Marshall Auerback on Market Implications of Civil Unrest in Egypt

Marshall Auerback spoke to BNN’s Squeeze Play about the civil unrest in Egypt and what the unrest means for financial markets and the global economy. The most obvious global implications regard the potential for civil unrest elsewhere and the impact of unrest on oil prices. Click on image below for the video.

Ten Ideas That Would Turn David Rosenberg Bullish on the USA

From today’s Breakfast with Dave research note at Gluskin Sheff (highlighting added):

1. An energy policy that truly removes U.S. dependence on foreign oil (shale case, coal, nuclear).
2. A complete rewrite of the tax code that promotes savings, investment, and a revamp of the capital stock. Cut tax rates, eliminate loopholes and costly tax breaks. Tax consumption, promote savings and investment. That is crucial. But it will take political courage (ask Brian Mulroney).
3. A credible plan that reverses the runup in the debt to GDP ratio. This includes not just on-balance sheet items but new rules governing entitlements too. We need delineation of the future of Fannie and Freddie if there is any … they became wards of the government nearly three years ago and there is still no clarification on this file (slightly more important than these periodic consumer spending gimmicks that have surfaced over the past few years). We need a complete rewrite of social contracts and a reversal in sacred cows that have been created over the years that are completely unaffordable. Plus, people are not going to learn to live within their means if our politicians continue to set a bad example. The act of dipping into Social Security, incentivizing companies who are already cash-rich to spend more on new equipment and extending a Bush tax cut that always had a 10-year expiry date at the expense of the already severely strained public purse was political expediency at its worst.
Published by Edward Harrison on 24 January 2011 10:00

Byron Wien’s Ten Surprises for 2011

I have just finished reviewing Byron Wien’s Ten Surprises for 2010. Now, I present you Byron Wien’s Ten Surprises for 2011. He is bullish again. Enjoy.   -Byron R. Wien, Vice Chairman, Blackstone Advisory Partners, today issued his list of The Ten Surprises for 2011. This is the 26th year Byron has given his predictions

Saxo Bank: ten outrageous predictions for 2011

This is the third year I have featured the Danish Saxo Bank’s outrageous predictions list. They are meant to be true outliers and not actual predictions, so don’t expect them to hit 10 for 10 or even 7 for 10. The point of the list is to help people think about outlier scenarios and what

Hellmeyer Interview Part 2: The uber-bullish case for the global economy and real assets

by Lars Schall Folker Hellmeyer, chief analyst at Bremer Landesbank, gave an exclusive interview to chaostheorien.de. Yesterday we ran the first part of that interview with his take on the so called “Currency Wars,”China’s role as a stabilizing factor in the world economy and the outlook for precious metals. Today we continue that interview concentrating

The Fed, Gold, and Gold Stocks

by David Galland As I write, gold is back in record territory, surging from $1,313 a month ago, to over $1,390 as I write. Paid subscribers to our International Speculator service, which focuses on the junior resource companies – mostly gold and silver – have seen stunning gains in recent months. To make the point,

China Is Winning the Energy Race

By Marin Katusa, Casey’s Energy Opportunities Stop the presses. The United States is no longer the world’s biggest consumer of energy. After topping the energy consumption charts for more than a century, the U.S. has been left behind as China leapfrogged past. According to the International Energy Association’s (IEA) latest report, China burned its way

How to Look for a Job

Frederick Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009). Unemployment is stuck in a rut. One reason is the tendency to look backwards. Trillions of dollars have been spent (with no end in sight) to bail out

PBS: Scientist Shows How Corexit, Bacteria Disperse Oil

PBS has a great video and article on how dispersants are being used in the aftermath of the Deepwater Horizon oil rig blow-out. The video is below. The related article linked at the bottom has another video on using methane to measure the oil spill. The article starts: On Thursday’s NewsHour, Spencer Michels reported on

On Creating Jobs, More on Deepwater Horizon and Other Links

Topic of the Day: Deepwater Horizon Oil Disaster Gulf oil spill likely to reach Florida Keys, Miami, report says – latimes.com Should BP nuke its leaking well? – National Post Scientists confirm Gulf floor is beyond repair and situation in Gulf will get worse Must-read How to Make an American Job Before It’s Too Late:

Second Large Oil Slick Found As Tropical Storm Alex Approaches

WSJ video courtesy of Fox News. Market Watch says: Tropical storm Alex, after crossing the Yucatan Peninsula, is gathering strength over the warm waters off eastern Mexico and could become a hurricane within the next 24 hours, the National Hurricane Center warned on Monday

The Doctor and the Dealman: An Energy Update

By David Galland, Managing Director, Casey’s Energy Report At first glance, no two individuals could seem more different. The Doctor, middle-aged and balding, could be the very archetype of the college professor. The Dealman is young with a full head of well-styled hair: more than a few people have compared his looks to Elvis in