Daily Archives: July 31, 2009

The recovery puzzle’s missing piece

Eric Sprott, a veteran fund manager and researcher based in Toronto, believes the buyers are in la-la land when it comes to interpreting economic data emanating from the world’s largest economy. A few of his salient points include: A prolonged … Continue reading

Posted in A State of Distress, Patience is a virtue...Delusion is a vice | Leave a comment

The Dust Hasn’t Settled on Wall Street, but History’s Already Repeating Itself

Buying and selling huge volumes of securities in a matter of seconds is just another high-tech form of speculation that is only remotely connected to the fundamental purpose of financial markets, which is to raise and allocate capital efficiently for … Continue reading

Posted in The Danger of Volume Trading | Leave a comment

US bowls a tricky ball to markets

Curiously, as Treasuries were rallying, equities on both sides of the Atlantic were capering to almost their highest levels this year. After moves this week, when bond and equity prices fell together, it has led some to ask whether the … Continue reading

Posted in TARP fruit loops, The Importance of Strategic Planning, US Trade Imbalance, We Have Become Beggars To The World, Who Guarantees the Guarantor?-You Do! | Leave a comment