Market Themes Beginning To Emerge

Following on last post’s observation of the implications of an economic recovery taking hold, I present readers with a trio of intriguing stories from the Wall Street Journal. First, EOG Resources (EOG) announced a change in focus as it seeks to apply new horizontal drilling techniques to search for oil. Despite the company’s assertion that [...]

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Inflation Is Dead. Long Live Inflation. Or Deflation

Last week’s inflation numbers sparked a series of posts and articles commenting on the matter with the proclamation that inflation is nowhere in sight: Buying [Treasuries] on the Death of Inflation (WSJ) Inflation Issuance Hits Record $200 Billion; Predictably Wrong Hyperinflation Calls; Ducks in a Row (Mish’s blog) While these two articles seem to share [...]

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Marc Faber Speculates On US Hyperinflation

Here’s the Bloomberg link to the 23 minute interview: Faber Sees U.S. Inflation Approaching Zimbabwe Levels It seems infathomable to see gazillion billion percent inflation here in the US but then again, a few years ago, the same would have been said of the carnage on Wall Street. In actuality, Faber spends relatively little time [...]

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The FT and WSJ Square Off Over Treasury Market

Ok, maybe nothing so dramatic as the title suggests but one does get a decidedly different slant between the two papers’ morning coverage of the recent rise in the 10-year Treasury yield. The Journal sees the dawn of a new day, apparently, as the two articles discussing the Treasury market have an unmistakably positive tone. [...]

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U.S. Seeing More Inflation Than Anyone Due to US$

The post title is not my opinion, nor is it some economist’s view. It comes straight from the front lines but first some background. Whirlpool Corp. (WHR) is the world’s largest appliance maker with operations all over the world. Specifically, they generate 57% of sales in North America, 20% sales in Europe, 20% sales in [...]

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No Inflation? Some Real Market Perspective

In light of today’s fantasy inflation report (see the Big Picture for more details), I would suggest checking out yesterday’s interesting editorial by Jerome Booth in the Financial Times.  While Booth doesn’t specifically address inflation, he surveys the current global macroeconomic picture and draws some interesting conclusions.  A handy reminder to keep your eye on [...]

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