Doug Casey: Precious Metals vs. the USD

One sure upshot of the quantitative easing money flooding the stock market will be further distortions, chaos and unpredictability that make the value-investing proposition difficult, if not impossible, according to Casey Research Chairman Doug Casey. On the eve of a sold-out Casey Research Summit in Boca Raton, Florida, Doug returns to The Gold . . . → Read More: Doug Casey: Precious Metals vs. the USD

Paul van Eeden: Finding Value Amidst Volatility

Cranberry Capital Inc. President Paul van Eeden still favors the natural resources sector above all others because they are “absolutely central to our standard of living, our quality of life and the technological progress we’ve made.” Despite the dangers, frothiness of equities and absence of fundamentals to support current valuations, he says, “there are . . . → Read More: Paul van Eeden: Finding Value Amidst Volatility

U.S. Manufacturing Activity Surges in January to Seven Year High

As noted here many times, the manufacturing sector continues to lead this recovery. And there was more good news at the factories in January.

On Tuesday the Institute for Supply Management released its latest manufacturing report on business and its headline composite index jumped to a rare 60.8 reading. The index is now at . . . → Read More: U.S. Manufacturing Activity Surges in January to Seven Year High

Cleveburgh on Cleveburgh

Cleveburgh redux in the Cleveland Plain Dealer on Sunday… and check out their enhancement of my graphic.  Cool.

PD is not new to the topic and from over a couple years ago was this:  Pittsburgh’s renaissance holds lesson for Cleveland.  It is worth noting that that story was out a half year before the . . . → Read More: Cleveburgh on Cleveburgh

Bernanke and Fed: Recovery Gaining Traction

The U.S. economy is hitting its stride and gaining traction. That summarized comments by Fed Officials as Chairman Bernanke testified to the Senate Budget Committee on Friday.

“We have seen increased evidence that a self-sustaining recovery in consumer and business spending may be taking hold,” said the Chairman.

Other Fed officials quickly echoed his . . . → Read More: Bernanke and Fed: Recovery Gaining Traction

Can the Eurozone Survive?

The ongoing difficulties in overcoming the persistence of debt-to-GDP ratio in EU countries highlight the question whether the European Monetary Union can survive the set of shocks which prevailed since the 2008/2009 economic and financial crisis. Recently, European Commission has presented the 2010 review of public finances in EMU (link), suggesting that macroeconomic outlook . . . → Read More: Can the Eurozone Survive?

TARP Payback Outlook Brightens Even Further

On Wednesday, taxpayers received additional paybacks from their investments in the Troubled Asset Relief Program (TARP).

General Motors Corp., which went public last month, repurchased it’s preferred shares in the program to the tune of $2.1B.

Additionally, common shares held by the Treasury are now valued at nearly $17B based on GM’s closing price . . . → Read More: TARP Payback Outlook Brightens Even Further

Chicago PMI Up, Consumer Confidence Jumps, Retail Spikes

On Tuesday, Chicago manufacturing reports and Consumer Confidence led the good news of the day.

Chicagoland continues to report accelerating month-to-month growth in their manufacturing sector. New orders rose in November vs October to extend what is now extremely strong order growth trending. Production is now cranking and like other regions is raising the . . . → Read More: Chicago PMI Up, Consumer Confidence Jumps, Retail Spikes

A Small Price to Pay: $25B And Falling

The Troubled Asset Relief Program will cost taxpayers far less than initially feared, with the new price tag estimate now just in at $25 billion. That according to the Congressional Budget Office report released on Monday.

The nonpartisan group underscored that, “it was not apparent when the TARP was created two years ago that . . . → Read More: A Small Price to Pay: $25B And Falling

The Economic Future of Ireland

The economic and financial crisis of 2008/2009 hit Ireland heavily. The asset price bubble and the subsequent deflation have added to the uncertain macroeconomic outlook. How did the country went from the times of the “Irish miracle” to the prolonged economic slowdown? Following the beginning of the 2008/2009 economic and financial crisis, Ireland was . . . → Read More: The Economic Future of Ireland