The risk of being fully invested in markets is no longer commensurate with current market levels. Central banks have created the third major bubble in the last fifteen years. This one is bigger than the prior two and will burst in a more dramatic fashion. This conclusion is now predetermined. Only the timing remains unknown. […]
No economy can grow or prosper when it rewards people for not working. Listen to this interview. When it is rational for people not to work, many will choose that option. There is nothing new about this observation: Repeal that [welfare] law, and you will soon see a change in their manners. St. Monday and […]
Whether the light at the end of the economic tunnel represents sunshine or an on-coming train depends on whom you ask. I am of the opinion that it is a train a comin’. Economic matters cannot get better until we hit bottom and rebuild from the ashes. That need not be except government policies drive us […]
“Capitalism is not things; it is a mentality.” So stated Ludwig von Mises in a talk in mid 1952 in a series of lectures entitled Marxism Unmasked which he gave at the San Francisco library. Mises provided examples that illustrated this mentality or its lack. One pertained to India (my emboldening): Nehru [Jawajarlal Nehru, 1889 - 1964] […]
The middle class in this country is dying. Michael Snyder argues that ObamaCare is the final nail in the coffin: If there were any shreds of hope left that the stunning decline of the middle class could be turned around, Obamacare has absolutely destroyed them. Over the past decade or so, the middle class in […]
Few people will recognize the name Billy Jack. That seems proper, as he was a character in a low-budget film made forty plus years ago. For some odd reason, one of the lines popped into my head today from the movie. I thought the line represented how the economy is responding to government efforts to […]
Deferring rather than avoiding Economic Armageddon is the policy.
History tells us that we only get real changes as a result of war, famine, social riots or collapsing stock markets.
A very concise discussion (5 minutes) about the economy and gold. “QE Forever” I consider hyperbole. Nothing is forever, especially currency degradation: We Are In QE Forever – Famed Economist Oct 18, 2013 Guest(s): Satyajit Das Kitco News’ Daniela Cambone speaks with famed economist and derivatives expert Satyajit Das about the current state of the […]
Politics cannot obsolete economics or mathematics. Most people don’t understand economics very well. To this group, “economic laws” are little more than economic suggestions or possibilities. A smaller group don’t seem to understand mathematics either. They are probably hopeless in terms of influencing them via logical argument. Most of us understand that mathematics is not […]
Suggested stops for the December rankings are provided below. These are mechanical calculations based on ETF volatility. As usual, the first column represents the price at the end of November and the second two columns represent possible stop levels. One is tighter than the other and whether you choose either or set your own is […]
The December rankings and performance of previous rankings are provided below. Suggested stop levels for each of the rankings will be provided in a separate post. December Selections
This update is based on market-close data as of November 22. Performance is based on beginning of that month’s rankings, assuming they were purchased and held for a full month. Stop placement or early selling would produce different results. So, too would different entry or exit prices. There is no way to account for early […]
The ranking of the 11 ETF Asset Classes routinely followed on this site is shown below. These rankings reflect the latest order produced by the algorithm used to rank individual ETFs. There have been some movements in these rankings reflecting recent market action.
The updated performance through November 13 is presented below. Additionally, the new rankings as of this same date are provided. Performance is based on the rankings as of November 1. The assumption is that you bought and held equal dollar amounts within a category and that you still hold these ETFs. If you entered at […]
Monty Pelerin's World discusses economic, political and financial issues from a free market perspective. All Posts
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