By Chris Puplava – The banking sector has taken an absolute beating over the last year as residential real estate losses surge and the penalty of lax lending standards comes home to roost. The sheer vertical lift off in delinquency rates...
When bond maven Bill Gross openly writes about it – as he did in his January Investment Outlook - it’s perhaps inappropriate to use the word “secret”.
If you feed-at-the-trough of the mainstream financial outlets, seldom does a day go by that you are not confronted with conjecture about whether the Federal Reserve will raise or lower rates.
From a Dow theory perspective, the primary bearish trend confirmation that occurred the on November 21, 2007 remains intact. According to Dow theory, it’s the close that counts and up until March 7, 2008, the averages have both been operating within the boundaries of the previous two secondary high and low points.
By Chris Puplava – One exercise that Brian Pretti from ContraryInvestor.com employs that is both insightful and fun in his writings is to ask readers if they would buy or sell a chart with the description removed; two such charts are...
By Chris Puplava – Barack Obama's campaign is running on the slogan, "Change we can believe in," which aptly describes the likely future state of the U.S. consumer. This is not an article on how the U.S. consumer is...
Since the rally out of the January lows began, I have heard it said on numerous occasions that the strength of the Transports somehow has bullish undertones and implies that the decline is over. The overall spirit of the comments I have been hearing has to do with the fact that the Transports have recovered more than the Industrials.
By Chris Puplava – The markets initially rallied off the retail sales report that came out last Wednesday as sales for January rose 0.3%, which was in stark contrast to the consensus expectations of a 0.3% decline.
Folks should understand that all fiat money is loaned into existence. Thus, when fiat money is ‘created,’ explicitly, the principal sum [loan] is created out of thin-air, but the interest to be repaid is not.
Just as the equity markets were pushing into their anticipated turn point in late January, the Fed makes a 75 basis point cut of the Discount rate. This was the most aggressive rate cut since August of 1982. The very next week at the regularly scheduled Fed meeting they cut yet another 50 basis points.