Saturday, September 12, 2009

World Financial Report , Sept 11, 2009

click here for audio

Frontier Markets Offer Opportunities, Mobius Says

The least-developed nations may offer interesting opportunities for investors seeking “tomorrow’s emerging markets,” according to Templeton Asset Management Ltd.’s Mark Mobius.

Templeton has opened offices in Vietnam and Dubai in the last few years to take advantage of “exciting opportunities” in Southeast Asia’s Mekong River region and so-called frontier markets in the Middle East, Executive Chairman Mark Mobius said in a report. Slovenia, Romania, Croatia, Kazakhstan and Ukraine are also starting to show promise, he added.

“Frontier markets are looking interesting and could become tomorrow’s emerging markets,” Singapore-based Mobius wrote in the report, which was posted on Templeton’s Web site today. (more)

Smart Money (10/2009)

FREE download click here

The Economist September 5th - September 11st 2009

FREE download click here

Business Week (21/09/2009)

FREE download click here

On the Edge with Max Keiser - 11 September 2009 - Interview with Rob Kirby

13 Reasons for Major Gold Breakout

Before the Hat Trick Letter was launched, a little splash was made when a Jackass Nobody wrote "25 Reasons Why Gold Will Rise" in November 2002. It was so many years ago that the piece no longer appears in archives. [Editor's note, that article is here] The motive for the article was simple. Just too much pure nonsense and genuine rubbish had appeared in the financial press about why gold was rising. 'THEY' claimed the gold price was rising from MidEast tensions, from new global tensions due to a False Flag attack on New York City in broad daylight, and from other factors clearly irrelevant to gold. It was not disinformation so much as stark ignorance and stupidity, perhaps even compromised marketing from the fiat bowels on Wall Street. The crack analysts in financial circles overlooked the negative real interest rates offered by central banks, as the miniscule official rates were overwhelmed by price inflation, thus rendering gold a free pass profitable investment. Stupid inane mindless drivel continues to pour out today as to why gold has reached the $1000 level. In simple English, THEY HAVE ABSOLUTELY NO IDEA WHY GOLD IS RISING. The faceless 'THEY' had no idea in 2002 and 'THEY' have no idea now. The main fallback factor 'THEY' turn to is a hedge against price inflation, the basic kindergarten concept. The Wall Street machine still uses mental crayons, as nothing has changed. They are too busy building leveraged contraptions and forging collusions. Those who are aware in the Mainstream are dead silent as to why gold rises, since they realize their world is to vanish. (more)

Insiders sell like there's no tomorrow

Can hundreds of stock-selling insiders be wrong?

The stock market has mounted an historic rally since it hit a low in March. The S&P 500 is up 55%, as U.S. job losses have slowed and credit markets have stabilized.

But against that improving backdrop, one indicator has turned distinctly bearish: Corporate officers and directors have been selling shares at a pace last seen just before the onset of the subprime malaise two years ago.

While a wave of insider selling doesn't necessarily foretell a stock market downturn, it suggests that those with the first read on business trends don't believe current stock prices are justified by economic fundamentals. (more)

Mind Reels By The Mogambo Guru

As one more bit of proof that the education system of the United States is a dysfunctional piece of liberal crap, how else to explain the fact the far-leftist moron Michael Moore actually got funding, which assumes an interested audience, for his latest movie, titled Capitalism: A Love Story, which, according to Reuters, "launches an all out attack on the capitalist system, arguing that it benefits the rich and condemns millions to poverty." Hahaha!

Well, to be fair, it is not capitalism that condemns millions to poverty, but instead the poor are doomed by the destruction of the purchasing power of the little bit of money that they get and things cost too much for the poor to afford them, and which is deliberately caused by a government so stupid (audience shouts out "How stupid, Wonderful And Wise Mogambo (WAWM)?") that it deficit-spends money on the poor to alleviate their poverty by allowing the Federal Reserve to produce large, persistent expansions in the money supply with which to buy up the government debt, an expansion of the money supply which erodes the purchasing power of the money, so that the little bit of money owned by the poor doesn't buy as much! (more)

The best financial jokes of 2009 (so far)

Following up on the very popular Best Financial Jokes of 2008, here are a few more to enjoy on this long weekend and beyond. Some new ones and some oldies but goodies.

Timothy Geithner was out jogging without his guards. All of a sudden a man with a ski mask jumped out from behind some bushes with a gun.
The masked man said “Give me all your money!”
Unwilling to do so, Geithner said, “You can’t do this, I’m the US Federal Treasury Secretary!”
The man then replied,... “Oh, never mind then. Give me MY money!”

Bank of America-Merrill Lynch has adjusted its investment portfolio: 50% cash and 50% canned goods (more)

Chris Jylkka: Rough Times Ahead For Natural Gas

An interview with Chris Jylkka - energy trader... explores supply & demand situation for natural gas... predicts winter storage space may run out... "If storage does fill up—and it is on track to do that—these next five weeks or so are going to be very, very interesting. It will affect prices violently... it could drive natural gas to $1.00 or even lower" (more)