Jesse Livermore, the world’s greatest trader used to say, “Remember, the market is designed to fool most of the people most of the time. Sometimes, the market will go contrary to what speculators have predicted.
By Chris Puplava – It has been one year after the credit crisis took center stage last summer and heralded the market top that took place months later in October. Since that time the markets have begun to do something...
I’ve been concerned about the state of the U.S. economy for several years, but only recently has mainstream America started waking up to the severity of the crisis.
As these words are written, Russian mechanized troops are moving against the Republic of Georgia. The Georgian leadership has been taken by surprise. They did not think the Russians would go this far.
For a long time, there was a popular delusion among highly paid Wall Street “strategists” that the rest of the world would be relatively unaffected by an economic downturn in the U.S. Even though America accounted for a quarter of global gross domestic product...
By Chris Puplava – The credit crisis and stock market roller coaster ride over the last year and a half have introduced many new acronyms many have never heard of before (CDOs, CDS, CLOs, etc.) and brought out the wit of the financial industry.
Let me take you to a magical land called NannyState, where once upon a time everyone was happy, inflation was low and real estate always went up. Or did. Times are a’ changing in NannyState and all is not well.
The implications of Mother Goose’s nursery rhyme first printed in 1810 is that the great and good of the land (the horses naturally rank as the good) had no other priority than to repair Humpty and reinstate him on the wall.
Set against the magnitude of credit cycle issues of the moment that indeed have very meaningful implications for what will be the reality of domestic economic outcomes ahead, questions have arisen as to whether we are now facing a relatively run of the mill bear market for equities or perhaps a bear of generational proportion.
