I recommend buying silver as well as gold and both for the same reason. The US, Europe and Japan are all printing more and more new money to paper over ongoing budget deficits. Given that there is little chance that deficit spending will stop anytime soon, that’s why, I recommend buying both gold and silver on a dollar cost average basis… Read More
Weak Employment Growth Here to Stay due to Lackluster Demand and a Deleveraging Consumer More Intent on Saving Rather than Spending.
Sausalito, CA – February 1, 2012 – Sausalito, CA – The U.S. economy added only 45,000 jobs in January, nearly unchanged from the 38,000 jobs added in December, reports TrimTabs Investment Research.
“The weak job growth in January has us concerned,” says Madeline Schnapp, Director of Macroeconomic Research at TrimTabs. “It appears that the economy has hit stall speed due to lackluster demand and a deleveraging consumer who would rather save than spend.” Read More
Sometimes I feel like a one eyed man in the land of the blind. We track real time data and I ignore almost all government initial guesses as to employment and income, other than to laugh and chuckle. I get most frustrated these days when I watch a market strategists and economists on TV make bullish predictions going forward based upon recent government data… Read More
I continue to recommend buying gold on a dollar cost average basis. Gold is just beginning a long term bull run and most individuals are still not aboard this train. The Federal Reserve announced last week that this weak economy will force them to keep short-term interest rates exceptionally low until 2014. In addition, while there was no mention of QE3, I think it is almost certain that the Fed will add another round of quantitative easing (QE) sometime soon… Read More
Many of you viewers as well as many Wall Street professionals deep down inside believe that deficits do not really matter. We have almost always had deficita and we will almost always have deficits in the future. Big deal, deficits. The reality is that the US governments deficit is so big and will be getting much much bigger as we have to borrow more and more each year to pay ever increasing medicare, social security and government pensions and benefits… Read More
Again and again I have to keep reminding myself that most portfolio managers, as well as individual investors, firmly believe that not only can the US economy grow its way out of its current mess, but that the US economy has already begun that process. The fact that the Fed continues to create $100 billion of new money each month to support the economy is not as important to them as is the cumulative 60% growth in the federal deficit since 2008… Read More
Here at the Inside ETF conference, where there are 1300 attendees, a record number, it is readily apparent that Exchange Traded Funds is where the action is in today’s stock market. Even we at TrimTabs have started one, called the TrimTabs Float Shrink ETF, ticker symbol TTFS… Read More
Returning from two weeks traveling around Costa Rica, I am currently at the Inside ETF Conference and what has most impressed me so far is the seeming universal bullishness of most of the speakers and attendees. None of that should be surprising since our brilliant associate David Santschi in a video last week reported that institutions and individuals are as bullish currently as they have been in quite some time… Read More
The Congressional Budget Office’s (CBO) Budget and Economic Outlook starts out with this sobering statement. “The United States is facing profound budgetary and economic challenges. The $1.3 trillion budget deficit for 2011 is the third largest shortfall in the past 65 years.” In stark language the CBO paints a grim financial picture confronting policy makers heading into an election year… Read More
Last week, I discussed how retail investors have been putting most of their money under the mattress. In 2011, a whopping $932 billion flowed into checking and savings accounts, eight times higher the $117 billion that flowed into stock and bond mutual funds and exchange-traded funds… 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.