Tuesday, August 2, 2022

Germany: Energy & Industrial Crisis

"Germany 1-year forward baseload electricity surges past €400 per MegaWatt/hour (MWh) for the first time ever. We are truly into crunching territory for the country's energy-intensive manufacturing industry. The current price is approximately 1,000% higher than the €41.1 per MegaWatt/hour (MWh) 2010-2020 average."

Javier Blas, Energy and commodities columnist at Bloomberg

Monday, August 1, 2022

Russia: I Haven’t Been Able To Get Out

"I did invest in Russia for all the reasons you mentioned (low debt, positive real interest rates) and more... I have not been able to get out (of my investments) because everything is essentially closed." 

- Jim Rogers, commenting on his Russian investments

Fighting Inflation Will Cause A Severe Recession

"While fighting inflation will cause a severe recession and high unemployment, those conditions alone won't reduce inflation. They'll actually make it worse. To reduce inflation we need positive real interest rates, very aggressive QT, and massive cuts in government spending."

-- Peter Schiff

Thursday, July 28, 2022

The U.S. Economy Has Been In Recession All Year

"The U.S. economy has been in recession all year. With yesterday's rate hike, more layoffs, and inflation continuing to erode purchasing power, the recession will deepen in the third quarter (Q3). In fact, Q2 GDP will likely be revised even lower."

-- Peter Schiff, economist

We Have Very High Valuations And Staggering Debt

It’s been 13 years since we’ve had big problems and that’s the longest in American history. It’s already overdue on a historic basis and it’s very expensive. It always goes down a lot when it goes down. We have very high valuations and staggering debt.

Friday, July 15, 2022

Going Against Your Trading Plan

"After a string of losses, desperate traders will often go against their plan, just to get even. Bad strategy."

-- Yvan Byeajee, trading expert

How Strong Stocks Behave

"During the late stages of a bear market (when news is terrible and most are bearish) money starts to rotate, and even though many stocks continue to experience volatility and the indexes may even go lower, the leaders hold up relatively well and emerge undetected by the masses."

-- Mark Minervini, momentum stocks trader

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