Is the QE Trade Over for Gold and Silver?

Hard Assets Investor made the observation – The QE trade is over, noting that price fluctuations in gold have been disconnected from monetary policy for a while. As a practical trading matter, Hard Assets Investor is correct. It seems now QE (quantitative easing) impacts the bond, stock and real estate markets but not the gold Read More →

Why Sentiment is a Poor Economic Indicator

Today’s Empire Fed index showed a very positive sentiment reading despite the economic data showing Shipments down Orders down Unfilled Orders down Delivery Time down Inventories down Number of Employees down Avg Workweek down Expected number of employees down Nearly all the economic indicators in the report were down yet, sentiment was up! The National Read More →

The Coming Real Estate Supply/Demand Inventory Reversal

Real Estate Supply and Demand Real Estate News “Housing prices have risen dramatically not because of simple supply and demand, but because the Fed literally created demand by making the cost of borrowing money artificially cheap” Ron Paul 2007 The real estate market as measured by price increase (not volume of sales) is recovering. This Read More →

Pay Per Click Advertising For Realtors® in Four Steps

Pay Per Click for Real Estate Agents Real Estate Marketing “Measurement is the first step that leads to control and eventually to improvement. If you can’t measure something, you can’t understand it. If you can’t understand it, you can’t control it. If you can’t control it, you can’t improve it.” – H. James Harrington Unlike Read More →

Fed Puts Markets on Notice:Possible Discontinuation of 24/7 Happy Hour

“Hitler will send no warning- so always carry your gas mask” – British Ministry of Home Security poster circa the Sitzkrieg* (October 1939-April 1940) The economy is already wearing an over sized Fed tailored suit and now the market is worried that the Fed might “taper” that suit. Here is what the Fed has already Read More →

Dallas Fed President – Fed Needs to Get off the Monetary Cocaine

Dallas Fed President Monetary Cocaine First it was the hard money Austrian Economic types like Ron Paul, Peter Schiff and Jim Rogers warning on the ills of the Fed’s monetary easing. In recent times we have heard similar warnings from the Bank of International Settlements, Bill Gross and even the Federal Reserve’s own advisory council. Read More →

The Bond King, Bill Gross Weighs in Against Monetary Easing

Bill Gross Against QE For the past few days the chorus has been getting louder: Monetary easing does not work and creates structural imbalances in the economy leading to systemic risks and asset bubbles. Today Bill Gross weighed in with this “Perhaps zero-bound interest rates and quantitative easing programs are becoming as much of the Read More →

The Bank of International Settlements Warns of Market Complacency in the Age of Monetary Easing

“A man hear what he wants to hear, and disregards the rest” -Simon & Garfunkel Another large banking organization published a warning today on the disconnect between the poor economy and the soaring markets. You can read about it here Get Free Updates From Smaulgld.com Subscribe to Smaulgld.com and get the free “In Case You Read More →

The Laws of Home Economics Don’t Apply To Economics

You Can Reheat a Souffle “You can’t reheat a souffle” Paul McCartney It looks like economics is not a dismal science after all. The Federal Reserve, via the injection of liquidity (i.e. creating money out of thin air) have proven that you can reheat an economic souffle. Just a few short years after the stock Read More →

Bad Economic News Continues to Support the Stock Market

“Markets can remain irrational longer than you can remain solvent.” John Maynard Keynes Today’s May reading of the Institute of Supply Management is just another in a series of underwhelming economic news. The reading showed a decline in manufacturing. But, no matter the markets rallied as they see it as a sign that the Fed Read More →