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This part of our Library contains hundreds of informative articles written by both Casey staff and outside contributors. Below are the most recent articles, but be sure to visit our archives too.
The Daily Resource 7/3/09:
Precious metals pounded again. Head into holiday weekend in a tailspin. Dollar rises. Jobs report is grim. Crude falls again. Recovery optimism on the wane. Base metals mostly lower. Economic data take their toll. All this and more in The Daily Resource 07/03/2009
CNC Commodity Night Cap - July 2, 2009
Commodities News - Oil - Gold - Metals - Grains - Quotes - Managed Futures - CNC Commodity Night Cap 07/02/2009
What’s In Store For US – Japan Of The 90’s or Argentina of 2002?
The inflation / deflation debate in the US is still alive and well. In deflation camp, there is the rising star du-jour Nouriel Roubini and old timer Robert Prechter. They argue the debt collapse would cause price deflation and depress world economies for years to come. The inflation camp includes Jim Rogers and Marc Faber, who said on May 27 2009 that “I am 100 percent sure that the U.S. will go into hyperinflation” 07/02/2009
Daily Pfennig: A Lost Decade?
An up-and-down day for currencies... Jobs Jamboree moves to Thursday today... China to buy more gold!... Sweden cuts rates!... and much more, including today's currency prices, in this edition of the Daily Pfennig - Your Eye on World Currencies!
07/02/2009
A “New GM”?
What brought GM to where it is today is a lack of focus on what mattered to its customers – while it was losing market share to competitors that built higher-quality cars at competitive prices and strived to anticipate what customers needed. GM tried to remake its image several times over the past 20 years… without ever changing. 07/01/2009
Technically Precious with Merv
For week ending 26 June 2009: Gold tried to rally during the week but the overall action was not too impressive. I guess the world is just not ready yet to collapse into ruin. Individuals, well that’s a different story. 06/29/2009
Beware of Zombies Wearing Lipstick
Before last fall’s crash, our economic views here at Casey Research were regarded by many in the mainstream as being extreme and alarmist. Unfortunately, they were also another thing: correct. 06/25/2009
Inflation or Hyperinflation?
Inflation is dead – long live inflation! We hear about the threat of hyperinflation in the media – is this for real, can it happen in the U.S.? Are we hyping up the word inflation, is it an inflationary play of words to grab attention to discuss the threat of hyperinflation? Let’s deflate the hype and put inflation where it belongs… at the forefront of your concerns. 06/24/2009
NOT GREEN SHOOTS — JUST FALLING LEAVES
While corporate earnings fell by some 38 percent in the first quarter, a dismal performance by just about anyone's reckoning, Wall Street took heart that the results were not as bad as the consensus estimates had predicted. Straws were frantically grasped. Buoyed by the resulting talk of “green shoots” and the hope of a relatively quick economic recovery, the Dow Jones Industrial Average surged nearly 40% from its lows. 06/24/2009
When is the Best Time to Buy Gold?
I bet you don’t own enough gold. Before you tell me I’m wrong, let me ask it this way... 06/22/2009
Property Rights Take a Hit
“Crony capitalism” is a term often applied to foreign nations where government interference circumvents market forces. The practice is widely associated with tin-pot dictators and second-rate economies. In such a system, support for the ruling regime is the best and only path to economic success. 06/17/2009
U.S. Dollar: the Good, the Bad and the Ugly
Russian President Medvedev suggests the dollar is on its way out; Russian Finance minister Kudrin says there is no substitute for the dollar. The Chinese see a need to diversify out of the dollar; the Japanese say their trust in the dollar is unshakable. Let’s look at this puzzle and make some sense of it. 06/17/2009
The Gold Storage Solution: Switzerland
At Casey Research, our task is to accurately forecast trends, do it early, and help investors profit from what we’ve found. Without claiming infallibility, we’ve gotten it right more often than not, and by distinctly profitable margins. 06/17/2009
Why Healthcare Is Killing America
Healthcare is the biggest segment of our economy. In the debate over who should pay for what or, increasingly, for whom, most people don't stop to understand just how large a portion of our society's money is dedicated to healthcare. 06/12/2009
Tupperware and ATMs– Gold Goes Mainstream
Are we there yet? Are we there yet? We gold bugs are like little kids on a trip to the zoo; we just can’t wait to get there. “There” being the elusive point in time when the gold mania (no, make that Gold Mania) hits and everyone and their cat will want to invest in the yellow metal... 06/09/2009
BUY!
