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Featured Video: Rosenberg, McCulley, Mauldin, Gave and Barnes Discuss Economic Differences

Watch special video of David Rosenberg, Paul McCulley, John Mauldin, Louis-Vincent Gave and Martin Barnes as they discuss their different economic viewpoints. Moderated by Jon Sundt, president and CEO of Altegris. This animated panel discussion was filmed at the Strategic Investment Conference...

Featured Video: David Rosenberg on Inflation vs. Deflation

Watch special video below of David Rosenberg, chief economist and strategist at Gluskin Sheff & Associates, discussing the inflation vs. deflation debate. This powerful presentation was filmed at the Strategic Investment Conference 2011 in La Jolla, CA.

The Recession of 2011?

The data this week was just ugly. Even the uptick in the leading economic indicators, seized upon by so many talking heads, must have a large asterisk beside it. This week we look at the increasing probability that we are headed for recession, and the follow-on implications. Then I take...

An Economy at Stall Speed

The GDP numbers for the second quarter came in, and there is no way to spin them as anything but ugly. And the revisions were worse. We simply have to take a few pages to look at them. And, as I noted last Monday in the Outside the Box, I met with some ten Senators Monday afternoon (as well as...

What Happened to the Jobs?

The US jobs report came out this morning, and it was simply dismal. This week we look at not only the jobs report but also “what-if” proffers for the US and global economies. There’s a lot to cover, so let’s jump in.

The End of QE2?

What happens when the Fed is finished with QE2? I have been letting that filter into my thinking lately as I look at the economic landscape and the data we have seen the past few weeks. Correlation is not causation, as I often say, but all we can do is look back at what happened last...

The Unsustainable Meets the Irresistible

This week’s letter is a result of two lengthy conversations I had today, which have me in a reflective mode. Plus, I finished the last, final edits of my book, all of which is causing me to mull over the unsustainability of the US fiscal situation. There is a true Endgame here, and it may happen...

Unintended Consequences

Correct me if I’m wrong, but I seem to remember that one of the reasons for QE2 was to lower rates on the longer end of the US yield curve. Clearly, that has not happened? Today we look at come of the unintended consequences of monetary policy, turn our eyes briefly to consumer debt,...

The Morality of Chinese Growth

This week I am at a conference in Houston. I must confess that I don't attend many of the sessions at most conferences where I speak. But today, the guys at Streettalk Advisors have such a great lineup that I am there for every session. But it's Friday and I need to write. The solution? This week...

Earnings and Mr. Bear

"The stock market is a voting machine in the short run and a weighing machine in the long run." - Benjamin Graham

The voting part of the equation is tempered by fear and greed. It is largely emotional, although investors like to think of themselves as rational players. That emotion is driven by...

Consumers, Credit, and Complications

The evidence continues to mount that the US is in a recession. In this week's letter, we will look at the blind spot in the unemployment statistics, the continuing meltdown in the credit markets, and the simply awful service sector implosion in the ISM data, and then add a few thoughts on the...