In yet another sign that the end is near, Harper’s Magazine, that venerable fount of left wing culture, has become a source of clear-eyed financial journalism. In February it ran a cover story by iTuilip’s Eric Janszen explaining America’s devolution ...
My new friend Shayne McGuire is director of global research at Texas’ $115 billion Teacher Retirement System, which means he oversees a vast portfolio of high-grade bonds, Blue Chip stocks, and cash. Not the kind of environment that’s usually hospita ...
Back in June of 2006 I posted some long excerpts from an internal report produced by Colorado & Santa Fe Real Estate, a Denver firm owned by an entrepreneur Marcel Arsenault. More about him here. After riding the long bull market in U.S. real estate ...
During the past year the thoughts of some perceptive people appeared in this column. But just how perceptive is only apparent in retrospect. Some of these guys absolutely nailed it. So for the holidays I've decided to repost a few of the columns tha ...
Here we go. Gold and silver are soaring, financial stocks are tanking, heads are rolling on Wall Street, and the Fed’s creditability is melting like a popsicle on a hot summer sidewalk.
Here’s one for the ‘don’t try this at home,’ file. Yesterday’s post on how the dollar’s decline makes China’s red-hot stock market look like a classic short candidate—and my decision to buy puts on a China ETF—brought the following response from
Yesterday I took part in a round table discussion with some seriously smart, articulate money managers, two of whom are putting their clients into foreign stocks. Well-run companies with nice dividends in fiscally-sound countries will outperform, the ...
One of the most popular themes of the sound-money media is “the crossroad,” that place where a country ends up when it borrows too much for two long and is forced to choose between two (and only two) very different paths. One leads to deflation, with ...
Prudent Bear’s Doug Noland has for years been pointing out that one of the drivers of the credit bubble has been the ever-broadening definition of money. As the global economy expanded without a hic-up, more and more instruments came to be used as a ...
Most financial bubbles are pretty easy to spot: An asset class climbs way beyond what old-fashioned valuation measures used to define as reasonable, market participants start acting like idiots, and pundits rationalize the madness with learned “new e ...
A world run on two or three fiat currencies, issued and accepted by diktat...becomes only more likely every time that drug-lords in Moscow trade a kilo of crank. But as a store of wealth for the future, however, gold keeps winning out. Since the drea ...
The world is full of people with little or no real estate experience (okay, like me) who still claim to know the business well enough to predict a crash. It’s also full of real estate industry pros who, deep in denial, seem to expect a soft landing f ...
