on the cheap holds a certain appeal to some. Then there’s the fact that real estate is very much a Read More »
The New American Normal – NY Times
‘I’ll Work Till I Die’: Older Workers Say No to Retirement – CNN
TARP II: Banks and Business Don’t Want It – Kudlow/Real Clear Markets
They’re Playing Chicken With Tax Cuts – Investor’s Business Daily
Democrats in Denial About Unpopular Policies – Real Clear politics
Since WaMu Fell, 279 Lenders Have Collapsed; Lost Jobs, Curtailed Lending and the Big Get Bigger.
“The largest number of bank failures in nearly 20 years has eliminated jobs, accelerated a drought in lending and left the industry’s survivors with more power to squeeze customers.”
So reports the Wall Street Journal in a recent story about bank failures, their outlook, and their impact upon our economy.
As for the number of potential bank failures, we Read More »
U.S. Economy “Close to a Destructive Tipping Point,” – Yahoo
Savers Told to Stop Moaning and Start Spending in UK – Telegraph
Real Estate Faces Long Road Home – The Street
Ideology, Not Economics, May Be At Core of Tax Policy – CNBC
President Obama, Self-Deluded – Commentary Magazine
