Contrarian Profits
Stock marketing investing news and opinion from a contrarian perspective with insights about commodities, gold investing, oil, energy, china, the Fed, inflation, deflation, and global markets
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Capitalism is alive and well
Baltimore – (TFN): Hallelujah, the markets work! You have no idea how happy I was this morning when I opened the Wall Street Journal and found an article detailing Goldman Sachs shareholder anger at the recent bonus payouts. Now, I don’t care who makes what. That’s between bosses and their worker be …
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The Dollar, the Euro, and being Bullish on Gold
Lord William Rees-Mogg, driving force behind the biweekly Fleet Street Invest newlsetter, analyzes the current state of the dollar, the euro and the future of gold and why it will always be an attractive, tangible asset. Lord William Rees-Mogg (Fleet Street Invest UK): In the last six months there …
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Audit the Fed – Amendment to a $200 billion bill frightens currency traders!
Chuck Butler, regular analyst at The Daily Reckoning, offers an analysis of why the Audit the Fed amendment to a $200 billion deficit plan spooked the currencies markets this week. Chuck Butler (The Daily Reckoning): As I checked the currencies throughout the day yesterday, I noticed that as the d …
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Unorthodox Exit Plan – what the Fed has up its sleeves
Don Miller, Associate Editor of Money Morning, reviews the process and implications of the Feds possible plan for raising intereste rates without actually raising the rate itself. Don Miller (Money Morning): The U.S. Federal Reserve may take an unorthodox approach to raising interest rates by payi …
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I’d rather let Madoff invest my money
Baltimore (TFN): I am starting to sound like a broken record, bashing the actions of our government every day for the last week, but I don’t care. What these ignoramuses are doing is simply criminal. It is becoming more and more apparent that today’s breed of politicians is good at only one thing, …
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Goldman Sachs – Defending the biggest kid on the block
Resident voice of reason at The Daily Reckoning, Bill Bonner takes a hard look at Goldman Sachs and replaces jealousy with admiration. We pick up sword and shield, ready to fight for Goldman, after reading the Financial Times. The FT has devoted a whole page to Goldman bashing. It’s time someone sto …
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What if They Stop Buying our Debt?
Doug Hornig, senior prognosticator at The Casey Report, analyzes the alarming trend of U.S. federal debt and its future implications. “I have always depended on the kindness of strangers,” said Blanche DuBois, in the final words of the play A Streetcar Named Desire. Well, don’t we all. Many citize …
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A lesson in Alaskan “waste management”
Baltimore (TFN): Some good friends of mine recently took their TV out to their front yard, put two high-brass shells in their 12 gauge and pulled the trigger. They rendered the hunk of glass and plastic useless. Called it Alaskan waste disposal. After last night, I’m ready to get out the 00 bucksh …
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Goldbugs Beware! The tax man cometh!
Money Mornings Keith Fitz-Gerald brings us a sobering look at investing in gold. If there is a moral to the story, it’s that nothing is what it seems anymore – not even gold. Keith Fitz-Gerald (Money Morning): Millions of investors who bought gold in the last 12 months are undoubtedly very happy a …
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Debt – the fall of the U.S. economic empire
The Daily Reckonings Puru Saxena examines the ends of U.S. debt and the shifting economic balance of world power to China. Puru Saxena The Daily Reckoning The 19th century belonged to Britain, the 20th century belonged to America and in the 21st century, China will rule the business world. Whether y …
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Should we Fire the Fed?
Subject: Should we fire the Fed – (TFN): All eyes and ears are on the Fed this week. With Bernanke in New York discussing potential new bubbles and the New York Fed getting heat for overpaying AIG’s many creditors, investors are having a tough time knowing exactly who to follow. For those of you who …
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Should “Big Tobacco” run the government?
Baltimore (TFN): If politicians would get their heads out of their re-election campaigns, they would not have to make hasty, thoughtless decisions that cost you and I money. In the days following Obama’s inauguration, Washington quickly passed a wide set of tax reforms. Part of the legislation incl …
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Bernanke Rewind – The Fed Head’s same old words
Chuck Butler (The Daily Reckoning): What a ride yesterday for the currencies! Gold? Well, at one point gold had shot up $24 on the day! It topped out at $1,142… The shiny metal then gave some back on profit taking, but gold holders have got to love it! Those who keep waiting for a pullback. Well, th …
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Hyperinflation – where is it?
Keith Fitz-gerald (Whiskey Gunpowder): Everything we know about classic economic theory suggests the U.S. economy should be experiencing Zimbabwe-like hyperinflation right now, thanks to the nearly $2.2 trillion the U.S. Federal Reserve has pumped into the system. But we’re not…yet. Classic economi …
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If this is true, we all need a vaccine
Baltimore (TFN): It’s confirmation! On Friday I wrote how I may have a touch of the flu or some other mind-altering ailment because my thoughts were far more liberal than I am comfortable with admitting. Well, it turns out my ultra-liberal, straight-ticket voting, French-guy marrying sister has a v …
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Can precious metals keep on flying?
Are you sold on gold? The precious metal outperformed every major equity index in the world in 2008. The question is, can gold—and other precious metals—keep on flying? Or would buying today be buying high and selling low? Precious metals have always been intriguing to investors because they tend to …
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Crash Alert: The Future and Failure of the U.S. Dollar
Bill Bonner (The Daily Reckoning) In the short run, it might have enough life in it to bite investors on the derrière London , England We got back from South America on Friday ready for a rest. So, we spent the weekend reading and occasionally, thinking. What we’ve been thinking is that the dolla …
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Slow Down . . . or Else
Slow Down… or Else By David Galland, Managing Editor, The Casey Report On a whim following our Denver Summit – and despite truly abysmal weather – Casey Research CEO Olivier Garret and I cabbed it down to a local public golf course for a quick nine holes. Afterwards we wer …
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What could be worse than a housing bust?
If You Thought the Housing Meltdown Was Bad… Doug Hornig, Senior Editor, (Casey Research): …wait until you see what’s in the cards for commercial real estate. That’s right, the next train wreck will be in commercial real estate. Couldn’t be worse than last year’s residential market crash? That remai …
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The Gold Bubble – Is it big enough to burst?
Brian Hunt (The Right Side): In the past three months, there’s been a very popular – and very wrong – thing to say about owning gold. I hear it a lot from inexperienced Wall Street analysts, bloggers, and money managers who spend little time living in the “real world”. Heres what they’re saying: “ …
Contrarian Profits
