What follows are some random snippets from the dozens of private newsletters I receive everyday in the course doing buisness. They are in no particular order, just fragments that jumped out at me that I wanted to share with you guys. Each snippet comes from a different source. Of course, I have my own opinions, but why don’t we listen to the buzz amongst the investment pros, for now:
Lower interest rate cuts don’t revive the DOW anymore. Indeed, the anticipation of rate cuts causes giddy hysteria which, when the actual cuts are discussed, turns sour as investors realize that this nostrum won’t nos or strum…. I also speculate that the rate cuts by the Fed this last 4 months is directly feeding the gold bubble. This is very much like the economy before Volker and Carter forced interest rates up and up and up until it killed inflation and the gold bubble.
The author goes on to note that only Carter (and a few courageous Presidents before him) had a clue about the bigger picture, and bascially saved the American economy from serious harm by taking uncomfortable measures during his own term.