Petrobras Quietly Becomes the One Hottest Emerging Markets’ Stocks
Quietly Petroleo Brasileiro Petrobras (PBR) has become one of the hottest stocks in emerging markets. Bank of America Merrill Lynch upgrade today, Credit Suisse reiterates...
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Just How Polarized is the US Congress?
The public is often amazed at Washington’s inability to solve problems. Some have attributed that constant impasse to polarization in Congress – with very little...
Mish Interview With “Bitcoin Jesus”
Geoff Turk at GoldMoney stated in an email response: "I have spent quite a bit of time researching Bitcoins and have not found anything scam-like...
Egypt’s Economic Woes Becoming Acute
The Washington Post recently published a story on Egypt's growing black market, which is rapidly replacing the "official" economy......
Public and Private Sector Payroll Jobs: Bush and Obama
With public sector jobs down over the last several years (Federal, State and local layoffs), several readers have asked if I could update the graphs comparing...
Armageddon for Muni Bond Holders Lies Ahead
The Securities and Exchange Commission is worried that municipal bankruptcies, combined with an expected spike in interest rates, means that the muni bond market could...
Debt and Growth III
I’m going to try to make this post brief and comprehensible. It contains no information not in an earlier post but I delete a whole...
Will It Take Until 2015 for Japan to Experience Price Inflation?
In spite of fact the Yen is down about 12% on the year, consumer prices in Japan are still falling and some are already clamoring...
The Short Supply of Assets
Fantastic chart and data here from Citi Research showing the issuance of various securities over the last 10 years in the Eurozone, US and Japan....
Why Gold and Bitcoin Make Lousy Money
A desirable property of a monetary instrument is that it holds its value over short periods of time. Most assets do not have this property:...