Monthly Archives: May 2014

ECRI: the mainstream can’t bear to contemplate the next recession

First quarter US GDP came in at a negative 1% yesterday led by a 7.5% fall in business spending following the expiry of tax concessions that had brought forward investment in 2012 and 2013.  The US is caught in a … Continue reading

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Beware of accountants offering harmful investment advice

I had a contact this morning from a long-time blog reader, who is in her 70’s and was recently advised by her accountant, that she could “make a lot more income in stocks” than her current ladder of guaranteed deposit … Continue reading

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Consumer demand falls with household incomes

Now that the ‘borrow your brains’ out credit cycle is in retreat, aspirational wealth products and services have a problem: household incomes for all but the top 1% have declined back to 1999 levels. Here are some of the latest … Continue reading

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Bond yields continue south

The mongrel hoard keeps insisting that “everyone” got the yield call wrong this year, and “no one” saw bond prices rising. Nope. A few of us that are free to see big picture trends rather than perpetually sell risk, said … Continue reading

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Q1 US GDP second look: -1%

Not to worry, stock-pumpers will be explaining all day why economic growth isn’t needed for equities to continue to climb. Here is a direct video link.

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Stock pickers “good as monkey with a dart board”

Steven Levitt and Stephen Dubner, co-authors of “Think like a Freak”, says stock pickers are “as good as a monkey with a dart board”. Here is a direct video link. Truth-telling like this undermines the entire CNBC business model which … Continue reading

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