Personal Finance
As we wrap up a most interesting, and volatile, week there are some things that I have discussed previously that are now brewing, interesting points to consider and risks to be aware of. In this regard I thought I would share a few things that caught my attention as I look forward to wrapping up the week that was.
….read it all 6 items HERE
The FED Blinked. It’s been my expectations that if “tapering” actually began, it wouldn’t be long before the FED would be pressured to go back to QE mode as the economy starts to accelerate to the downside. Well they blinked and now have begun the process that should lead to a perception of going from in front of the curve to behind.
The gentleman noted in this Zerohedge article truly hit the nail on the head (and Lies-man of TOUT-TV remains one of chief mates on the ships of fools that litter that network).
Gold meanwhile had a key reversal and while I would like to wave an “all-clear” flag I know the manipulators who were applying their trade just a couple of weeks ago won’t just simply go away. Interesting days ahead for the yellow metal.
Where have all the U.S. dollar bulls gone? We’re close to key support and while I don’t anticipate breaking below on the first couple of tests, the bears are sniffing some bull meat upcoming.
I said a few weeks ago that I felt the 3% yield on the 10-yr. T-Bond should be the high mark until the real crisis comes when the world finally concludes America no longer has real ability to pay its debts.
- Alderon Iron Ore
- Teranga Gold
- If it was me, I wouldn’t own and housing related equities.
- Currency war near?
- No more something for nothing forever.
And finally, shame, shame shame on all those who walked out the room
His last 645 trades, dates & performance:
….view all 645 trades HERE
George Soros is known for the unmatched success of his Quantum Fund. A hedge fund guru, he is recognized for having the best performance record of any investment fund in the world over its 26-year history. A mere $1000 invested in 1969 when Soros established the Quantum Fund would have been worth $4 million by the year 2000. During that time he achieved a cumulative 32% annual return.
….view all 645 trades HERE
“we will be increasing in volatility the last week of September”
….more comments and charts HERE
House Votes to Defund Obamacare – Again
However, Congress must pass a CR to set federal funding levels by Oct. 1, or the government will partially close. No doubt our computer has been targeting the last week of September and then the weeks of Oct 7th/14th look key. House Republicans see the mandatory deadline as a final opportunity to cripple the 3-year-old Obamacare law.
….read more HERE
It’s a Matter of Confidence
Stocks are not rising because of “confidence” in the Fed, the central banks have themselves been buying stocks lacking confidence in public debt. Money has NO CHOICE but to go to stocks. Pension will go bust and stocks are becoming the ALTERNATIVE to government debt.
Even during the Great Depression, corporate bonds were in higher demand than government. Read the newspaper of 1929 and you will see the complete opposite interpretation of the same fundamentals from today.
There is a cycle to fundamental interpretations as well.
….read more HERE