All markets are up. Stocks are benefiting from the holiday season buyers.
Bonds are down, and you will be the payer of higher interest rates in the future. The FED is pulling back on their support of interest rates.
The Dollar rise has stumbled, and is now looking for new direction. Gold is still falling after a [...]
Dear economyguy reader,
As I travel across Europe over Christmas and New Year, I see what is going on here in more depth and have a chance to talk to the Europeans and see their economy through their eyes. Generally, things do not “feel” as bad here as in the US because the of social umbrella [...]
Iran Invades Iraq – Wild Card???
One small newsworthy article that hit the press a week ago was when Iran invaded an oil field in Iraq and raised their flag over this disputed area on the Iran/Iraq border.
Why did they do this? To be provocative? I don’t think so. I think they were sending a message [...]
Stocks continue their climb – actually they are going through a sideways trough right now.
Bond interest rates are rising – this is not a good sign.
The Dollar continues its strengthening
Gold continues falling – and I hope it continues for a long time because I want a cheap price to buy back in.
Oil and gasoline are [...]
Stocks fell on the solidly gaining Dollar. Bonds gained (lower interest rates) on the same news. The Dollar moved through some technical levels and gained dramatically against the Euro – over one cent. We haven’t seen these levels of the Dollar since the summer – hurrah as I am in Europe right now, spending Dollars. [...]
Stocks and bonds went sideways today.
The Dollar stayed steady too, and this is a big change from the daily strengthenings that have happened over the past week.
Gold recovered a little, and the next move is the important one.
Oil and gasoline both went up. Oil went up way too much for my liking. I think the [...]
Stocks fell as did bonds today. The major mover was the Dollar which gained one cent against the Euro. Oil gained over a Dollar which was a surprise. Gold and Gasoline went sideways.
Special Announcement – I will be traveling until mid January, so the economyguy news will be spotty at best, but don’t be forlorn, [...]
In the news today…..
Citibank – is paying back $20B of its $45B TARP money – and this will get them out from under the Treasury’s thumb. What happened to the other $25B? It was converted into Citibank shares. So, we, the taxpayers, own 31% of Citibank – not enough to control them, but enough to [...]
Stocks went up a little today on the retail sales news. Bond interest rates increased at the same time – continuing their sideways trough move.
The Dollar strengthened another cent against the Euro. This had the effect of reducing the price of gold, and reducing the price of oil/gasoline.
Gold is now approaching my first buy position [...]
Stocks were up slightly today, and bonds moved sideways in its trough.
The Dollar, Gold, Oil and gasoline all moved sideways today too – very boring.
In the news today….
Foreclosures – will hit 3.9 million in 2009. This compares to 3.2 million in 2008. While the number is growing, the price decline in 2009 is significantly better [...]