US durable goods orders crash the most in three years and house prices are still falling
Recovery? What recovery? Anybody might ask that after seeing that US durable goods orders slumped by 4.2 per cent in March, the biggest fall in three years. That’s an acceleration of the decline, no recovery!…
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Stocks tumble as eurozone problems return and Chinese and European manufacturing contract
US futures fell and stock markets tumbled around the world as data showed Chinese and European manufacturing contracting while French president Nicolas Sarkozy looks likely to lose his battle for re-election and the Dutch government…
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US house starts still in depression and US manufacturing falls again, where is the recovery?
Amazingly the IMF managed to raise its forecast for global growth by a tiny fraction on the day that US housing starts came in below the most pessimistic of forecasts and US manufacturing activity declined…
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Man who made the best trade in history shorting subprime is now shorting eurozone sovereign debt
Bloomberg’s Erik Schatzker, Stephanie Ruhle, Scarlet Fu and Sara Eisen report that John Paulson, the billionaire hedge-fund manager seeking to reverse record losses in 2011, told investors he is shorting European sovereign bonds. They speak…
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Gold and silver stocks probably the best buy after the stock market correction
We note the current enthusiasm for precious metal stocks by some commentators at the moment. It is true that valuations are cheap by any historical measure looking at price-to-earnings or even dividend yield. Yet what…
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Apple and Google taking US stocks down as they spiked in Q1
Over reliance on a few stocks to keep a stock market rising is a classic sign of rally fatigue. The giants can keep the momentum going until even they begin to fall under the weight…
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Major storm clouds gather again in global financial markets
Why would anybody chance their money by investing in global financial markets that look this risky, except to go short and bet against them? This is probably what many investors are mulling as they stare…
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Economist Gary Shilling says S&P 500 to slump 43% from its recent peak this year
Economist Gary Shilling spoke about the outlook for the US economy with Bloomberg Television’s Adam Johnson and Stephanie Ruhle this afternoon and said that the S&P 500 will drop 43 per cent from its recent…
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Stock markets crumble as Spain becomes the next Greece only much bigger
Just when the eurozone sovereign debt seemed to be off the front pages after the largest default in the history of sovereign debt yields on Spanish debt have jumped above six per cent amid strong…
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Ben Bernanke likely to delay QE3 until after a correction says Marc Faber
Looking rather like a divine savant Dr Marc Faber speaks via Skype from his home in Chaing Mai, Thailand on Yahoo Finance. He is no fan of Fed chairman Ben Bernanke…
‘I wouldn’t want to…
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