The Big Picture (blog) – Your Preview to Next Week’s Saudi ‘Day of Rage’ All eyes are on Saudi Arabia right now, especially on Wall Street, as an upcoming planned protest there could send shockwaves through global markets. Here are some items for investors to be aware of: 1. There are actually two planned protests… Continue reading Coming This Friday, The “Day Of Rage”
The Telegraph (UK) – Britain at risk of another financial crisis, Bank of England chief warns Britain risks suffering another financial crisis without reform of the country’s banks, the Governor of the Bank of England warns today. In an interview with The Daily Telegraph, Mervyn King says that “imbalances” in the banking system remain and… Continue reading Is Another Financial Crisis Coming?
Can This Guy Beat The S&P 500? Fortune – From Guns N’ Roses bassist to money manager The former Guns N’ Roses bass player says years of drug and alcohol abuse caused the rupture, which left him sidelined for months. As he recovered from the incident at home and sobered up, he found himself with… Continue reading A New Guest For CNBC?
<Click on chart for larger image> The Financial Times – Focus of US Fed remains on core inflation The European Central Bank cited higher commodity prices as a reason for “strong vigilance” on inflation on Thursday and one camp of economists, internal hawks and bond market critics would like the US Federal Reserve to do… Continue reading Perspectives On Inflation
<Click on chart for larger image> Zero Hedge (Blog) – On Charles Ponzi Day We Celebrate Another All Time Record In Food Stamp Usage Bernanke’s plan to recreate Libya in our own back yard is continuing to work magnificently. It is no surprise that on Charles Ponzi day, the update to food stamp usage indicates… Continue reading Food Stamps, The Great Recession’s Soup Lines
<Click on chart for larger image> Bloomberg.com – BlackRock’s Fink Says He’s a `Big Buyer’ of Dollars That Gross Says Avoid BlackRock Inc. (BLK)’s Laurence D. Fink, chief executive officer of the world’s largest asset manager, said he’s a “big buyer” of the U.S. dollar, which rival Bill Gross has urged investors to avoid. Fink,… Continue reading Billionaires Disagree About The Dollar
The Economist – The euro area’s debt crisis: Sovereign remedies The “grand bargain” may prove less grand in reality than in rhetoric FOR months now European leaders have been striving to get on top of the euro-area debt crisis. But as the deadline for a supposedly comprehensive and enduring solution nears—summits are due to be… Continue reading Europe
The New York Times – Budget Forecasts, Compared With Reality Just two years ago, surpluses were predicted by 2012. How accurate have past White House budget forecasts been? Comment Click on the graphic for an interactive look at the forecasting errors. Notice how most of the time the forecasts are too optimistic.
The Economist – The economy: Fits and starts Batten down the hatches, it’s going to be a stormy recovery IF AMERICANS have learned anything from their recovery, it is that nothing can be taken for granted. Growth may deliver new jobs, or it may not. Recovery may be under way, but a crisis on the… Continue reading The Economy
The Economist – Global house prices: Hong Kong phew-whee Our quarterly index reveals the world’s most overvalued homes But whatever those 31,000 agents say, Hong Kong homes are not a good deal, according to our latest global house-price index (see chart). In theory, the price of a home should reflect the value of the services… Continue reading Global Home Prices
Bloomberg.com – Faber Says Now Is Time to Buy Japanese Stocks After a 20-Year Bear Market After a two-decade bear market, now is the time to buy and hold Japanese stocks, Marc Faber, publisher of the Gloom, Boom & Doom report, said. Faber, who is credited with predicting the 1987 stock market crash and said… Continue reading Buy Japan!