201008.29
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Desperado

“Central bankers alone cannot solve the world’s economic problems.” Of all the things Ben Bernanke said in his speech at Jackson Hole Friday, that is the only one with which I am prepared to totally agree. The speech was widely anticipated and the initial reaction was underwhelming to say the least. Stocks sold off immediately…

201008.29
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Weekly Economic and Market Review

Has sentiment reached an extreme? Is anyone surprised anymore when weak economic data is released? Were you surprised that existing home sales fell 27% last month? I wasn’t and apparently neither were the people buying up home builder stocks when that news was released last Tuesday. Were you surprised to read the Goldman and Redbook…

201008.26
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Are Seasonal Adjustments Distorting Unemployment Claims?

We know there have been problems with seasonal adjustments to the unemployment claims data this summer. For example, the auto companies didn’t shut down this summer as they normally do. Usually, the auto companies shut down for a few weeks each summer to retool for the new model year. For some reason – and I…

201008.25
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Doom and Gloom

The name of this blog is Contrarian Musings for a reason. Investing is nothing more complicated than buying low and selling high. The only way to accomplish that is to be a contrarian. Investments for which there is little demand will be available at favorable prices. Investments for which there is great demand rarely offer…