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"...My latest escapade with the microwave and the car made me aware of accrual accounting, and so I sat down and figured up that if I have to replace all my appliances and consumer goods every six years, on average, then two cars, two computers, the air conditioner, the stove, the refrigerator, the dish washer, the washer and dryer, three TV's, the stereo, the video games, not to mention the lawn mower and painting the house and all the rest of that constellation of stuff that defines "American standard of living," then it comes to about $60,000, and that means...

Home  l  Broadcast  l  Market Monitor  l  Top 10  l  Storm Watch  l  Sitemap  l  About Us Today's WrapUp by Ike Iossif 01.13.2004  Mon   Tue   Wed   Thu   Fri   Archive "Points of Interest" Last week (1-2-04) I said, "The indices are at a significant juncture. For the short-term (next week) NASDAQ offers the best answers, but for the intermediate and long-term we'll turn our attention to the NYSE, and the Dow.Take a look at the hourly chart for NASDAQ over the past six months. It has been moving steadily upwards in an orderly fashion within a well defined channel. Until...

Home  l  Broadcast  l  Market Monitor  l  Top 10  l  Storm Watch  l  Sitemap  l  About Us   Today's WrapUp by Jim Puplava 01.12.2004  Mon   Tue   Wed   Thu   Fri   Archive The Silver and Gold Train Wreck: Part TwoGold prices are up 2 this year after rising 20% last year. Gold prices have advanced 66% since reaching their nadir on April 2, 2001. The price of the precious metal is up but it is going higher, much higher than anyone can now imagine. Right now gold is acting as it should in the early stages of a new bull market....

The Great American Job Machine has long powered the US business cycle. It drives the income growth that fuels personal consumption. That internally generated fuel is all but absent in the current upturn. The US economy is mired in a jobless recovery the likes of which it has never seen. This has profound implications for the economic outlook, the political climate, trade policies, and the global business cycle. Contrary to popular spin, the US labor market is not on the mend. In the final five months of 2003, a total of only 278,000 new jobs were added by nonfarm businesses...

Global financial markets have commenced 2004 with extraordinary volatility and instability. As for U.S. equities, the Dow is about unchanged year-to-date and the S&P500 is up almost 1%. The Transports and Utilities are largely unchanged. The Morgan Stanley Cyclical index is up 1% and the Morgan Stanley Consumer index is about unchanged. But these major market averages do not illuminate the frenzied behavior exhibited by the broader market. The small cap Russell 2000 has gained better than 3% already. The S&P400 Mid-cap index is up 2% to a new all-time high. Speculative impulses are running rampant throughout the technology...

XXX >>> Streaming Video <<< XXX 01/09/04: Market Monitor- James Grant, Editor, "Grant's Interest Rate Observer PAUL KANGAS: My guest "Market Monitor" this week is James Grant, Editor of the widely followed publication, "Grant`s Interest Rate Observer." And welcome back to NIGHTLY BUSINESS REPORT, Jim. JAMES GRANT, EDITOR, "GRANT`S INTEREST RATE OBSERVER": Thank you, Paul. It`s nice to be here. KANGAS: You know, when you were last with us in early May and the Dow was around 8,560, the NASDAQ Composite at 1,500, you considered most stocks to be too expensive, although you did like the golds, which have done...

For the last 10 days, I have been reviewing over 500 pages of forecasts, predictions, and data from a wide variety of sources. Some have been extremely bullish and others make you want to just slit your wrists and get it over with. But even ignoring the extremes, which are almost always universally wrong, never in all my years have I seen such a wide range of opinion and disagreement accompanied by an increased hardening of those opinions. With a few notable exceptions, there are a lot of analysts who seem more sure of their view of the future than...

Home  l  Broadcast  l  Market Monitor  l  Top 10  l  Storm Watch  l  Sitemap  l  About Us Today's WrapUp by Tim W. Wood 01.09.2004  Mon   Tue   Wed   Thu   Fri   Archive THE DOW REPORT There is no doubt that 2003 turned out to be a good year for the stock market. What began as a bear market rally has ended in a mania. Some are now even saying that we never were even in a bear market to begin with. My study of market history simply does not confirm this view. All indications are that the current rally is a...

Home  l  Broadcast  l  Market Monitor  l  Top 10  l  Storm Watch  l  Sitemap  l  About Us Today's WrapUp by Martin Goldberg 01.08.2004  Mon   Tue   Wed   Thu   Fri   Archive "Right and Busted! The Peril of a Stubborn or Emotional Short Seller" (Homebuilder Discussion/Tech Analysis Follows) Any one with sanity and knowledge of business fundamentals knows that we are now in the 2nd or 3rd biggest American stock market mania of modern times. Still it is clear to me that as crazy as things are at present, they can get even crazier. Protecting yourself from losses on the short side...

