As stimulus induced economic indicators drove financial markets
higher through the end of 2009 and into the middle of 2010, many
financial advisors and researchers believed the Great Recession was
taking its final breath and believed they bore witness to a forceful yet
successful example of a proper response to a endemic crisis by
policymakers around the globe. Fast forward . . . → Read More: Near Record High Correlations: Is this the End of the Fundamental Value Investor?
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I will be updating this blog on about a weekly basis with market commentary, as well as articles on specific topics. I will instead also be providing daily market commentary in newsletter .pdf format. If you would like to subscribe (for free) to the Shadow Capitalism market commentary newsletter, please email me at naufalsanaullah@gmail.com so I . . . → Read More: Gold outperforms as more bad news from EU emerges <!–StartFragment–> Today, most
Regardless, The Only Things That Matter… And No One Talks About Today, most pundits are growing increasingly concerned that we are headed for a “double dip” recession. I think this view is idiotic as the US “recovery” was in fact nothing more than a small bounce in economy activity within the context of a DEPRESSION. Regardless, the stooges . . . → Read More: The Only Things That Matter… And No One Talks About In the August edition of the ‘The Gloom, Boom & Doom Report’ Marc Faber questions whether the Dow could hit 1,000 as predicted by Robert Prechter, based on his interpretation of Elliot Waves, Fibonacci numbers and socioeconomic trends. As I have warned ad nauseum, the problems in Europe are being signicantly underestimated. From CNBC: Spain Jobless Rate up to 20.09 Percent Spain’s unemployment rate rose Extending unemployment benefits will not prepare the unemployed for the workforce anymore than a life preserver teaches someone to swim. While the benefits may provide immediate relief it doesn’t really benefit the same people in the future. Because of what will appears to be a long duration of high unemployment numbers the administration . . . → Read More: Grant Cardone: Extending Unemployment Benefits Don’t Prepare People for Jobs Another big leg down into the recognition that i) the recession was really a depression all along and ii) we are smack back in it. The ISM Manufacturing index came at 56.2 on expectations of 59, previous was 59.7. And the stunner – the prices paid index came in at 57 on expectations of 70, with . . . → Read More: Biggest Monthly Pending Home Sales Drop On Record As ISM Manufacturing Index Misses Big If policymakers do not understand the real cause of a problem, they will in all likelihood be unable to provide a genuine solution. Messrs. Barack Obama, Benjamin Bernanke and Timothy Geithner do not understand the real cause of this debt crisis. They are politicians first and economists or students of the market second–if at all. Therefore, it . . . → Read More: Forbes: Why The Greater Depression Still Lies Ahead If one does not know the real cause of a problem, they should also be unable to provide a genuine solution. |
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