Market ObservationThe 24/7 casino—by invitation only! But the issue appears to go beyond bidding up shares frantically and irrationally in a bubble atmosphere, without taking the time to properly evaluate the fundamentals of the assets in which one is investing. It’s not just that U.S. equities trading no longer reflect the fundamentals of the real economy or individual companies occupying that economy, but that it no longer seems to be in the business raising money for investment in promising new ideas or technologies or allocating capital to those projects with the most competitive returns on a risk-adjusted basis. Indeed, from this author’s perspective, through some bizarre transmogrification, the U.S. equity market now competes with new ideas, new technologies and, potentially, high-return projects for capital. And any new capital it attracts is used only to invest in itself.
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Financial Sense Online Editorials10/21 American Pie by James Quinn
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10/12 Th*nk*ng (Prizes) by Fred Cederholm
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Financial Sense University Editorials10/21 A Golden Star is (about to be) Born. by Peter Degraaf
10/21 Attack by Central Bank Lilliputians by Jim Willie
10/21 Global Growth Trends – Asia and Brazil by Hans Wagner
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10/12 Dow Jones Commodity Index Fund Trading Opportunity by Chris Vermeulen
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10/12 Building the Labor Force with Forced Labor by Michael Pento
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