If you needed any further verification that governments manipulate economic numbers for their own bureaucratic benefit, check out this small piece in today’s FT, Japan Prices Fall But Deflation May Be Ending. Here’s the good part: One dark cloud hanging over the CPI numbers was removed yesterday when the ministry of interior decided not to [...]
The markets are pushing their highs on the day as I type this — a mirror image of last Friday’s precipitous drop. I admit to being blinded by the light of a market being pushed up by Countrywide (CFC) (put your faith in Mozillo and get what’s coming to ya) and Microsoft (MSFT), a company [...]
Everyone’s favorite intermediate junior gold miner reported earnings after the bell last night and I, for one, am pretty disappointed. The full report will be posted on the website this weekend but some quick thoughts: Everything came in under: production, revenues, net income, cash flow, etc. the loony is becoming a problem for non-hedged Canadian [...]
The FT has a piece by John Plender discussing past instances where the global economic order has undergone changes similar to China’s situation today in relation to the US. He highlights two situations in particular as examples of trying to stem account imbalances through artificial means: an upstart, protectionist US vs. Great Britain after WWI [...]
Marc Faber spent 30-40 minutes yesterday on Bloomberg TV. He is an excellent economist and a good money manager.
Anyone who keeps up with financial media has been exposed to market rationalization — the attempt to rationalize the action in the day’s markets. Stocks went up or down because of earnings or the Fed or inflation, etc. The truth is nobody knows why the market did what it did on most days. And if [...]
