Gold •118 days | 2,368.70 | +35.30 | +1.51% | |
Platinum •15 mins | 1,024.80 | -34.50 | -3.26% | |
WTI Crude •10 mins | 69.03 | +1.82 | +2.71% | |
Gasoline •12 mins | 2.002 | +0.050 | +2.57% | |
Ethanol •118 days | 2.161 | +0.000 | +0.00% | |
Silver •118 days | 30.82 | +1.16 | +3.92% |
Silver • 118 days | 30.82 | +1.16 | +3.92% | ||
Copper • 118 days | 4.530 | +0.111 | +2.51% | ||
Brent Crude • 10 mins | 72.90 | +1.78 | +2.50% | ||
Natural Gas • 10 mins | 2.839 | -0.020 | -0.70% | ||
Heating Oil • 10 mins | 2.196 | +0.062 | +2.90% |
Contributor since: 26 Jan 2015
I just wrapped up 25 years (persevering) as a "professional bear." My lucky break came in late-1989, when I was hired by Gordon Ringoen to be the trader for his short-biased hedge fund in San Francisco. Working as a short-side trader, analyst and portfolio manager during the great nineties bull market - for one of the most brilliant individuals I've met - was an exciting, demanding and, in the end, a grueling and absolutely invaluable learning experience. Later in the nineties, I had stints at Fleckenstein Capital and East Shore Partners. In January 1999, I began my 16 year run with PrudentBear, working as strategist and portfolio manager with David Tice in Dallas until the bear funds were sold in December 2008.
October 2 - Reuters (Ann Saphir): "Letting the U.S. economy run at 'high-pressure' for a while by keeping interest rates relatively low will help push…
The Federal Reserve is flailing and global currency markets are in disarray. Notably, the Brazilian real dropped more than 10% in five sessions, before Thursday's…
September 18 - Reuters: "The world's leading central banks are facing the risk that their massive efforts to revive economic growth could be dragged down…
Let's this week begin with a cursory glance at the world through the eyes of the bulls. First, the global backdrop provides the Fed convenient…
Too often it's as if I'm analyzing an altogether different world than conventional analysts. My strong preference is to be viewed as an adept and…
The week commenced with yet another "flash crash." The August 2015 version was notable for its ferocity and impressive global scope. Then there was the…
August 17 - Reuters Breakingviews (Edward Chancellor): "Financial markets, like religions, are faith-based networks. The complex structures of assets and liabilities that comprise markets are…
I figured I would surprise readers this week and focus on China. There's been a lot written and spoken this past week. My challenge is…
There just can't be a more fascinating endeavor in finance (anywhere?) than analyzing Credit and speculative Bubbles. Such undertakings do not come without challenges. I've…
In a tiny subsection of the analytical world, analysis is becoming more pointed and poignant. I appreciate Bill Gross's August commentary, where he concluded: "Say…
A Friday Bloomberg headline is a good place to begin this week's CBB: "Emerging Market Currencies Tumble to Record Low in 'Violent' Selloff." From Ye…
I've had similar feelings before, though I recall being less apprehensive. The years 1999 and 2007 are etched upon my mind. The bustling of automobiles…
The Shanghai Composite rallied 10% this week, enjoying the "biggest two-day rebound since 2008." Friday saw Germany's DAX surge 2.9%. French, Spanish and Italian equities…
So how big of a deal is the Triad of Turmoil unfolding in Greece, China and Puerto Rico? Thus far, general contagion has been minimal.…
My Mac is on a moving truck somewhere between Pittsburgh and Eugene. Moving cross-country entails some work. But it's exciting to be returning home after…
My apologies. I had commitments today and was unable to find the time to write. For the Week: The S&P500 declined 0.7% (up 1.6% y-t-d),…
In its basic form, Credit is someone's promise to pay "money" at some point in the future. Credit instruments are an "IOU." Importantly, new Credit/"IOUs"…
The Peterson International Institute for International Economics this week held it's sixth annual "Fiscal Summit," a wide-ranging and critical discussion of issues facing our nation.…
As an analyst of Bubbles, I've grown convinced of some things: First, it's vital to recognize Bubble distortions early before they become deeply ingrained in…
Bill Gross penned another interesting commentary, "A Sense of an Ending." The title comes from a Julian Barnes novel, of which Gross pulls the following…