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Of course, if you're a wiemar fan, after Ben Bernake's helicopter drop, that $500,000 consulting fee might be fairly reasonable - with the ultimate purchasing power of a mickey dee's value meal item. No wonder he set the fee so high... snork..:p (not an inflationist myself. really. )

I don't think Bernake will choose scenario #1. He would not have accepted the job unless he made it known that he plans to follow scenario #2. With Bernake's inflation targets, realize that he can raise interest rates in such a way that it lags inflation. This creates inflation in the...

Looking at ETG currently - tax advantaged (15% tax rate) CEF which is weighted towards energies and 35% international weighted. It has narrowed from its 13% discount to about 9% but is yielding 6.5%. Looks like a bit of undistributed UNII from the annual reports, etc... I like it. Am...

Surprised that you're linking to Bill Bonner, EqtTrdr.... unless 100% up room to go is predicated on currency devaluation! Then you're right...

I'm sorry, did you mean the lenders or the buyers? One man's poison is another man's fortune you know...

Interesting. I am somewhat shy of emerging market debt, after its multi-year run up. Nor am I wild about its only 7.6% dividend currently for what is predominatly 'junk' (90 % BBB and below rated). I would suggest instead looking at EVG which is a varaible floater yielding 8.2% at a 9%...

I keep trying to get short the long bond structurally. It goes a bit my way, then comes right back to where I sold it. I'm not losing any money on the play, just time value/opportunity cost. Kinda annoying. Sorry, but I think we do a lot of nothing for a while until the long end of the yield...

Its pretty obvious that those with either means or brains can simply repudiate their collective debt with their feet - its called immigration. Europe is in desparate need of bodies to support their aging population. With the failure of north africa and eastern europe to supply the necessary...

Sell the rumor, buy the fact. Short S&P & buy bonds, then rotate into oil/energy & commodity producers, short transports, consumer discretionaries. As oil price rises, mideast wealth likely to buy more XAU, so bullish for metals.

Conventional wisdom suggests $40bil - $50 bil is really a drop in the bucket. Besides, the FX market was not all that active, only trading in a single big figure range, so nothing really was probably done there unless it was done outside the market and hedge in options,etc.. I think the...

like most research published through investment houses, you can use it for many uses: 1. Cleaning up after your dog 2. Rolling up and starting your fireplace 3. mulch

ummm... ever heard of the 'jobless recovery'? Last I checked, we were outsourcing all of our high paying technical and research jobs to india, and our mid paying manufacturing jobs to china and everywhere else. The McKinsey analysis of outsourcing creating jobs back in the US is...

That was a worthwhile opinion. Thank you. Do you think the primary driver of these higher values is the devaluation of the dollar relative to other currencies by exchange rates (i.e. US equities with global footings maintain their current values by increasing 3x as EUR/USD goes to say...

I liked the nikkei at 16K. I like it even more at 15300. I suspect I will like it even more at 14000 and change. Good Strong bull run since 12K with the last run up above 16K on lower volume signified upcoming correction. Big deal. USD JPY strengthened from 124 to 113.7 same time -...

ALTI... what a disappointment. Got burned for a buck on that one before I got wise! Seems to be a lot of smoke and mirrors. We will see what happens to this new release, although it does seem to have SOME substance to it, although in days following similar releases in the past, the truth has...

Not sure what is happening with gold. The pullback to 490 from above 500 was very quick and the run-up to above 550 was equally as quick. I thought for sure that CB intervention in the form of sales would happen. If it did, there is MUCH more demand that I percieve. CB's may be waiting...

Isn't silver really the sleeper here? I liked it at $5.50 a lot. :D Have really no idea what its upside limit should be though. I still think someone wants to come in and smack this hard back down to 500 ish.

And that's really the issue, isn't it? The loss of price stability that is coming is pretty much an undisputed issue. It is probably the only thing that will cause the US collectively to get off our rears and compete for real. And I think we will, but not without a lot of pain for a while...

After Merkel's and Bush's meeting today, all I want to do is buy more energies. Went long BGR recently: as of 1/12/06: NAV: 29.88 Price: 26.50 Discount: 11% Yield: 5.6% Only a 25% exposure to MLP's which is fine with me. I have been a bit lazy but believe this CEF is the lowest...

OK - here's my macro opinion and why this garbage above won't come to pass. Today's conference with Bush and Merklel of Germany marked a sea-change in Europe's viewpoint towards the middle east and the muslim fundamentalist issue. Congratulations, french muslim rioters, british terrorists...