Originally published by Market Commentary by Commstock Partners, Inc. on April 18, 2013 Read the original article.
To gauge the current state of the stock market, look no further than the economy. As far as the market is concerned, everything else is random noise. Recent data releases make it quite clear that the economy lost momentum in March and is continuing into April as the overwhelming majority of reports come in below [...]
Originally published by Market Commentary by Commstock Partners, Inc. on April 4, 2013 Read the original article.
The market appears to be running into some technical problems at the same time that the fundamentals are showing sign of deterioration. Recent U.S. economic releases have tended to be disappointing, while the global economy is either in recession or reporting slower growth. At the same time the situation in Cyprus is still festering, Italy [...]
Originally published by Bloomberg on March 20, 2013 Read the original article.
In a March 20 Bloomberg article titled “Why Global Economies Face an Age of Deflation,” deflationist Gary Shilling reminds us that “The last meaningful episode of deflation was in the 1930s.” He goes on to make his case for why the world faces deflation again. Here is an edited excerpt: In recent years, monetary and [...]
Originally published by Bloomberg on January 27, 2013 Read the original article.
Here’s an excerpt: I have structured my investment themes for 2013 in two ways. The first is geared toward the current “risk on” climate, even though I doubt it will endure. The other is a “risk off” scenario that I believe will unfold once investors recognize the unsustainability of what I call the Grand Disconnect [...]
Originally published by CNBC.com on September 28, 2012 Read the original article.
For the first time since Q1 of 2008, Societe General strategist Albert Edwards has reduced his equity allocation to the 30% minimum. He believes the Federal Reserve’s monetary policy will prove a disaster. Moreover, in a CNBC article, Edwards points out an unusual divergence between the bond markets and implied inflation expectations. Here’s an excerpt: [...]
Originally published by The Globe and Mail on September 30, 2012 Read the original article.
Money manager and deflationist Gary Shilling believes QE3 will only delay falling consumer prices. He sees a deflation rate of 2% to 3% a year for the next five to seven years. In a Globe and Mail article, Shilling mentions what he thinks will bring deflation to the economic front and center. Here’s an excerpt: [...]
