Mike Shedlock (Mish) is a registered investment advisor representative for SitkaPacific Capital Management. His blog Mish’s Global Economic Trend Analysis includes commentary every day of the week. Mike is also a contributing “professor” on Minyanville.
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Sep 21st, 2007 |
By Michael Shedlock |
Category: Currencies
Caroline Baum has an interesting take on Greenspan's new book, The Age of Turbulence, in “Greenspan’s Memoir Shows Dangers of Irrational Book Advances”:
“For someone who made headlines with his every utterance — even if no one could agree on what he had said — Alan Greenspan offers few newsmaking moments ...
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Tags: alan greenspan, the age of turbulence
Posted in Currencies |
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Sep 11th, 2007 |
By Michael Shedlock |
Category: Macro Economics
The Wall Street Journal is reporting, “Greenspan Says Turmoil Fits Pattern”:
“Former Federal Reserve Chairman Alan Greenspan said the current market turmoil is in many ways ‘identical’ to that which occurred in 1987 and 1998, when the giant hedge fund Long Term Capital Management nearly collapsed.
“‘The behavior in what we are ...
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Tags: alan greenspan, Housing bubble
Posted in Macro Economics |
No Comments »
Aug 21st, 2007 |
By Michael Shedlock |
Category: Macro Economics
I cannot help but laugh the latest economic headline: “Index Suggests U.S. Economic Expansion”:
“A gauge of future economic activity inched up in July, a research group said Monday, indicating economic growth may pick up slightly in coming months despite turmoil in the housing market.
“The Conference Board's index of leading economic ...
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Tags: economic indicators, falling stock prices
Posted in Macro Economics |
No Comments »
Aug 16th, 2007 |
By Michael Shedlock |
Category: Macro Economics
Consider the plight of Raymond Przybilinski :
“He socked away $521,000 from a lifetime of driving trucks, working overtime when he could, and playing the piano or accordion late into the evenings at weddings, hotel bars, and social clubs…
”The money was destined for his five children. But that was before more ...
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Tags: money market freeze, sentinel, unsafe investment
Posted in Macro Economics |
No Comments »
Aug 8th, 2007 |
By Michael Shedlock |
Category: Macro Economics
It is extremely difficult to call a top in anything. But sooner or later, someone has to stick his or her neck out and do it. Typically, it gets chopped off. Things go on far more than bears can imagine. They always do.
Nonetheless, I was fortunate to call the top ...
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Tags: blackstone, catcall, market, top call
Posted in Macro Economics |
No Comments »
Jul 24th, 2007 |
By Michael Shedlock |
Category: Oil
Analysts at Goldman and CIBC say $100 oil may be just months away:
“The $100-a-barrel oil that Goldman Sachs Group Inc. said would prevail by 2009 may be only a few months away.
“Jeffrey Currie, a London-based commodity analyst at the world's biggest securities firm, says $95 crude is likely this year ...
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Tags: crude oil, gasoline demand, US dollar, Yen
Posted in Oil |
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Jul 12th, 2007 |
By Michael Shedlock |
Category: Commodities
The popping of the housing bubble is much like the six phases of the typical project:
Enthusiasm
Disillusionment
Panic
Search for the guilty
Punishment of the innocent
Praise and honors for the non-participants
Right now, we seem to be in an overlapping state centered around panic (this phase can last a long time) with lingering pockets of ...
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Tags: disillusionment, foreclosures, Housing bubble
Posted in Commodities |
No Comments »
Jul 10th, 2007 |
By Michael Shedlock |
Category: Emerging Markets
Bill Miller, the manager of the $21 billion Legg Mason Value Trust Fund, has spent 15 of the last 16 years beating the market by finding value in places that are overlooked by the market. That's an easy thing to say, but when you manage billions of dollars, you aren't ...
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Tags: amex pharmaceutical index, pharma, pharmaceutical stock
Posted in Emerging Markets |
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Jul 6th, 2007 |
By Michael Shedlock |
Category: Emerging Markets
Bloomberg is reporting, “Bear Stearns Meets Possums in Georgia as Foreclosures Increase”:
“Only the possums are enjoying the backyard of 2035 Lilac Lane in Decatur, Ga., where Wall Street titan Bear Stearns Cos. is just another homeowner by default.
“‘It's a mess,’ said Kiwanna Ford, 31, who grew up next door to ...
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Tags: clean up, clean up market
Posted in Emerging Markets |
1 Comment »
Jun 26th, 2007 |
By Michael Shedlock |
Category: Emerging Markets
A new method to separate hydrogen and oxygen atoms in water has been discovered by Ohio inventor John Kanzius. This video has been making the rounds, but most who have seen it are skeptics. I think it's worth a look.
Separating hydrogen and oxygen from water economically has been one of ...
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Tags: electrolysis, Energy, hydrogen, john kanzius, oxygen
Posted in Emerging Markets |
1 Comment »
