If you’re going to be invested in a single metal this decade, my advice is to back copper. Specifically – companies that are sitting on long-life, high-quality copper resources. He dropped out of the spot light for a while there, but ‘Doctor Copper’ is making some big moves again.
September 22nd, 2010 | Dr. Alex Cowie | 7 comments | ContinuedAll Posts Tagged With: "economic"
A Contrarian View
Back on the 24th August I warned of an imminent sell off because the market was resting on some important technical levels. This view turned out to be wrong. The market found support at these levels and has rallied strongly since. So does that mean I have changed my view on the markets and become bullish?
September 21st, 2010 | Murray Dawes | 1 comment | Continued
Bernanke Drops the Ball Again
Notwithstanding some important steps forward, however, as we return once again to Jackson Hole I think we would all agree that, for much of the world, the task of economic recovery and repair remains far from complete… Central bankers alone cannot solve the world’s economic problems.
September 21st, 2010 | Rob Parenteau | 0 comments | Continued
Long-Term Investing: Gold Versus Stocks
Should you buy gold? Again, it depends on what you’re trying to do. Here at The Daily Reckoning, we don’t encourage speculation. So if you buy gold in the hope of making a lot of money, you’re on your own. We don’t recommend it. Gold could go up…or down.
September 21st, 2010 | Bill Bonner | 1 comment | Continued
Chinese Dollar Torture
Recently, the US Treasury Department released data showing an 11% decline in official Chinese holdings of US government bonds during the past year. For US dollar holders, this is a troubling trend. Not so much for those holding gold. To put it simply, the Chinese government isn’t adding to its US bond position…
September 20th, 2010 | Byron King | 6 comments | Continued
Millionaire Factory Misfires
The Aussie market is up 2.77% since the Federal election on August 2nd, if you’re using the ASX/200 as your proxy. This whole “not having a government thing” is working out well for investors. It turns on the uncertainty of having no-one in charge is better than the certainty of having someone in charge. Maybe that will all change this week, though. To begin with, the jobs data from the U.S. gave the market a positive lead. We’re not sure this matters one little bit.
September 6th, 2010 | Dan Denning | 1 comment | Continued
The Best Way to Bet on America
There is lots of ugly economic news out there, but one key bright spot is world trade. In the US, one particular industry will enjoy windfall profits from exports this year. That industry is agriculture. In 2009, world trade took a big hit in the wake of the financial crisis. Global exports fell 12%.
September 1st, 2010 | Chris Mayer | 49 comments | Continued
The Summer the Recovery Went Missing
THE American economy is once again tilting toward danger. Despite an aggressive regimen of treatments from the conventional to the exotic – more than $800 billion in federal spending, and trillions of dollars worth of credit from the Federal Reserve – fears of a second recession are growing…
August 31st, 2010 | Bill Bonner | 0 comments | Continued
Earnings Aren’t What They Used to Be, Part II
They just don’t make earnings like they used to. In many industries, the quality of earnings has deteriorated in recent quarters. Banks are among the worst offenders. On the downside of the biggest credit cycle in history, many banks are slowing the pace at which they’re provisioning for credit losses.
August 25th, 2010 | Dan Amoss | 0 comments | Continued
Exporting Economic Growth
Nothing much happened on Wall Street Friday. Gold…stocks…held more or less where they were. So, we take up another week…wondering…waiting…trying to puzzle out what is going on. Just like every other week! Economists are finally beginning to ask questions. How come the economy isn’t doing better?
August 17th, 2010 | Bill Bonner | 0 comments | Continued
More Debt to Fight the Correction and Other Absurdities
Federal Reserve officials decided to reinvest principal payments on mortgage holdings into long-term Treasury securities, making their first attempt to bolster growth since March 2009 to keep the slowing US economy from relapsing into recession.”The pace of economic recovery is likely to be more modest in the near term than had been anticipated,” …
August 12th, 2010 | Bill Bonner | 0 comments | Continued
The Economic Recovery Flop
After 18 months and $2.5 trillion in counter-cyclical budget deficits, people have begun to realize that the ‘recovery’ is a flop. What they haven’t realized – yet – is why. But, it’s summer…no one is doing too much thinking now. Obama went for a vacation in Maine. Hillary married her daughter. Economists are fishing.
August 10th, 2010 | Bill Bonner | 1 comment | Continued
US Treasury Secretary a True Believer in Economic Recovery
Consumer spending, pending home sales and factory orders were all weaker than projected in June, showing the US recovery lost momentum heading into the second half of the year as employment stagnates. Elsewhere in the news it is reported that more consumers than ever before are going bankrupt…
August 6th, 2010 | Bill Bonner | 0 comments | Continued
Economic Deflation: The Blood on Bernanke’s Hands
We left off yesterday wondering what stock market investors were thinking. They bought stocks heavily on Monday. Then, yesterday, they sold them a bit – the Dow fell 38 points. Yesterday was largely uneventful. Gold rose a dollar. Oil climbed to $82. Maybe stock market investors are not really expecting to get rich.
August 5th, 2010 | Bill Bonner | 53 comments | Continued
The Many Faces of an Economic Correction
Wall Street is still in bull mode. Can you make money by joining it? Maybe. Is it worth it? Probably not.If you do decide to play the game…just be sure you remember what game you’re playing. This is a Great Correction. Over time, prices are going to work their way down until the Dow has dropped below its March 2009 low.
July 30th, 2010 | Bill Bonner | 0 comments | Continued
