This Is A Depression

There aren’t many hard and fast rules when it comes to investing. There’s always an exception. Always. One of the few that’s as close to a rule as you’ll get is that bear markets go out with bang. Oil dropped 40%. People bought the dip. It dropped another 40%. People bought again. Then it dropped…

This Sucker’s Going Down

The opportunity in Brazil is playing out just as we expected. Maybe a little faster. Earlier this week we wrote: The combination of events — worldwide stock rebound, commodities bouncing back, and the very real potential of a new government — have brought a renewed hope to Brazil. Since then events have played out right…

China Death Spiral Update

China is flailing. Yesterday China announced a cut to the exchange rate of the yuan. According to mainstream economic theory, this move makes Chinese exports cheaper to foreign buyers and should kickstart economic growth. China wanted to use this announcement to show the world how committed it is to economic growth. It completely backfired. This…