By Bill Holter – Re-Blogged From http://www.Gold-Eagle.com
After last week’s air tragedy, maybe a poor thought process but please stay with me. Would you ever get on an airplane if there was no pilot? Would you be confident of reaching your destination safely? Of course not. Whether you know it or not, you are living in an economic and financial “airplane” with Janet Yellen as the pilot. The sad thing is this, even she admits the airplane is broken, I’ll explain why shortly.
The markets are only “allowed” to go up! The more you control the less you are in control!
Why do I say that – because in Japan in the end of the eighties there was only one way and that was up till the bubble broke in 1989 and we all know what happened afterwards. The Japanese even didn’t have any put options until 1987 when the modern OTC equity derivatives market was born with the creation of put options that were linked to the performance of the Nikkei 225 Index and that came with debt instruments issued by Japanese companies. London banks
(This article was written last October! Several forecasts has turned out right on the money. The author’s advice still is quite valuable today. –Bob)
By Vitaliy Katsenelson – Re-Blogged From http://www.institutionalinvestor.com/
In my column last Friday, in response to an e-mail I had received from an investor asking “what the fuck” he should do, I promised to explain what we’re doing with our portfolio. I will, but first let me tell you a story. When I was a sophomore in college, I was taking five or six classes and had a full-time job and a full-time (more like overtime) girlfriend. I was approaching finals, I had to study for lots of tests and turn in assignments, and to make matters worse, I had procrastinated until the last minute.
By Ken Haapala, President, Science and Environmental Policy Project (SEPP)
Number of the Week: 6.2%
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Intellectual Freedom and Censorship: On her web site, Donna Laframboise, discusses an open letter to museums signed by 54 individuals who described themselves as “members of the scientific community. “ The letter objects to museums receiving funds from “those who profit from fossil fuels or fund lobby groups that misrepresent climate science.” The letter specifically discusses David Koch, who “is a major donor, exhibit sponsor and trustee on the Board of Directors at the Smithsonian’s National Museum of Natural History, and the American Museum of Natural History.” The letter asserts that “Mr. Koch also funds a large network of climate-change-denying organizations, spending over $67 million since 1997 to fund groups denying climate change science.”
By Doug Short – Re-Blogged From http://www.Silvr-Phoenix500.com
The astonishing surge in leverage (i.e. NYSE Margin Debt) in late 1999 peaked in March 2000, the same month that the S&P500 hit its all-time daily high, although the highest monthly close for that year was five months later in August. A similar surge NYSE Margin Debt began in 2006, peaking in July 2007, three months before the market peak…and subsequent crash.
By Bob Shapiro
The other night, I talked with my new friend Jack about the Economy, Taxes, and eventually Social Security. I explained that the unfunded liability for Social Security was far beyond what was possible to meet, and that somewhere down the road, Social Security would default.
When it comes to investing in the stock market, we’re told to follow the smart money. Who might that be? The most influential investors/businessmen in America today are Warren Buffett, John Paulson, and George Soros. Their investing acumen has helped them amass billions of dollars and millions of followers.
