"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •10 mins | 2,410.10 | +12.10 | +0.50% |
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Platinum •10 mins | 942.20 | -12.30 | -1.29% |
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WTI Crude •11 mins | 83.38 | +0.65 | +0.79% |
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Gasoline •10 mins | 2.714 | +0.000 | +0.01% |
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Ethanol •1 hour | 2.161 | +0.000 | +0.00% |
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Silver •10 mins | 28.83 | +0.45 | +1.57% |
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Silver • 10 mins | 28.83 | +0.45 | +1.57% | |
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Copper • 10 mins | 4.495 | +0.058 | +1.31% | |
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Brent Crude • 10 mins | 87.38 | +0.27 | +0.31% | |
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Natural Gas • 10 mins | 1.756 | -0.001 | -0.06% | |
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Heating Oil • 10 mins | 2.546 | +0.012 | +0.46% |
Colin Twiggs
Contributor since: 03 Aug 2011
Biography
Colin Twiggs is Director: Global Markets at Porter Capital. A former investment banker, he combines economic and technical analysis in his Trading Diary, with 140,000 subscribers. Colin's specialty is blending fundamental analysis of the economy with technical analysis of stocks, markets, commodities and currencies. Focusing on the role of the Fed and banking credit as primary drivers of the economic cycle, he successfully forecast the 2008/2009 bear market in early 2007.
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Beware of The CAPE
I have just read John Mauldin's warning that the market is overvalued: Not only does today's CAPE of 25.4x suggest a seriously overvalued market, but…
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Forget Too-Big-To-Fail: Kill the Fractional Reserve Banking System
Interesting discussion on Bloomberg about currency-backed deposits and equity-funded loans. The fractional reserve banking system is the primary cause of instability and asset bubbles in…
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Income Inequality: Cause of our Predicament or a Convenient Scapegoat?
A reader reminded me of this 2011 Vanity Fair article, where Joseph Stiglitz argues that growing income inequality will harm future US economic growth. "What…
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Raising Taxes: 73% of Nothing is Nothing
President Francois Hollande recently increased the top income tax rate in France to 75 percent -- for incomes in excess of €1 million. This is…
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When Austerity Fails
Austerity decimated Asian economies during their 1997/98 financial crisis and similar measures have failed to rescue the PIIGS in Europe 2012. David Cameron's austerity measures…
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US Public Debt Growing at Unsustainable Rate
We often blame Fed monetary policy for the GFC, with interest rates at exceptionally low levels leading to "Greenspan's bubble." Treasury was just as culpable,…
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Gold, Stocks and Forex
To arrive at an outlook for the year ahead we first need to analyze the big trends that endure for decades and in some cases…
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The Path to Recovery: How to Bring the Debt Binge Under Control
The debt binge since 1975, fueled by an easy-money policy from the Fed, has landed the US economy in serious difficulties. Wall Street no doubt…
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Deleveraging is Over - It's Time To Cut the Deficit
US commercial bank loans and leases bottomed in April 2011, after shrinking more than $1 trillion in the previous two years. The annual rate-of-change has…
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The Paradox of Thrift -- Debunked
Ever since John Maynard Keynes popularized the Paradox of Thrift, economists, central bankers and politicians have labored under the misapprehension that high levels of savings…
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The Way Forward
There were plenty of central bankers and economists with glum faces at Jackson Hole, Wyoming this week as speakers reviewed the challenges ahead. So far…
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10-Year Treasury Yields at New 50-Year Low
10-Year Treasury yields are testing support at 2.00 percent -- a 50-year low. One thing is clear: Fed monetary policy has failed. Suppressing short-term interest…
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Tipping Point
These extracts from my trading diary are for educational purposes and should not be interpreted as investment or trading advice. Full terms and conditions can…
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