6 July 2009

Here is a Marc Faber interview from March. It is well worth watching because he calls things perfectly through June: economic news, equity markets, and commodity markets. This is billed as a Czech TV interview.  But the audio is…

Peterson is the former Nixon cabinet secretary and founder of the Blackstone Group. He is also a well-known deficit hawk and founder of the Peterson Foundation.  He recently wrote his autobiography, “The Education of an American…

10-Year TIPS were sold with a Bid/Cover ratio of 2.51.  Almost half of the securities went to indirect bidders, meaning central banks are still bidding for U.S. government debt. Obviously, there is no problem for Treasuries despite…

I ran across a slew of stories this morning, so I am making another links post.  Enjoy.   Super-size Deposits Of Frozen Carbon In Arctic Could Worsen Climate Change This makes a trilogy of environment stories Vitamin D…

This comes via Brown Bothers Harriman’s Win Thin (no link available): South Africa’s ruling ANC said that it was open to discussing demands by its labor union allies to nationalize its mines.  This is an astounding admission, and…

I think a technical recovery will happen in the Q4 to Q1 timeframe.  But this recovery is likely to be weak, if it happens at all.  Downside risk remains. Unfortunately, the Obama administration has fired all its bullets, spending…

The fundamentals in Asia are much stronger than they are in the U.S. or in Europe. This bodes well for a recovery in the region.  Nevertheless, there is reason to worry because here is a video warning about an Asian-wide bubble in the…

This morning, stock markets are down in Asia and Europe.  And Futures show a likely decline in the U.S. What’s happening?  I think we are seeing the March rally hitting the wall as the technical recovery everyone is…

Judge Robert Gerber has given General Motors approval to sell its assets under section 363 of the bankruptcy code.  Last month I indicated that this 363 sale was more questionable than Chrysler’s and could meet more resistance in…

You have probably heard the stories about China National Offshore Oil Company (CNOOC) bidding for Repsol YP'F’s Argentine assets in a quest for more natural resources for China. Well, apparently, the Chinese want a lot more than just…