Some Thoughts on my Vacation
I have spent this week on vacation just outside Charleston, South Carolina, so if I may, I would like to start with an observation on the U.S. economy: it’s in bad shape. After a walk through...
View ArticleCognitive Dissonance and Uranium Stocks
Happy Easter. After the unwelcome snowfall here in Ontario earlier in the week, we are basking in much nicer weather this Easter holiday weekend, which gives me time to spend outside with my family (we...
View ArticleMy Conundrum
So here’s my conundrum: Will my pessimism be proven correct, or should I jump on board the rally bandwagon? Two weeks ago, and again last week, I showed this chart: And I said: From the chart, it’s...
View ArticleYou Get What you Pay For
If you like bad news, this has been a good week. Here are some headlines: Retail sales drop in June; The consensus was that retail sales were supposed to be up 0.8% month over month, but instead fell...
View ArticleI was wrong
In last week’s commentary I walked you through all of the bad news headlines. There were more bad news headlines this week, but I won’t bore you with them. I won’t bore you with the headlines you won’t...
View ArticleSo Here’s The Thing About the US Dollar, and Gold
So, here’s the thing. Since March 6, 2009, the S&P 500 Index is up over 53%, and the rise has been very steady, with virtually no breaks. That’s a very impressive rally, and it’s a rally that I...
View ArticleDow 10,000: It Was Fun While it Lasted
Note to readers: play a drinking game. If you are reading this in the morning, take a swig of coffee every time I mention the number 10,000. If you are reading this anytime after 11:00 am in the...
View ArticleThe End of the World (Maybe)
As we approach the end of the world (at the risk of burying the lead, more about that in a minute), let me start by complimenting you. There was a lot of excellent discussion over on the Buy High Sell...
View ArticleEverything is Fine, Despite Evidence to the Contrary
You will be happy to know that I will keep my comments brief this week, for two reasons. First, this is Thanksgiving weekend here in Canada (I assume because our summer is shorter, so harvest time is...
View ArticleThe Economy and My Conflict This Labor Day
As is often the case, I’m conflicted. On the one hand, it pains me to watch the economy crumble, because it’s not just the economy that is careening through this depression; it’s people. Real people,...
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