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Economist Warns of AI Bubble in U.S. Equity Market

Economist Warns of AI Bubble in U.S. Equity Market

Capital Economics warns that while…

Finance / the Markets

U.S., Canada, Germany and Japan Back to Pre-2003 Industrial Production Levels

May 27, 2010 at 13:30 | Dave Forest

An interesting chart from the Bank of Japan's latest monthly economic report. Japanese capacity utilization is way down. Around 20% of manufacturing facilities are standing idle. This is an improvement…

Silver Coin Sells for $7.85 Million

May 25, 2010 at 15:15 | Mad Hedge Fund Trader

Who Said the Dollar Was Going Down?  I knew silver was doing well, but not that well! Possibly the oldest silver dollar in existence, a mint condition 1794 liberty dollar,…

Make Your Next Killing in Africa

May 24, 2010 at 18:53 | Mad Hedge Fund Trader

Feel like investing in a state sponsor of terrorism? How about a country whose leaders have stolen $400 billion in the last decade and has seen 300 foreign workers kidnapped?

Welcome to Financial Reform Light

May 23, 2010 at 23:52 | Mad Hedge Fund Trader

Banking industry lobbyists were popping the Champaign bottles in Washington yesterday, as a greatly weakened and enfeebled financial reform bill stumbled across the finish line, coughing and wheezing all the…

Wall Street Corruption: Are People Losing Faith in the Financial System

May 23, 2010 at 09:28 | Michael Snyder

In order for a financial system to be able to function properly, it is absolutely essential that the general population has faith in it. After all, who is going to…

China Continuing to Buy U.S. Treasuries

May 20, 2010 at 12:34 | Dave Forest

More talk last night about China getting out of U.S. Treasuries. On the Q1 conference call for U.S. power major Duke Energy, management discussed the possibility of partnering with Chinese…

How the Hedge Funds Are Calling the Tune on Oil

May 19, 2010 at 14:44 | Mad Hedge Fund Trader

Watching the gut churning $22 plunge in crude (USO) has been fascinating, and gives broader insights into the state of global capital markets as a whole. Just as the Gulf…

The Easy Money on the Euro Has Been Made

May 19, 2010 at 14:37 | Mad Hedge Fund Trader

I have been a conspicuous bear on the euro (FXE) all year, back when it was trading at $1.45. We have now hit my target of the low $1.20's, and…

Chinese Market Indicates that US Stocks could be in for a Big Fall

May 19, 2010 at 08:06 | Charles Hugh Smith

Does the Chinese stock market presage the U.S. market's direction? If so, the U.S. market is set for a fall. The economies of China and the U.S. are in effect…

Where to Buy on the Dip

May 17, 2010 at 11:21 | Mad Hedge Fund Trader

There is a new war underway between two forms of capitalism. The traditional type is driven by the big global multinationals we all know and love which are being aggressively…

Why Real Market Liquidity has Been Shrinking for Decades

May 14, 2010 at 14:13 | Mad Hedge Fund Trader

The "flash crash" is in effect the little boy who shouted out that the emperor has no clothes. It was a day that has been long in coming. The screaming…

An Environmental Activist's Take on the Markets

May 06, 2010 at 18:39 | Mad Hedge Fund Trader

I spent an evening with Lester Brown, president of the Earth Policy Institute and a winner of the coveted MacArthur Prize, for some long term thinking about the environment and…

Why the Stock Market and Oil are Rallying

Apr 30, 2010 at 13:25 | Charles Hugh Smith

Below are two self-explanatory charts which shed light on the current rallies in the stock market and oil. The first is a long-term snapshot of the Dow Jones Industrial Average,…

The Gravitational Pull of Financial Disaster

Apr 29, 2010 at 11:38 | Dave Forest

There are two views on the economy and stock markets. The first (and most widely-held) is that these are "responsive systems". Prices for homes, stocks and labour react to events…

Where Did U.S. Households Get the Money They Needed to Bid Up House Prices So High?

Apr 25, 2010 at 19:00 | James Hamilton

What happened to housing and financial markets over the last decade? To find out, follow the money. According to Yale Professor Robert Shiller's data, the run-up and collapse of U.S.…

The Predatory Partnership of Wall Street and the State

Apr 22, 2010 at 19:00 | Charles Hugh Smith

The Central State and Financial Plutocracy are bound in a mutually beneficial, highly predatory partnership. The Mainstream Media is missing the Big Story in the SEC/Goldman Sachs filing: the Central…

Chinese Profits: Bad for Metal prices?

Apr 20, 2010 at 19:00 | Dave Forest

Metals investors globally were cheered this week by good news from Aluminum Corp. of China (A.K.A. Chalco). The aluminum giant swung back into profitability for the first time in a…

Gaming the System - The Foundation of the U.S. Economy

Apr 19, 2010 at 19:00 | Charles Hugh Smith

The status quo not just incentivizes gaming the system, it has made it the primary way to get ahead in today's economy. Gaming the system is not just encouraged--it has…

The Creeping Terror

Apr 15, 2010 at 19:00 | Dave Forest

Over the last few days I’ve noticed one significant thing. Creeping yields on U.S. commercial paper. Prior to the financial crisis in 2008, rising yields on commercial paper were one…

Are Short Term Treasuries the Best Trade of the Next Five Years

Apr 11, 2010 at 19:00 | Charles Hugh Smith

Despite the year-long equities rally and the euphoric mood of speculators and government officials, maybe the best trade of the next 5 years will be short-term U.S. Treasuries. Stocks provide…

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