Friday, October 16, 2009
Wednesday, October 14, 2009
Geithner Aides make Millions giving speeches to Wall St. pals
The advisers include Gene Sperling, who last year took in $887,727 from Goldman Sachs and $158,000 for speeches mostly to financial companies, including the firm run by accused Ponzi scheme mastermind R. Allen Stanford. Another top aide, Lee Sachs, reported more than $3 million in salary and partnership income from Mariner Investment Group, a New York hedge fund.
Monday, October 12, 2009
PRICED TO PERFECTION
Equities and many commodities are priced for an Economic Nirvana. Ask yourself this question: you know at least three people out of work... how's their job search going? That said, our view generally is equities are moving up on cheap money and Big Funds who missed the bottom, trying to drive the tape to year-end (making up for last year's lost bonus). Commodities are following suite, driven by a deeply perforated US Dollar and unrealistic V-shape recovery. Net, Net: there is little chance Markets can exceed current expectations needed to drive this tape higher across the Boards.
While we think crude oil will go much higher 3-5 years down the road, don't be surprised if it drops $6 from current levels in the near-term:
While we think crude oil will go much higher 3-5 years down the road, don't be surprised if it drops $6 from current levels in the near-term:
Friday, October 9, 2009
GOLD WILL HIT $2,000
The dollar "is a terribly flawed" currency, says Jim Rogers. "Foreign debts are increasing rapidly every year, and I don't think Washington seems to care."
"There was very, very few new production capacity brought on line in the past 30 years for commodities," he said. "We have shortages developing throughout the world."
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"There was very, very few new production capacity brought on line in the past 30 years for commodities," he said. "We have shortages developing throughout the world."
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