Wikileaks has uncovered a declassified cable from John Huntsman indicating China’s clear understanding of the growing tension and comprehension of the ability of the US to entirely destroy it economically with one swipe of the Presidential pen via a massive devaluation of the USD or repegging to gold. Evidently, while we may be used to …
Category Archive: US Economy
Permanent link to this article: http://www.wealthson.com/1708/will-us-peg-dollar-to-gold-again-china-is-afraid-wikileaks
Sep 15
Investing style of new Berkshire Hathaway Portfolio Manager Ted Weschler
Ted Weschler recently became the second of possibly three portfolio managers of Berkshire Hathaway, part of a group in line to take over the entire equity and debt portfolio of the greatest investor of all time, Warren Buffett, upon his retirement. Prior to accepting the offer, Weschler managed his own private investment firm, Peninsula Capital …
Permanent link to this article: http://www.wealthson.com/1707/investing-style-of-new-berkshire-hathaway-portfolio-manager-ted-weschler
Sep 14
Poverty rising and income falling in US
US census report is out and it is disheartening. The U.S. poverty rate rose to the highest level in almost two decades and household income fell in 2010, underscoring the lingering impact of the worst economic slump in seven decades. Data released by the Census Bureau today showed the proportion of people living in poverty …
Permanent link to this article: http://www.wealthson.com/1693/poverty-rising-and-income-falling-in-us
Permanent link to this article: http://www.wealthson.com/1645/ron-pauls-answer-from-ames-2011-debate
Aug 20
US Treasury Yields indicating recession might be near: Bill Gross
Historically, fall in government bond yields to a very low level are indicative of onset of recession. If current yields have to be believed the recession might be nearing, thinks Bill Gross of PIMCO. PIMCO manages funds worth $1.2 trillion. On Thursday, the yield on the benchmark 10-year U.S. Treasury note dropped below 2 percent …
Permanent link to this article: http://www.wealthson.com/1643/us-treasury-yields-indicating-recession-might-be-near-bill-gross
Aug 19
CDS prices for European nations show high chances of default
It is becoming clearer with every passing day that European Union nations might default on their debt payments in coming years. A look at the Credit Default Swap prices tells us that if markets have to be believed there are high chances that countries like Greece can default within next 5 years. CDS prices of …
Permanent link to this article: http://www.wealthson.com/1642/cds-prices-for-european-nations-show-high-chances-of-default
Aug 19
Why Treasury Yields went down when US was downgraded ?
This was a phenomenon which one hardly sees in his lifetime. When US was downgraded from triple A rating to AA+ by S&P on 8 Aug 2011, it was thought US Treasury yields would go up which would cause interest rates to go up. Well, if we go by the books, it should have happen. …
Permanent link to this article: http://www.wealthson.com/1637/why-treasury-yields-went-down-when-us-was-downgraded
Recent Posts
- Greenspan says equity stimulus is driving economy ..no sir, markets are not economy!! May 2, 2012It seems Alan Greenspan, former chairman of Federal Reserve, is speaking ‘Bernankian’ language these days which precisely means ‘Fed is always right’. Here are few important things he said in an interview on Bloomberg: Fed rates didn’t cause housing bubble Stocks are CHEAP Equity stimulus is driving economy Equity stimulus is underestimated Housing markets a […]
- European Economic summary for 22nd March 2012 March 22, 2012Eurozone PMI Composite 48.7 – lower than expected. Consensus 49.6. Previous 49.3. Eurozone PMI Manufacturing 47.7 – lower than expected. Consensus 49.5. Previous 49.0. Eurozone PMI Services 48.7 – lower than expected. Consensus 49.2. Previous 48.8. Eurozone Industrial Orders s.a. -2.3% m/m – lower than expected. Consensus -2.2% m/m. Previous 1.9% m/m. Revise […]
- Why is crude oil going down again? March 10, 20122 weeks ago when crude oil was rocketing up, many analysts came up with different explanations why crude oil would reach $140 and some said it would go till $180. That doesn’t seem possible to me anymore. Firstly let us see why everyone was so upbeat on oil: US WOULD ATTACK ON IRAN SUPPLY SIDE … Continue reading » […]
- Ratings and Outlook of European countries by three major rating agencies March 10, 2012Let us see where these countries stand as per their ratings by rating agencies and find out who would go burst in which order. It seems Germany is the only country for which all the three rating agencies unilaterally agree on stable outlook. UK, Netherland and Austria are in stable zone. But look at the … Continue reading » […]
- Why Greek PSI deal is a credit event March 10, 2012Zero Hedge comes up with amazing analysis and prediction most of the time. Here is another flow diagram from them showing CDS triggers as the only possible outcome with the current Greek PSI deal. As seen from the diagram, there is high probability CDS triggers (of the sort highlighted in red circle). Even if that … Continue reading » […]
- Fascist European Union and Greek revolution March 8, 2012[…]
- Crude Oil cruising towards year high February 23, 2012Crude Oil (WTI) is going high everyday. As I write this article it stands at 108.56 and shows no signs of moving down. If it goes like this then very soon we would see crude oil at $115 which is my target for now. It would probably consolidate around those levels before again taking a … Continue reading » […]
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Name: Hitesh