All Posts Tagged With: "Chuck Butler"

When Things Look Bleak the Dollar Goes Up

It doesn’t look as though it will be a Fantastico Friday in stocks. Yesterday was a bloodletting, overnight the Japanese stock market sold off 11%, and Europe is down about 9% at this point. UGH! But according to Chuck Butler, “When things look bleak, the dollar goes up… And when it looks as though all the stimulus might work, the dollar sells off…”

Chuck Butler: A New Trading Theme

How about those wily veteran central bankers? They all got together and decided to cut rates. The Reserve Bank of Australia (RBA) went first with their 100 BPS cut, and opened the rate cut sea for the rest of the central banks around the world. The European Central Bank, The Riksbank (Sweden), Swiss National Bank, Bank of Canada, Bank of England, and the Bank of China all lined up at the rate cut table. The Bank of Japan, The Norges Bank (Norway), and Reserve Bank of New Zealand did not participate.

Coordinated Central Bank Rate Cuts!

Yen trades to 98! Carry Trades unwinding hurt high yielders… Gold rallies back to $900! Central Bank rate cuts…. And Now… Today’s Pfennig!

Iceland Melts Down

Good day… And a Terrific Tuesday to you! Well… Folks… The wheels, what was left of them, are really coming off this economy. It’s a sad sight to see, but it’s happening nonetheless, and there’s no bailout, stimulus check, mortgage bill, truck loads of money supply, or whatever, that’s going to stop this recession bus.. Memo to Paulson and Bernanke… Don’t throw yourself under this recession bus…

The Deed Is Done

The House, which had previously voted down the Bailout Package, decided to go ahead and put the country in debt by another $700 Billion… Yes, I know it the payouts will be in installments, but in my mind it was in one swoop that $700 Billion was added to our debt… And guess what? The dollar rallied on the news!

Paulson Wrong Again!

Bailout package is voted down! Biggest one day point drop for the DOW! Dollar rallies hard… Carry trades unwind… Again! And Now… Today’s Pfennig!

What Should Be Happening in the Free Market

The Bush administration’s failed $700 billion bailout of the financial markets “constitutes the single greatest case of ignoring the free market in modern history,” according to Chuck Butler. Here’s what Chuck says should be happening in a free market. It starts with “an effective cleansing period” and is followed by “a healthy recovery period.”

Bailout Package Is Ready…

Ready to spend $700 Billion… Wachovia wants to sell itself… Dollar rallies hard… The rot on the vine spreads… And Now… Today’s Pfennig!

Early Indicators: ‘Massive Intervention’… Futures Rally…

– The US government has stepped in to fix the financial markets yet again with what the Washington Post describes as a “massive intervention” package. The administration plan, which received bipartisan support, “involves using hundreds of billions of dollars in government funding to buy bad loans, leaving banks with more money and fewer problems,” according to the paper.

– The bad debt plan may cost taxpayers up to $1 trillion, says CNBC.

– The Securities Exchange Commission further boosted confidence with a temporary ban on short sales of 799 financial institutions.

AIG Bailout Exposes Foreign Investors’ Lack of Faith in US

The bailout of AIG (NYSE:AIG) was supposed to calm investors fears of a financial collapse. But instead it just exposed just how bad things are, says Chuck Butler in Daily Pfenning. Foreign investors, who the US relies on to finance its huge deficits, have started to move their funds out of the US. This means lower living standards for US citizens, thanks to higher borrowing costs and a lower US dollar…

Receive These Valuable Investing Strategy Resources to Your Inbox Courtesy of Contrarian Profits

    Subscribe
We respect your privacy.
Choose any of the FREE subscription services below that you'd like to receive, enter your email address, and click 'subscribe'.
Contrarian Profits

The Daily Reckoning



Select Edition:
Penny Sleuth

Money Morning

Investor's Daily Edge

Money Morning UK

Investment U

Whiskey and Gunpowder

Taipan Daily

Offshore A-Letter

Today's Financial News

The Smart Profits Report

Casey Research