Blog

Everyone should be taking note that the yield on the 10-year Treasury note this week climbed to a 9-month high. The T-note is sending a loud and clear message: interest rates are headed higher.

March 22, 2010 – Only a few decades ago, the United States was the world’s largest creditor nation.  American capital spanned the globe financing all types of investments in virtually every country.  But that dominance began to erode in the 1960s because growth in consumption in the United States was starting to outpace new production. Read more

There is a prevailing view held by American policymakers that debt and resurgent consumer spending will lift the country from today’s financial morass. The thinking goes that the road to recovery will be reached only if consumers once again start to borrow and spend.

March 16, 2010 – Gold has been stopped time and again in its decade-long bull market by recurring hurdles that appear at an ever-higher price.  During these encounters, several things happen, most notable of which is the growing bearish sentiment in the face of a seemingly insurmountable price barrier.  We are seeing that pattern repeatRead more

March 1, 2010 – As the financial crisis has unfolded over the last two years, the Federal Reserve has been responding in a variety of unprecedented ways.  Therefore, it is logical to assume that these never-before-used actions have altered long-established ways of viewing things.  One area that has been impacted is the US dollar moneyRead more