Silver as an investment

Category Archives: PE Multiple

David Stockman Derides The Delirious Dozen Of 2017

Authored by David Stockman via Contra Corner blog, We have previously noted the massive market cap inflation and then stupendous collapse of the Delirious Dozen of 2000. The latter included Microsoft, Cisco, Dell, Intel, GE, Yahoo, AIG and Juniper Networks – plus four others which didn't survive (Lucent, WorldCom, Global Crossing and Nortel). Together they represented a classic blow-off […]

The Difference Between GAAP And Non-GAAP Q3 EPS For The Dow Jones Was 16%

The last time we looked at the near-record difference between GAAP and non-GAAP Dow Jones earnings, we found that it had crept to a (virtually) unprecedented 25%. To be sure, that was exactly one year ago, when the economy was perceived as being in worse shape than it is now, thanks to the narrative of […]

Amazon Slashes Whole Foods Prices In Round 2 Of Grocer Wars

Three months after Amazon slashed some Whole Foods prices by as much as 43% on the day its purchase of the grocery chain closed in its first (of many) attempts to steal market share from competitors by selling at a loss, today Amazon announced round 2 of the grocer wars, when it unveiled even more […]

David Stockman Warns The Market’s “Chuck Prince Moment” Has Arrived… “Only More Dangerous”

Authored by David Stockman via Daily Reckoning, On July 10, 2007 former Citigroup CEO Chuck Prince famously said what might be termed the “speculator’s creed” for the current era of Bubble Finance. Prince was then canned within four months but as of that day his minions were still slamming the”buy” key good and hard: “When […]

“The Jinga’s Up”

Submitted by Jason Leach via FusionPointCapital.com, "Pulling Awesome Forward", printed on inauguration day, discussed how markets had priced in a lot of good with the S&P 500 rising ~8% since the election. A number of economic "positives" including infrastructure spend, tax reform, healthcare reform, and deregulation built a relentless bid in equity markets. And, myriad […]

Is Janet Yellen Concerned About “A Bubble In Stock Prices”? This Is Her Answer

Three months ago, Janet Yellen was asked during the last FOMC press conference if she was “worried about bubbles in the economy because of our prolonged low interest rates?” Her 169-word response was the following: Yes. Of course we are worried that bubbles will form in the economy and we routinely monitor asset valuations, while […]

On The Impossibility Of Helicopter Money And Why The Casino Will Crash

Submitted by David Stockman via Contra Corner blog, As the stock market reached its lunatic peak near 2200 in August, the certainty that the Fed is out of dry powder and that the so-called economic recovery is out of runway gave rise to one more desperate pulse of hopium. Namely, that the central banks of […]

America Needs A Good, Old-Fashioned Economic Depression

Submitted by Jay Kawatsky via The National Interest, Artificial measures to stave off a downturn will only make it much worse. Describing what he called the “crack-up boom”, Ludwig von Mises, the great Austrian economist, said: The boom cannot continue indefinitely. There are two alternatives. Either the banks continue the credit expansion without restriction and […]

ZeroHedge: Institutionalized Lying – Why Central Bankers Never See Bubbles

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Submitted by David Stockman via Contra Corner blog, Every day there is more confirmation that the casino is an exceedingly dangerous place and that exposure to the stock, bond and related markets is to be avoided at all hazards. In […]

ZeroHedge: Janet’s Jabbering Leaves Investors “On The Edge Of A Live Volcano”

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Submitted by David Stockman via Contra Corner blog, You have to wonder whether there are any carbon units left in the casino. The robo traders and HFTs, of course, have an attention span of 10 milliseconds. So their utter lack of concern […]