Central Banks Have Shot Their Wad – Why The Casino Is In For A Rude Awakening, Part I – David Stockman’s Contra Corner 07-25-15

Salient to Investors: David Stockman writes: The central banks have shot their wad after increasing their aggregate balance sheet from $3 trillion to $22 trillion over the last 15 years, which falsified financial prices. The coming deflation will bring a plunge in corporate profits and collapsing prices of vastly inflated risk asset classes. The

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Commodities Drop Signals Global Growth Concern: Chart of the Day – Bloomberg 09-22-14

Salient to Investors: The slump in commodity prices to a 5-year low signals investors are cautious about the strength of the global economy. Brent crude touched a 2-year low last week and iron ore at Qingdao is the lowest since 2009. Economists expect China to grow 7.4% in 2014, the weakest

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The 2014 Contrarian Investment Tour, From Rupees to Copper – Bloomberg 12-10-13

Salient to Investors: Lewis Braham writes: Contrarian funds can be a hedge of sorts, though a potentially volatile one as out-of-favor sectors tend to be cyclical and prone to booms and busts. Shorting is inherently dangerous as markets have been trending higher. Brian Singer at William Blair Macro Allocation Fund

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Our Chat With Jeremy Grantham – The Wall Street Journal 09-20-13

Salient to Investors: Jeremy Grantham at GMO said: Commodity prices fell for a hundred years by an average of 70 percent, and then from 2002 basically everything tripled and regained the whole decline in 6 years – tobacco was the only commodity that fell. The game changed because of the

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Jeremy Grantham – Charlie Rose 03-11-13

Salient to Investors: Jeremy Grantham at Grantham Mayo Van Otterloo says: The US is muddling through reasonably well in the short-term, but long-term we are in a slowdown unappreciated by most economists – because they are not interested in the long-term. US growth won’t ever return to previous levels because

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Best Metals Forecaster Smirk Sees China Recovering: Commodities – Bloomberg 11-14-12

Salient to Investors: Justin Smirk at Westpac Banking focuses primarily on economic cycles, central banks and financial markets to make commodity predictions. He says: Industrial metals will rally through June 2013 as the economy strengthens in China. China’s economy is at a turning point both for policy and inventories, said We are at the worst

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Chanos Sees No Shortage of Overpriced Stocks in U.S. Bull Market – Bloomberg 09-19-12

Salient to Investors: Jim Chanos at Kynikos Associates says: He expects declines in companies that may be inexpensive compared with earnings, like in natural gas, which have enormous cash needs, and iron-ore producers, where industry capacity will expand globally even as demand stalls because of China’s slowdown A number of high-profile natural gas companies may be in financial

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China’s $23 Billion Steel Push Seen Igniting Iron Ore – Bloomberg 06-06-12

Salient to Investors: Bloomberg analyst poll expects iron ore to rise to $152 a metric ton before year end on increased Chinese demand. Predictions: Korean analyst says commodity prices are close to a bottom and set to rebound on speculation China will stimulate its economy. Chinese analyst says Guangdong province needs more than 50 million

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