The Pragmatic Capitalist
We’re not the only ones on the verge of a double dip in housing. Deutsche Bank believes the UK housing market is ready for another move lower: “There has been further evidence published this week to suggest that the…Read
Few will argue against the fact that the U.S. economy is sputtering. For several years now I have been arguing that the government misdiagnosed our problems and subsequently applied the incorrect cure. If we take a look under…Read
By David Galland, Managing Editor, The Casey Report Recently, we have had a number of queries about real estate. And no wonder. For starters, real estate prices have come down. Plus, in an environment with next to zero interest…Read
In a recent piece Nomura Group highlighted some of the more interesting gold ratios with the implication that gold is bumping up against some high historically levels: Personally, I still believe the “irrational”…Read
Consumer credit contracted $3.6B in July. In short, the year over year rate is improving, but the bottom line is that consumer credit continues to contract as the de-leveraging continues at the household level (via Econoday):…Read
Here are the key takeaways from the Fed’s Beige Book: Reports from the twelve Federal Reserve Districts suggested continued growth in national economic activity during the reporting period of mid-July through the end of…Read
The problems in Ireland have been well publicized over the last year as they were the first Euro nation to take an aggressive austerity approach. The results have been nothing short of disastrous. Greece is attempting the same…Read
JP Morgan says investors should buy Chinese equities on any dips. They believe the economy has bottomed and that the environment will remain conducive to economic growth: (1) China’s real GDP growth, on a sequential basis, may…Read
The latest BIS quarterly is excellent as always, but one section is particularly pertinent to the current environment. The authors provide an excellent overview of past financial crises and why they wreak such havoc on an…Read
By Keith Jurow of Real Estate Channel: In a previous REAL ESTATE CHANNEL article, I discussed the madness of borrowing through home equity lines of credit (HELOC) during the bubble years. Now is a good time to take an…Read
If you missed this segment on CNBC today it’s worth taking a look. Michael Pento, the very vocal gold bug, is debating whether or not the USA is essentially insolvent (we all know my positions here – deflation…Read
The bond bubble theorists aren’t going to be happy about this report from RAB Capital. Their analysts believe there is room for a “massive decline” in government bond yields in the coming years as central…Read
There is a persistent move higher in European sovereign CDS and bond yields. I’ve long said that the ECB bailout only kicked the can down the road. Austerity is not the solution in Europe. Bondholders clearly know the…Read
The Wall Street Journal had an excellent article this morning regarding the validity of the European stress tests. Their findings were alarming to say the least. Upon close inspection, they found that the stress tests severely…Read