| The Daily Reckoning The World's Richest Third-World Country By Bill Bonner. "Ireland is richer than almost any country in Europe - on paper. Housing prices have gone up so much, even the average homeowner has gotten rich...And yet, there is something dismal and fraudulent in the whole thing." The Immature Chinese Bubble By Bill Bonner. "What we notice is that prices in China have not reached the levels seen in the other notorious bubbles. On the other hand, the rise in Chinese share prices is much steeper. It has all happened in the last 18 months." More Bad News for Housing By Chris Gaffney. "The reports released yesterday also show that home values in 20 U.S. metropolitan areas fell the most in at least six years, weakened by a record supply of properties for sale." Man Made Catastrophes By Bill Bonner. "It is tempting, of course, to take the weather for a market metaphor. Both are natural systems. Both are marked by cyclical patterns, broadly predictable - and punctuated by surprises." Housing Continues to Slow By Chris Gaffney. "The Fed policy makers continue to be more sanguine on the outlook for housing and the economy. Fed Chairman Ben S. Bernanke said earlier this month that restrictions on the availability of mortgage credit will slow housing demand." Turning Buyers Into Chumps By Bill Bonner. "A Reuters report tells us that the Zimbabwean greenback was pegged to the U.S. model back in April at the rate of 15,000 to one. But now it is June and a single U.S. dollar bill will bring you a stack of 200,000 Zimbabwean dollars." Elliott Wave International NewsWire European Stocks: No S-PAIN, No Gain? The main engine of Spain's economic growth has been real estate. In the 12 months ending March 2007, home prices rose by a national average of 7.2%. But there is an integral stage of every mania in which warnings from the professionals go unheeded by the public. Is that time at hand in Spain? Read on... A Classic Tale Of Rags To Riches Here's a trivia question: Which country has the highest number of billionaires in the world? Correct, the United States. As of February 2006, the U.S. had 371 of them. Germany is second, but which country is third? Saudi Arabia? Hong Kong or China? Japan? Nope. The answer might surprise you. Gold & Silver's Big Sell-Off: What Happened? Tuesday's sell-off in precious metals was fast and deep. At one point in the intraday trading, silver was down 5%. What happened, you ask? Here's a conventional and not-so-conventional explanation... Read on. Market Watch: How Can You Use the Tax Revolt Indicator? What is written every day in the financial media suggests that most people believe that economic and political events move the stock market. But some market veterans observe that events seem to "cast their shadow from the future," making the stock market appear to lead the way. They attribute that to "smart money" correctly guessing future events. What is leading what? Read on... Market Watch: CDOs, Tomorrow's News Today Yesterday's "Contagion of Ideas" continues today as you watch fearful ideas spread through the debt market. The problem: those pesky collateralized debt obligations -- CDOs -- about a trillion dollars worth of obscure, multilayered, illiquid, mysterious and undefined securities that contain large amounts of subprime mortgage debt. Well, maybe it's a trillion. Nobody really knows and it's hard to find out. By the time we know for sure it may have evaporated into much less. Read on... China: Head In The Clouds? With its domestic stock market soaring 254% since the end of 2005, its cultural arena gearing up to host the 2008 Summer Olympic Games, its infrastructure clearing the path for the longest trans-oceanic bridge in the world, its economic sector making way for a record-high trade SURPLUS and a widely expected 11% GDP, and its financial district changing face with office fronts such as Google and Rolls Royce, some would say the sky is the limit to China's growth prospects. Well, never before has such a sentiment come closer to the truth... Read on. InvestorsInsight: Financial Intelligence for Informed Investors What We Now Know - Week of 06/26/2007 CLASSIC EDITION Forecasts & Trends - Goodbye To Alternative Investments For Many? The SEC plans to hike the "accredited investor" net worth requirement from the current $1 million net worth (including your home) to $2.5 million (excluding your home), and this change could happen any day now... Mauldin's Outside The Box - The Relative Performance Derby And Other Evils Of Modern Investment This week in Outside the Box we take a gander at the always-insightful research of good friend James Montier, who poignantly addresses the pertinent topic of portfolio diversification and the pitfalls that ensue on account of benchmarking, wherein investors obsess over relative performance... Thoughts From The Frontline - Blame It On Stability This week we look at length at an outstanding new book just hitting the bookstores by good friend Paul McCulley (of Pimco fame), called Your Financial Edge . The main themes will give me an opportunity to weave in a few thoughts about some recent data, and a lengthy telephone interview... RightSide Advisors News Feed 200 Day Moving Average Support The latest in technical analysis on the Qs Eagle Materials Still Flying High / Illinois Tool Isnt Working Chairman of Eagle Materials buys $14 million in shares Bill DAlonzo: High on PCP DAlonzo buys over $167 million of Precision Castparts Resistance Continues. The latest in technical analysis on the Q's. Thornburg Mortgage: Is Wall Street knocking at the door? CEO of TMA buys $2.2 million in shares. |
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