What does this tell you? Well, the rational answer is that bullion or gold and silver coins are assets without counterparty risk. True, the value of gold and silver coins fluctuates with metals prices and liquidity. But your payment does not depend on someone else’s credit quality. Your payment is in your pocket.
December 3rd, 2009 | Dan Denning | 13 comments | ContinuedAll Posts Tagged With: "Morgan Stanley"
US Consumers Have Slacked Off
So, who’s going to do the consuming? Where’s the growth going to come from to keep Chinese factories polluting the atmosphere and Indian call centers confusing the customers?
December 2nd, 2009 | Bill Bonner | 0 comments | Continued
Bear Market Bounce a Sure Thing
Well, we’re still not there. But an analyst from Morgan Stanley tells us that markets tend to do better than that. The typical bounce is about 70%, says he.
October 26th, 2009 | Bill Bonner | 0 comments | Continued
Separating the Short-term Trends in Financial Markets from the Long-term Trends in Geopolitical History
The Dow Jones slipped under 10,000 at the end of the day Wednesday largely because analyst Dick Bove changed his call on Wells Fargo from “neutral” to “sell.” Bove said the quality of the company’s third quarter earnings was, “pretty poor.” “If you take a close look at the earnings, what you can see is that the improvement is due to a hedging profit…
October 22nd, 2009 | Dan Denning | 4 comments | Continued
Roach and His Bearish, Pessimistic Attitude
Roach was what I call a realist, but he was more commonly labelled a bear, a pessimist, and a crank. When the market was soaring to new highs, Roach spoke about his professional ostracism…
October 13th, 2009 | Greg Canavan | 1 comment | Continued
Take Away Stimulus Spending and You’ve Got an Economy Entering Depression
Yes, now the economy is firing on all cylinders…or just about. Yep. No doubt about it. Still, there are some nagging doubts. The latest figures show foreclosures still increasing – up 7% in July from a year before. And house prices are still going down.
August 14th, 2009 | Bill Bonner | 1 comment | Continued
Lehman CDS Auction Hammers Australian Resource Stocks
Finally, Australia gets its own $700 billion plan. Kevin Rudd’s government moved yesterday to slap a Federal guarantee on all deposits with banks, credit unions, and building societies. The $700 billion guarantee includes Australian subsidiaries of foreign owned banks. The government wants people to understand their money is safe in the banks. That’s why that last bit is in there. It’s designed to keep foreign holders of Aussie dollars from engaging in a run on the dollar and bringing their money home.
October 13th, 2008 | Dan Denning | 1 comment | Continued
Credit Markets Threaten Retail Banking, Bank Runs Next?
The share market is not the most important story today. That may be tough for you to believe. After all, the 777 point figure decline on the Dow is the most visible symptom of what’s killing the market. But in terms of percentages, Monday’s 6.9% decline in the U.S. doesn’t even rate as one of the top ten worst one day percentage declines in history. Maybe that will come later this week. It might come in emerging markets. The big story, though, is in the credit markets…
September 30th, 2008 | Dan Denning | 15 comments | Continued
