Mirage Of Lower Unemployment Numbers

For all the optimistic talk regarding Unemployment and our economy in general, the U.S. is not progressing, and comparing this recession to previous recessions we appear to be going backwards, which is amazing considering the sheer amount of stimulus that has been pumped into the system. We have witnessed the most aggressive monetary stimulation policy in American history which has increased the money supply by a trillion dollars and over the past three years. Instead of growing, the economy has … Read More »

Ed Schultz And ITM Trading

Ed Schultz was born to an Aeronautical Engineer Father and English Teacher Mother in Norfolk Virginia in 1954. Ed (Edward Andrew) enjoyed sports, particularly football, during his school years, and graduated from Maury High School in 1972. Ed went on to play College football on a scholarship to Minnesota State University Moorhead, and eventually signed as a free agent with the Oakland Raiders. It was this background in sports that would serve as his springboard into the world of broadcasting … Read More »

When The Bond Market Blows Up

In a special report, InvestmentNews displays a provocative cover on the state of the Bond Market, “Tick, Tick… Boom!” and asks the question “What will your clients’ portfolios look like WHEN the bond bomb goes off?” (Emphasis added) Bond King, Gross restated Pimco’s “New Normal” advise: “The future for bonds is a lower-return future than investors have come to assume. Bond investors should be expecting 2% to 3% returns over the future years … bond returns will be lower than … Read More »

Cyprus Woes Amid Governmental Theft

In a move that sent shock waves across the globe, Eurozone finance ministers agreed to rescue loans for Cyprus if the government would tax (read Governmental Theft) cash from between 6.75% and 9.9% on those with money in Cyprus banks. Part of the problem is that a country can’t attempt such a thing without its neighbors questioning the possibilities of similar behaviors from their own government. Especially if they all seem to have the same core problem which is that … Read More »

Ahoy, Foreclosures Ahead

On the surface, things in the ocean of real estate business, especially Foreclosures seem almost calm. But below the surface trouble may be brewing. Good news/Bad news. In a report by an online repossession/sales data company, RealtyTrac, it states that banks are foreclosing on fewer homes. Repossessions are the final phase of foreclosure, and while they are down 29 percent form a year ago, foreclosure starts have surged 10 percent in February, up for January. “At a high level the … Read More »

Recovery or Recession

Depending who you listen to, we are either in a Recovery or Recession. To hear many pundits and financial talking heads about the Dow Jones Industrial Average pushing up to new levels and the official jobless rate at a four year low, you would think the “Summer of Recovery” actually happened. However, for many, this economic optimism has yet to find them. It seems that for quite a few middle and lower income Americans enduring the increased pay roll tax … Read More »

Generational Theft

If you read the Los Angeles Times recently you might have read an article titled “Deficit hawks’ ‘generational theft’ argument is a sham “ and states an interesting opinion that is reproduced, in part here in the following two paragraphs. “The “generational theft” argument is a sham. It’s an attempt to get around the fact, so distasteful to the enemies of government social programs, that Social Security and Medicare are hugely popular. As Marmor observes, if you can’t put across … Read More »

Jim Rickards: Stocks Have Gone Sideways For Half A Generation

“I understand the dynamic of this, I don’t quite get the euphoria. So the Dow’s where it was over 5 years ago, the S&P is where it was 13 years ago, stocks have gone nowhere for 1/2 a generation. That seems more of a cause for a depression rather than a celebration. But, the dynamics are easy to understand; the Fed is printing money, you print a trillion Dollars of free money, hand it out, and stocks are going to … Read More »