Gold is starting to take off. The U.S. dollar is breaking down. These and other markets like global stocks and bonds are signaling that the worst of the financial crisis is behind us. 06/08/2009
Merk Investments: Bernanke's Math - Does It Add Up?
The current account deficit is down as we are less reliant on foreigners to finance our deficits; the government's deficit is increasingly covered by the domestic private sector as private sector borrowing is down. -- These were the approximate words of Fed Chairman Bernanke in testimony to the House Budget Committe. This statement is so troublesome, let's examine it a step at the time. 06/04/2009
How Equity And Currency Markets Behave After Financial Crisis
Debt-based monetary systems are inherently unstable. Money is created out of thin air by the banks and lent to government, consumers and businesses. In order to service and replay those debts, the borrowers take on more debts. Asset prices are inflated, and the vicious cycle continues until the debtors are unable to borrow or the banks are unwilling to lend. At that point the system snaps, everything is sold off, and we have a financial crisis at hand. In this paper we examine what happens to equity and currency markets in the aftermath of financial crisis. 06/02/2009
Gold Stocks in a Depression
While we think the odds are strongly stacked against it, particularly given the government’s furious pace of money printing, the prudent investor understands – and respects – the time-tested adage, “Nothing is guaranteed.” So while our chips sit squarely on the spot marked “inflation,” what will happen to gold stocks if we’re wrong? 06/02/2009
Obama Should Tell California to Drop Dead
During the height of New York City's financial crisis in the 1970's, President Gerald Ford had the good sense to turn down Mayor Abe Beame's request for a federal bailout. The refusal prompted the famous New York Post headline, "Ford to City: Drop Dead." More than 30 years later, as California Governor Arnold Schwarzenegger makes a similar plea to Washington, I hope President Obama will show similar restraint. Unfortunately, given Obama's recent string of unwise economic decisions, it's hard to imagine that his judgment will suddenly improve. 06/01/2009
The Second Crash – On the Way and Unstoppable
Tuesday, October 9, 2007 started as a nice day in New York City. A lovely early fall day, with the temperature still a balmy 80° at 2:00 in the morning. By evening, though, the temperature had dropped twenty degrees, the clouds had rolled in, there was thunder and rain. 05/28/2009
Where to Find the Best Deals in Physical Gold
Although the press has now set gold aside for hotter stories, I can tell you demand for gold coins continues at unprecedented levels worldwide, and production is still struggling to keep up. Read on to look at the most recent reports... 05/21/2009
Regional Banks Brace for Pain
Olivier Garret of Casey Research discusses the government's focus on regulating the big banks, when they should be paying more attention to community and regional banks. (This article is written by Riley McDermid of Markets Media Online). 05/20/2009
Were Stress Tests a 'Farce'?
Riley McDermid of Markets Media Online interviews Olivier Garret, CEO of Casey Research on the subject of bank stress tests. Read on to see what Olivier Garret has to say on the topic... 05/20/2009
Tax Revenues Tanking
While everyone else has been focused on the banks’ stress tests and how much government is spending to bail out troubled “too big to fails,” a disturbing trend on the other side of the equation is now emerging: how much (or rather, how little) the U.S. government is receiving in tax revenues. 05/18/2009
The Price of Oil
A scant 12 months later, the Dow is trying to stagger back from a plunge to 6,500. Home sales are hinting a possible turnaround, unemployment (even the official, conservative figures) is expected to reach double digits before long, “recession” and “bailout” are household words (often accompanied by four-letter ones), the dollar is recovering... and a barrel of oil is worth half that hundred dollars 05/15/2009
Gold Stocks – the Best Strategy for Portfolio Building
October 27, 2008 was the gold mining sector’s Black Monday, the day nearly every stock hit rock bottom. Hindsight makes it plain they got caught in the violent deleveraging that sucked down every equities market in the world... 05/11/2009
CHINA STIRS A POT OF GOLD
The 41 percent rally in Chinese stocks in 2009 from the 2008 lows dwarfs the single digit rallies in the U.S. and Europe. With Western economies still sluggish, eyes are turning eastward for solutions to the global economic riddle. As such, recent hints at the direction of Chinese monetary policy should be closely regarded. 05/07/2009
Splicing with Gene & Thom: Two Outsiders Getting Inside Numbers
Thom Calandra of Ticker Trax™ and Gene Arensberg of Got Gold Report go way back as friends, colleagues and students of natural resources. They’re talking about tracking the people worth their salt in metals and mining. 05/07/2009
Bigger Than Watergate?
