Monthly Archives: July 2012

As the Euro falls below 1.21 versus the greenback this morning, the US dollar index moves toward a new cycle high at 84. Oil, gold and everything else considered a “risk trade” are down hard while the US 10-year Treasury … Continue reading →

“According to Lincoln Ellis of the Strategic Financial Group, the P/E game is a sham, starting with the notion that 14x is a genuine average. “That multiple is really only indicative of the last 25 years” Ellis says in the … Continue reading →

Source: Bloomberg An encouraging revelation is now underway in southern Ireland: they are admitting the mistakes made in their housing bubble and finally getting to work clearing out the debris. I am reminded of similar steps taken in Las Vegas … Continue reading →