Home  l  Broadcast  l  Market Monitor  l  Top 10  l  Storm Watch  l  Sitemap  l  About Us Today's WrapUp by Mike Hartman 01.07.2004  Mon   Tue   Wed   Thu   Fri   Archive Forecast 2004 I hope you all had a happy Holiday Season and I wish you the very best for a Happy New Year. It was nice to take some time off and separate myself from the daily market noise that can often distract us from the “big picture” perspective. As is always true, asset allocation will be the key to gains or losses for the coming year. More money will...

<p>PALO ALTO, California (AP) -- Amid rising hopes for a high-tech turnaround, there's this sobering sign: Martin Pichinson -- a man who has buried nearly 150 failed startups since 1999 -- has swooped into Silicon Valley like a vulture lurking over a pack of wounded animals.</p>

Whereof what’s past is prologue, what to come In yours and my discharge. — William Shakespeare, The Tempest The lessons of history shape all of us who are charged with the seemingly impossible task of predicting the future. They are the anchor for what could otherwise be an all-too-serendipitous task. There is always the risk that we become captives of an immaterial past that offers little insight into what lies ahead. The trick is to know which lessons from history are most relevant. Last year was a case in point insofar as the global economy was concerned: The “science” of...

Home  l  Broadcast  l  WrapUp  l  Storm Watch  l  Perspectives  l  Sitemap  l  About Us An Interview with Andrew Weissmanby Bill Powers, EditorCanadian Energy ViewpointJanuary 4, 2004 For this month’s issue Andy Weissman has generously agreed to share some of his research into the dynamics of the North American natural gas market.  Mr. Weissman is widely recognized as one of the foremost experts in the United States on energy issues and is currently Chairman of the Energy Ventures Group LLC, a boutique investment firm specializing in energy related issues.   During his 30-year career, Mr. Weissman has provided strategic advice...

Home  l  Broadcast  l  Market Monitor  l  Top 10  l  Storm Watch  l  Sitemap  l  About Us   01.05.2004  Mon   Tue   Wed   Thu   Fri   Archive ~ SPECIAL EDITION WRAPUP ~"Believe It!" by Jim Puplava & Eric KingFundamental Reviewby Jim PuplavaAn investor would be fortunate enough if he or she were to encounter one or two secular bull markets in their lifetime. Secular bull markets can last a long time and make investors a lot of money. If an investor can get onboard early enough and simply ride the bull, it is one of the few ways that real fortunes...

Dr Marc Faber's book 'Tomorrow's Gold' published just over a year ago was spectacularly correct in its predictions for 2003. This article updates his thoughts after another year in the financial markets. I remain convinced that the present 'strong' recovery phase in the US economy won't last for long, as it is totally artificial. There are simply too many imbalances in the system, as reflected by a record low national saving rate, record household debts, and record trade and current account deficits, for this recovery to lead to sustainable strong growth that would justify the present stock valuations. I have...

This is always a fairly intensive research time of the year for me, as I begin to format my thoughts about the possible trends for the coming year. Next week, I will sit down on Thursday and Friday to write my annual forecast edition. It will be a shorter letter this week, as I husband my energy for next week's marathon. But today we will preview one part of the puzzle that will be 2004: the housing market and its implication for interest rates. One of the secrets of the arcane art (it is not a science!) of economic forecasting...

How misconstruction of the monetary powers and disabilities subverted the Founding Fathers’ intent Dr. Lawrence Parks: Before I introduce Dr. Vieira, I want to spend less than two minutes positioning his topic. Our monetary system is an abomination. It violates almost all of the principles that civilized people hold dear: -- From the Biblical point of view, our monetary system violates the admonitions in Deuteronomy not to tamper with weights and measures, and, as clergymen pointed out after the Civil War, it violates the Eighth Commandment not to steal. -- Under Jewish Law, it violates the gnivas das commandment not...

[This is a transcription of a two tape set provided for free by Firefighters for Christ of a talk about the Federal Reserve System. Place and person names will probably be incorrect but the overall gist of what is going on is fascinating enough so that you will hopefully be able to overlook my errors. This work has been edited to make it more readable.--Moza] Creature of Jekyll Island Edward Griffin Introduction: Mr. Griffin is a graduate of the University of Michigan where he majored in Speech Communication. He is the recipient of the Telly Award for Excellence in TV...

Inflation tends not only to pressure, but to increase, the maldistribution of labour between industries, which must produce unemployment as soon as the inflation ceases. F.A. Hayek, Open or Repressed Inflation, 1969. The failings of the Macromancers who dominate contemporary economic reasoning can be encapsulated as follows: if you can't leave the house because the trousers Granny has bought for you are too long for your legs, you can solve the lack of fit by trying them on while standing on a chair. To explain what we mean by this, let us start by conceding that both Keynesians and...

The quickest way to hook a fish is you give it some idea that it has an easy target. That's why fishermen use artificial minnows. You give them a little tug with the tip of the fishing rod as you reel them in, so it looks like the poor little fellas are injured and struggling against the current. That's what a trout wants. An easy, free lunch. Many investors, unfortunately, are no different. As Richard Russell of Dow Theory Letters has often said, every bear market has a hook - some notion, often patently false, that keeps investors holding on...