The words vary, but we get the same questionable message from a lot of economists: Inflation is virtually non-existent.
That’s also the view of Federal Reserve chief Ben Bernanke, who told a recent Congressional hearing that inflation was relatively low and would remain that way throughout 2012 and 2013, probably below the Fed’s 2% target.
But just maybe the economic fraternity should take his words with a grain of salt since the fact of life is that sharply rising prices are everywhere despite his repeated assertions that inflation is subdued… Read More
The Biderman Market Theory says that in all markets there is the house and then there are the players. I have talked a lot about the house in the stock market casino on many of these videos, particularly that the house, the public companies, have an advantage over the players. I rarely talk about the players and perhaps I should. The key question should be: What separates the few that are long term successful from the majority who regularly lose? Read More
TrimTabs President & CEO Charles Biderman sits down with best-selling author and Managing Director of Absolute Investment Management Robert Wiedemer, as the two talk about what lies ahead for the economy.
It’s one of the biggest questions in sports, and a billion dollar-plus question at that. Who will buy the LA Dodgers? Even Billy Crystal raised the issue at the Academy Awards ceremony, quipping “Why don’t we chip in and buy the Dodgers?” Read More
Pollyanna is alive and well on Wall Street. What I mean by that is many on Wall Street want to believe that a stock market up by more than $9 trillion, or 100% from the March 2009 low, has to mean that the US economy is in a healthy long term recovery. Unfortunately, the Pollyannas are wrong. Their evidence of an improved labor market, higher corporate earnings and the return of the housing market are all based upon misleading data…Read More
A common question out there is how to be a successful long term investor in a world where the financial markets are being manipulated by the US Federal Reserve, the European and Japanese central banks; the major global economies are shrinking and there is a massive wealth transfer to the emerging world… Read More
Homebuilding stocks have skyrocketed so far this year. The Home Builder ETF (XHB) is up 16%, and KB Home (KBH), is up 76% and Ryland Group (RYL) is also outperforming, up 23%. Almost all the homebuilders are up more than the 8% gain for S&P 500. The melt-up in housing-related stocks is similar to what occurred at the same time a year ago. Back then, investors widely believed the US economy was coming back and therefore the housing market was bottoming. Then reality hit and real estate stock prices were knocked sharply lower…Read More
Greece was bailed out yesterday. Or so the headlines blare. In reality all that will be happening at some point in the near future is that the European Governments will give Greece enough money to pay back the European banks a portion of the money Greece owes those banks. In exchange Greece agrees to retrench its public sector and raise more money from everyone else. As if that will ever happen… Read More
Americans participating in a recent Gallup poll showed the highest level of confidence in an economic recovery in a year. Sounds great, but you can’t ignore the nearly 13 million unemployed, the 46 million people on food stamps and the roughly 29% of the country’s homeowners whose mortgages are under water. They would find it hard to subscribe to the poll’s sunny conclusion. On the other hand, there’s no getting away from a bevy of seemingly increasingly favorable economic data, which, more recently, includes falling weekly jobless claims, four consecutive monthly gains in the leading economic indicators, somewhat perkier retail sales and a pickup in housing starts and business permits. Pounding home this cheerful view is the media’s growing drumbeat of increased economic vigor…Read More
If someone bigger and stronger than you repeatedly punches you in the face, bloodies your nose and keeps knocking you to the ground, maybe it’s best to stop fighting, write it off as a losing battle, and go away to live and fight another day.
This same, sound strategy might well apply to the bitter presidential race in which two lagging White House candidates, Newt Gingrich and Ron Paul, have had their political noses repeatedly bloodied. Yet, each is vowing to stay in the race until the very end… Read More
Mr. Charles Biderman is an associated person of Trim Tabs Asset Management, LLC, an SEC-registered investment adviser. All opinions expressed by Mr. Biderman on this website are solely those of Mr. Biderman and do not reflect the opinions of Trim Tabs Asset Management, LLC, Trim Tabs Investment Research, Inc., their affiliates (collectively, “Trim Tabs”), or any other associated persons of Trim Tabs. No part of Mr. Biderman’s compensation from Trim Tabs is related to opinions which he expresses on this website, elsewhere on the internet, or in any other medium.
You should not treat any opinion expressed by Mr. Biderman as a recommendation to make an investment in any company discussed or cited in any of his postings. Mr. Biderman’s opinions are based upon information he considers credible, but which does not constitute research by Trim Tabs. Neither Mr. Biderman nor Trim Tabs warrants the completeness or accuracy of the information upon which Mr. Biderman’s opinions are based.