Reportedly, Bill O’Reilly referred to a recent story out of our nation’s capital as “bigger than Watergate.” Whether the story is bigger than Watergate or not, it is definitely a scandal of huge proportions. 05/06/2009
Market-Based Stress Test May Relieve Anxiety
The stress test may be causing more harm than good. Why? Regulators should always have a good assessment of the health of financial institutions. If there are deficiencies in the process applied to regulate banks, then the process for the system as a whole should be reviewed. 05/06/2009
FUNDS HOODWINKED
THE Obama administration singled out hedge funds as the bad guys this week in its attempt to reorganize Chrysler. The accusation falls comfortably into the administration's view that unfettered capitalists on Wall Street and poor planning by short-sighted CEO's are responsible for our financial problems. 05/04/2009
Global Economics on Tilt – How to Protect Your Ass(ets)
We’re about eight years into the bull market, and gold has breached the $1,000 level twice and has spent weeks trading above the old high of $850. Some observers are now saying that gold’s pretty much had its day and that once the recession is over, it will retreat for good. 05/01/2009
TOO BIG TO SURVIVE
On April 20th, Bank of America announced a first quarter surge in earnings to $4.2 billion. At first blush, it looked like the kind of news that would ignite a stock market rally. Instead, the Dow closed down 289 points. Could it be that, despite the apparent good news, investors don't trust the banks or the economy? 04/23/2009
Bad, Worse, or Worst?
It’s time to call the global crisis what it is: the worst financial collapse since 1929. That’s no surprise to subscribers of The Casey Report, who have been amply warned over the last five years. But now even government officials, after trying to ignore the facts on the ground for the last couple of years, are admitting the truth of the matter. 04/20/2009
(Un)Intended Consequences: Uncertainty, Inflation & Inflexibility
Present policies may be sowing the seeds for the next financial crisis. Despite recent market optimism, we believe present interventions could produce significant future adverse and unintended consequences. Rather than curing the patient, the present initiatives may be overprescribing the patient with medication that cause significant side effects (and leave a bad taste in the mouth). 04/20/2009
Turning Bling into Ka-Ching
You haven’t worn it since you donned bell bottoms and danced to Saturday Night Fever. Yes, we’re talking about that gold chain that now looks suspiciously like a Mr. T starter-necklace. The one that’s done 30 years in solitary, locked away in a jewelry box. Have you ever thought of trading it for some cash, perhaps to a processor of scrap gold? 04/16/2009
Nothing
We don’t yet know how many trillions will be swallowed up by the government’s rapidly breeding herd of stimulus-bailout-help!help! measures. But additional bold steps are sure to come, some already in R&D and others to be invented on the fly to answer each new wave of bad news. Expect price tags suitable for proving how serious and determined the authors are. 04/10/2009
Be Careful What You Wish For
Apart from the obvious financial distress that the current economic crisis has inflicted on most Americans, perhaps one of the more irksome byproducts of the meltdown has been the inescapability of clueless economic blather. It's bad enough when so-called economists serve up the same Keynesian nonsense that has led us down the current cul-de-sac in the first place... 04/09/2009
Goldfinger Brown Rides Again
All the hot air emanating from the participants of the just concluded G20 Summit in London has, with the help of the breathless press, made its way into our neighborhood and lifted the Gordon Brown Alert wind sock atop the Casey Research headquarters... 04/07/2009