One of the important risk barometers we have learned to pay attention to over the past few years is the ratio of the TLT (20-year US Treasury prices) over the FXC (Canadian currency). As shown in this chart, when 20-year US treasury prices break out as against the Canadian dollar (as it last did in 2008) it issues a serious risk warning for equity and commodity prices. Buy and holders beware.
Today at noon ET I did a live segment on Money Talks radio with the always thoughtful Michael Campbell. A link to the segment is available in the audio archive here at October 8, 9:00 am, the interview starts 6 minutes in.
Rolling Stone contributing editor Matt Taibbi appeared on Current TV’s Countdown with Keith Olbermann to discuss the “Occupy Wall Street” protests. “The movement is growing organically,” Taibbi says, “because people know there’s something to protest now.” He adds that Occupy Wall Street could spur reformers and legislators to act because “the public won’t take it anymore.”
There has been little media coverage of this movement to date. Mainstream media has been increasingly captivated by the corporations that pay their bills through ad dollars. Fortunately, anti-establishment, anti-status quo messages now have the internet to help spread their message without prime time coverage.
