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Monday, March 31, 2014

YELLOWSTONE EXPLOSION IMMINENT, RICK RULE STILL VERY MANLY, JOEY THE WEASEL THANKFULLY STICKS HIS HEAD IN A BUZZSAW: here's what you need to know


Here's some stuff to ponder:


Reformed Borker (Bork Bork Bork!) - so far so meh. He thinks 2014 is 1994 redux, and the broad S&P may do nothing this year. He thinks this because a couple weeks of sector rotation made the chart look bad. Quit being a pantywaist and buy the S&P, Josh.


FT Alphaville - the capex call. Investigating Rosenberg's thesis. Remember, just because Rosenberg clued in that permabearing had cost him a fortune in lost opportunities over the past 5 years does not mean that his new capex call is any better. But other houses seem to be happy to ride his coattails for now.


New Deal Democrat - weekly indicators show US doing well. Quote:
This week was the best week in quite a while, with continued improvement in recent trends.  It appears that much of the recent weakness was due to the unusually severe winter, and now growth is springing back.  Even consumer spending is improving.  Whatever concerns there may be as to 2015, the soft patch of early 2014 appears over.

BI - Japanese consumption tax will DESTROY THE WORLD. Typical hyperbolic article to get the muppets to sell Japan (and earn Joey the Weasel some extra clicks). Michael Shaoul doesn't seem concerned, since Japanese unemployment has hit a big low and commercial construction has picked up.


FT Alphaville - is Abenomics working? To Joey's consternation, yes. It's made Japanese output explode. Unfortunately the market seems to have already priced in a few years of Japanese success.


USGS - OH SHIT YELLOWSTONE IS ABOUT TO EXPLODE. This is why we own gold, people! When Yellowstone blows USTs go to zero, USD goes to zero, equities go to zero, and a lot of other things go to zero. This is why (if you're rich) you're supposed to keep 5-10% of your wealth in gold.


Mining.com - Rick Rule says "you survived the pain, why not stick around for the gain?" And he says this very, very heterosexually.


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