Richard Russell
Richard RUSSELL ON GOLD & THE DOW
August 13, 2008 — We’ve recently seen the greatest expansion of credit in history. It was a product of Asian and Mid-Eastern countries holding down the value of their currency by creating more of their own money and buying dollars. The Fed got into the act in 2003 when it held down Fed Funds to [...]
Richard Russell On The Market
August 11, 2008 – “A rough measure of broad money in the world’s 20 largest economies is growing at near 20%, year-over-year, in dollar terms” (from Grant’s Intereazst Rate Observer,August 8). ……………………….. It’s OK to be confused. It happens to me all the time. I receive about 20 advisory reports ever week, and in my [...]
Russell On The Market & Banks
August 8, 2008 — Big picture – Dollar up big time, gold down, euro down, oil down, stocks surging, bonds unclear. There’s a double bottom on my PTI at 5910. Could that have been the low for my PTI? Today was the second plus-300 point day for the Dow this week. Could we have seen [...]
Richard Russell: July 11 Commentary
As comedian Uncle Miltie Berle used to put it — “What the hey!” I’m including a few rather startling P&F charts on today’s site. The first is S&P’s Energy chart. XLE has turned bearish, and as of yesterday XLE has dropped down to exactly its rising trendline. We’ll have to keep a sharp eye on [...]
Richard Russell Watch:Housing & Financials
June 17, 2008 – June 17 (Bloomberg) — The U.S. economy may be suffering from its first bout of stagflation since the start of this decade, reports on housing prices and manufacturing indicated. Builders broke ground on 975,000 homes at an annual pace in May, the least in 17 years, and construction permits fell, the [...]
