Put a fork in Ireland, and the Gold rally

Looks like bankruptcy might be an inevitable conclusion for Ireland. Professor Morgan Kelly, their top economist said as much too today. (http://bit.ly/9svpX7) Is the government really going to step in and do something about the new spate of residential mortgage foreclosures, after frittering away so much money on banks with commercial mortgages losses? There isContinue reading Put a fork in Ireland, and the Gold rally

Should I be worried about deflation or inflation right now?

It’s so weird out there right now – it seems deflation is happening in some areas, where inflation is happening in others. So no pundit has got it right.  My house is still losing value, and my NYC-LA non-stop plane ticket for Thanksgiving costs 219 usd. Food is more expensive these days, especially produce, andContinue reading Should I be worried about deflation or inflation right now?

Retail Sales show strength in weak economy

Just when we thought the recovery is sputtering, retail sales and inventories surprise to the upside. This pop is especially positive news considering auto sales are at historical lows. US Auto Sales long term graph –>http://www.hiddenlevers.com/hl/u?aXotxD Consumer spending + sustained business investment will lead the way to a true recovery, not government spending. If youContinue reading Retail Sales show strength in weak economy