Archive - May 2012

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Greece’s Conspiracy Theory: Germany’s Only Out to Dominate

I could easily show you a Germany/Greece spread chart, comparing German bonds to Greek bonds, or German equities to Greek equities. But I’m sure you already know what that would


The Greek People and the Greek Government Are Committing Economic Suicide

Here’s a riddle. What industry accounts for 16.5% of Greek GDP, 20% of all jobs, and is about to sound the death knell for the country? Tourism. Unfortunately, the death


Blame it on the Whale?

JP Morgan’s stock lost 9% between May 10 and May 11. This, of course, was when Jamie Dimon first announced the $2 billion (and counting) trading loss attributed to the


We’ve Been Warning Since Last August That The Banking Sector Is In Trouble

It is no secret that JP Morgan suffered a $2 billion trading loss on May 10. That’s old news. What I want to talk about today is what caused this


Entitlement Spending Is Breaking Our Bank

Most critics of the federal budget get to talking about defense spending first, as it has been on the rise since 2000. But as you can see, we’ve spent more


Your (Non)Share of Entitlement Programs

Medicare is broke and broken. President Johnson introduced the program in the 1960s as part of his “Great Society.” He didn’t originate the idea of healthcare for the elderly, but


Caterpillar Proves Deflationary Period is Alive and Well

Thursday, May 17, 2012 >>   I used to love seeing Caterpillar equipment. It made me think of how much fun it would be to drive around on a crane,


Caterpillar’s Stock…

If Charts Could Talk This chart of Caterpillar tells a great “before and after” story. It’s also a textbook example of “resistance, once broken, becoming support.” That’s technical analysis speak,


Porter Stansberry Owes Me a Dollar because when Gold Falls, Dollar Rises

Wednesday, May 16, 2012 By Harry S. Dent Jr., Editor, Survive & Prosper   OK, he doesn’t owe me a dollar yet… but he will… at the end of the


This Pattern Forecasts a 1,500 Pip Drop Ahead for the Euro

The Euro has been forming a Head and Shoulders chart pattern since 2010. This suggests the euro zone’s currency peaked in 2008 and will continue to weaken. Here’s a close-up…