By John L. Chapman, Ph.D. June 27, 2012 Washington, D.C. Ahead of the European Council’s meeting this week, which will solve absolutely nothing in the Eurozone other than assuage the rather massive egos of the likes of the new French premier, the level of nervous chatter about a serious global recession borne of a Eurozone meltdown has increased. But scarce [...]
By Patrick Manning, Head of Strategic Investments: Recently my grandson who is 21 and my nephew who is 22 have expressed an interest in the stock market. Of course I encouraged both of them to pursue this interest, but suggested they first start by doing it in a play money account, rather actually investing. They are both in college and [...]
Thinking Things Over June 24, 2012 Volume II, Number 25: This Week's Historic ObamaCare Ruling and What It Means By John L. Chapman, Ph.D. Washington, D.C. The Supreme Court is set this week to announce its decision on the challenges brought by 28 states to the Patient Protection and Affordable Care Act of 2010, otherwise known as ObamaCare. The consequences [...]
The GSCI Commodity Index ((GSG)) consists primarily of Energy (71%), but also contains Agriculture (14%), Industrial Metals (7%), Livestock (4%), and Precious Metals (4%). The Dow Jones-AIG Energy Total Return Index ((JJE)) consists of Natural Gas, Crude Oil, Heating Oil, and Unleaded Gas. The DJ-AIG Grains Total Return Index ((JJG)) consists of Corn, Wheat, and Soybeans. The DJ- AIG Industrial [...]
By Jeffrey Snider, CIO, Atlantic Capital Management of Florida: In a world awash with digital fiat money, this constant need for liquidity measures is sometimes hard to reconcile with the sheer amount of digital monetary units created in the months since October 2008. But real liquidity is far more than quantity. When the banking world was in danger of falling [...]
From friend of Alhambra Brian Cronin: Greece is old hat for the time being. The world held its breath until the Greeks had their say. The center right pro-bailout party won with 80 seats (plus another 50 for coming in first) and by midweek a new coalition government was sworn in under New Democracy leader Antonis Samaris. But even they [...]
There is a lot to worry about these days and no shortage of individuals capitalizing on that fact. If you think the Mayans knew something about the cosmos that modern star gazers haven't figured out there are numerous websites that will assist you in deciphering the workings of the long count. If you believe the end of the calendar will [...]
By John L. Chapman, Ph.D. June 24, 2012 Washington, D.C. The Federal Reserve met this past week, and in his post-meeting press conference, Chairman Ben Bernanke reiterated that a tepidly growing U.S. economy is going to run in slow motion for a long time. Other U.S. data out recently, combined with the continuing slow train-wreck in Europe, have heightened investor [...]
The market adage “sell in May and go away,” worked well this year for about one month. However, the end of May during an election year has often been a good time to buy stocks. (Good Time In The Election Cycle, Crossing Wall Street) Maybe not this year.... “This crisis has not even started. It will take an extremely long time to reach its [...]
The Federal Reserve's FOMC Statement was released today, and to no one's surprise, the committee decided to continue and expand the Treasury maturity extension program dubbed Operation Twist. The Fed will increase its holdings in longer-term Treasuries by $267 billion, while selling the same amount in short-term Treasuries. Operation Twist is designed to put downward pressure on long term interest rates, [...]
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