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FreeMarkets (37.29)

August 2010



Unusually Uncertain

August 31, 2010 – Comments (0)

On July 21, 2010 Fed Chairman Ben Bernanke stated that the economic outlook was "unusually uncertain".  These words from the man who less than a year earlier was seeing "green shoots".  [more]



The Tariff Race

August 30, 2010 – Comments (1)

Japan is now realizing that the Western democracies are raising tariffs without passing legislation, and that the Chinese have been smartly ahead of the curve for some time.  I've raised this point a few times now, most recently when I wrote in this blog "I am making a proclamation right here, right now that the U.S.A. is implementing the Smoot-Hawley Tariff Act right now, but it is far more reaching than the 20,000 or so items the 1930 version implemented.  This is on millions of goods - in fact it's on everything we import.  That's right EVERYTHING! "  [more]



Holy Volatility Batman!

August 27, 2010 – Comments (1)

Today is no different than many other trading days in the past two years.  We start the day up .5%, then we're down .5%, then we're up .5%, and it's only 11am.  [more]



Titanic Omen In Effect!

August 26, 2010 – Comments (2)

Any investor worth their salt has heard about the Hindenburg Omen, but the Titanic Omen is now FULLY in effect.  [more]



Why Everyone is Right! (Bulls & Bears)

August 24, 2010 – Comments (3) | RELATED TICKERS: MCD , RAH.DL , DBA

Volatility in the stock market is making for such interesting reading.  The Bears look at the market and say "We told you so!".  The Bulls look at the market and say "We told you so!"  [more]



Alstry, Right or Wrong!

August 20, 2010 – Comments (4)

There is no doubt that I put the famous (infamous?) Alstry in the title of this post to get easy rec's.  I do not deny that, but there is another reason to mention Alstry: Is he right or wrong?  [more]



I'm an Optimist!

August 18, 2010 – Comments (5)

Generalizations about people inevitably lead to assumptions that are not based in fact.  As a bear, people assume I'm pessimistic on the future.  Quite the contrary, I'm a HUGE optimist.  "What??" you ask.  [more]



Japan Strong Currency Conundrum

August 17, 2010 – Comments (2)

One area where economist really suck (and when I say one area I mean one of many), is looking at data points for a trendline.  They want their numbers to get bigger, after all the GDP grows when more money is spent by consumers and businesses.  In fact, they like big numbers more than most porn stars like big co-stars.  [more]



This Recession is BETTER than most Recoveries!

August 16, 2010 – Comments (4)

At least that's what the stock market is telling us.  The S&P 500 is currently ABOVE it's close on August 9, 2004.  Now really think hard and answer this very simple question, "Is the market going higher from here or lower?"  I could write another 2,000 words, but I think the point is clear.



It's Not the End of the World

August 11, 2010 – Comments (5)

Markets are sinking today and the numbers are pretty bleak, but it's not the end of the world.  In fact it's just a little reality catching up to the traders.  For three months the numbers have been gruesome, but the stock market decided to have the best July in almost a year.  No one knew why.  Sure you heard the talking heads saying the market doesn't care about the past three months.  You probably heard some analysts talking about a "V" shaped recovery.  [more]



Smoot-Hawley In Disguise?

August 10, 2010 – Comments (2)

It's well regarded by nearly every school of economics that the Smoot-Hawley Tariff Act of 1930 was a disaster.  In one bold stroke the U.S.A. decided to protect the jobs of its citizens by raising the prices on thousands of imported goods.  [more]



FreeMarkets Responds to "The Path of Free Markets" Blog

August 09, 2010 – Comments (24)

Hollywood Dan wrote an interesting blog (not about me, but about Free Markets).  I suggest you read it as I always suggest to read opposing views.  Dan is a self-described liberal and believes that gov't can do good things.  Unfortunately Dan doesn't understand libertarian or conservative beliefs, so hopefully I can enlighten him a bit in this blog.  Dan appears to be confusing us "Free Marketers" as either neo-Cons (like Dick Cheney) or just people who don't like change. I do not disagree with everything in the blog, so I've only chosen those areas where I disagree (italics are quotes from HollywoodDan's Blog)  [more]



Heading towards Inflation & Deflation (at the same time)

August 04, 2010 – Comments (14)

Stagflation was fascinating to economists, who couldn't figure out how you got inflation during a period of stagnant growth and high unemployment during the 1970's.  [more]

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