This is an official bottom call for Treasuries. TLT is a buy.
Believe it or not, this treasury paper is a buy at the current price of 106 and a change. The government is always updating its methodology, which is why TIPS are not trading above par, but soon the reality of inflation will be so obvious that even the government will be forced to admit at least some of it. I think TIP is down because of the sell-off in the ordinary Treasury bonds, but that one will not last long...
WASHINGTON (TMF) -- President Barack Obama says a congressional vote on the solar deal he negotiated with the Sun will determine whether the nation's economy "moves forward or backward." [more]
Confident that you can in theory raise rates in 15 minutes? So was Obama about his ability to repeal Bush's tax cuts for billionaires. How well did that play out? [more]
It may well be, in fact, even likely that the recovery happens anyway regardless of political manipulations in Congress. The tripling of the money base by the unelected president, Ben Bernanke, amounts to a 30 trillion dollar stimulus, which would rejuvenate even a cadaver. And Obama is right when he says that middle-class taxes will not go up (aside from the inflation tax, to be sure). However, this is not what was promised. The promise was to end the tax cuts for the top 2%. So what should one make of this tax deal? I thought it over (for about 1 second ;) and came up with this incredible conclusion: he just lied. [more]
Social Security income does not matter to the 250K-club, but health insurance expenses matter to them a great deal. And we are not talking about some very fancy insurance policy, but about a cheap and low-quality policy like Medicare. The same members of the club who realize they can't purchase such a policy from UNH feel at the same time that their Social Security income is chump change. Is there a problem with elementary logic? [more]
The sideways market is over. We are entering the next stage - parabolic growth of a market already prohibitively expensive. The old strategies that worked throughout 2010 will not work any more. New and better solutions must be found.
Not calling the top yet, this rally looks like the real thing. 1300 is easily within reach...
Quatar is the biggest idiot this week, for winning the right to throw away $54 billion building stadiums and dismantling them - all that to let several teams of 22 men kick the ball for 90 minutes in year 2022. [more]
I have been busy not buying silver for years, and overall I've done well enough by not buying silver. I have been not buying silver for practical purposes - to protect a portion of my net worth from disappearing in this money-incinerating instrument when the supply of silverbugs runs out, but I never imagined that my not buying silver would be a part of a political or societal movement. And of course I could never imagine that my not buying silver would become a statement of support for a hated bank. [more]