Sunday, June 6, 2010

Rubber Meetin' Road Time

I read a good bit this weekend and I am convinced that we are in for a world of hurt. Perhaps not this week, month or year - perhaps not even next year - but it is coming. Financial institution problems started the cascade, governments came to the rescue and now the governments are in trouble. International organizations are coming to the rescue, but we are now down to our last bluff, or nearly so. Well, things are looking pretty bad and I see no real answer in sight. I do think there are some smart things the U.S. could do but I have no expectation that the government will. I continue to be wholly disappointed with its response to this crisis to date. Not enough to join the Tea Bagger party (with even worse ideas), but I am disenchanted.

Enough said. I have little more to say so let me provide you with the best stuff I read this weekend. I read quite a bit - it rained all day today - so I can assure you these are worth the time to read. The first provides a lot of up-to-date stats that are quite disturbing. The other two are more general but they are by two of the greatest investment minds around today. Enjoy!

http://seekingalpha.com/article/208622-there-s-a-slow-train-coming?source=dashboard_macro-view

http://www.sprott.com/Docs/MarketsataGlance/05_10%20A%20Busted%20Formula.pdf

http://www.pimco.com/LeftNav/Featured+Market+Commentary/IO/2010/Bill+Gross+June+2010+Investment+Outlook.htm

Disclosures: I have a lot of my retirement money with PIMCO. Otherwise, none.

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