Australia’s central bank raised interest rates yesterday, beginning the unwind of their credit crunch stimulus program. They are the first nation in the G-20 to do so. Like Norway and Brazil, Australia derives a great portion of its GDP from minerals and mining exports, and so is more concerned about inflation in the near-term than many other…
October 2009
Hot Links: Heir to the Throne
Stuff I’m Reading this Morning… BlackRock is bullish on US and emerging markets stocks. (DealBook) Go out and hug a bear today. (MusingsOfATrader) What’s George Soros up to these day with his positions? (MarketFolly) Peter Schiff under attack on MSNBC, Eddie calls BS. (CrossingWallStreet) Marc Faber on currencies, equities, commodities and India. (InvestmentPostcards) “Buying gold…
Damn It Feels Good To Be A Goldbug
My Goldbug friends and Hard Assets-loving associates will sleep well this evening…or stay up all night with excitement. Congrats to the faithful, but don’t OD on the Kool-Aid. G’night! Read Also: …You Might Be a Goldbug (TRB)
Checking In With The Bail-ettes On TARP's 1st Birthday
A quick look at how shares of the Bail-ettes have performed over the year since they became partially our property problem… Click Image to Embiggen! Check out the source article for the exact amounts, in case they haven’t already been emblazoned into your brain. Source: Heroes and Zeroes of the Fallout (CNNMoney)
Interview With The Ghost Of Ayn Rand
As regular readers know, I am often visited by ghosts when I work late at my office in the historic Helmsley Building. I recently had an encounter with none other than the ghost of Ayn Rand, the creator of the objectivist philosophical movement and author of Atlas Shrugged, an ideological novel that argued for absolute…
BREAKING: The Secret Plot to Kill the Dollar
FYI: This is the story that everyone’s talking about today, gold and metals stocks are going berzerk in the pre-market as of this writing because of it: From The Independent: In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to…
Hot Links: Punk Animals
Stuff I’m Reading this Morning… Ace Fidelity International fund manager sees a multi-year bull market, led by emerging stocks. (Bloomberg) Lenny Dykstra sold a bunch of his World Series stuff, the ’86 ring went for 56 grand. (Dealbreaker) Twelve Juicy Buyout Candidates. (Clusterstock) A tragedy for family-owned businesses in this recession. (WSJ) The Fly takes…
What Do All These Multi-Billions Look Like?
I’m blown away by the latest infograph from David McCandless of Information is Beautiful. We hear about these multi-billion dollar programs seemingly every day, and the sums start to wash over our already-numb frontal lobes. Well, here’s a snapshot of what this spending actually looks like, writ-large… Click Image to Embiggen! The truth about the…
Hot Links: Meet Poe, the World's Tallest Horse
Stuff I’m Reading this Morning… Spanish Banks may be hiding their losses, what this means for world markets. (Bronte) The StockTwits guys teasing the boss. Funny. (HowardLindzon) Sick! Step 1 – add $8 billion in debt to Tribune, Step 2 – steer into bankruptcy, Step 3 – pay bonuses. (DealBook) Red miniskirts, white jackboots and…
China Then and Now from Fast Company
We’ve been discussing China a lot this week, so I figured I’d cap off the weekend with an infograph from Fast Company that paints a great picture detailing how much has changed over the last 60 years of the country’s existence (in its current form). The graph is in two pieces here, whatever. and then…
