Alan Greenspan’s recent comments to 60 Minutes correspondent Lesley Stahl got us thinking.
Greenspan said that over the long run, the biggest problem facing the U.S. economy is "the re-emergence of inflation" and rising interest rates.
Hmm…
Oil and food prices continue to surge… M3, the fullest measure of U.S. money supply, keeps ...read more
Investing in the Banking Industry
Sep 28th, 2007 | By Christopher Hancock | Category: Investing Strategies
Our hero reluctantly crosses the marble threshold. Silence hypnotically reverberates between the lobby walls. No one dares make a peep. The room engenders a hush any Sunday church service would envy.
He slows his gait, with little improvement. His stillness stems from fear, not reverence. He stands between those velvet ropes ...read more
Small-Cap Internet Stocks
Sep 21st, 2007 | By Christopher Hancock | Category: Investing Strategies
A wise man once said, “Obvious prospects for physical growth in a business do not translate into obvious profits for investors.”
The author of this quote is Benjamin Graham, mentor to Warren Buffett.
Graham understood investing. He stressed knowing a company’s intrinsic value. He focused on the business, not the stock.
Graham often ...read more
Past Generations’ Investing Strategies
Sep 14th, 2007 | By Christopher Hancock | Category: Investing Strategies
Sixty some odd years ago, keeping your head above water meant saving a dollar.
In the 1940s, when my grandfather bought shares of companies such as General Electric and Alcoa Aluminum, his main goal never involved generating a fortune overnight — only to make sure he had enough income for tomorrow.
You see, ...read more
Small-Cap Contrarian Investing
Sep 7th, 2007 | By Christopher Hancock | Category: Macroeconomics
“The human race, to which so many of my readers belong, has been playing at children's games from the beginning, and will probably do it till the end, which is a nuisance for the few people who grow up.”
—G. K. Chesterton, The Napoleon of Notting Hill (1904)
Every morning around 8:00am, ...read more
The Cons of Investing in China
Aug 31st, 2007 | By Christopher Hancock | Category: International, Investing Strategies
The costs of growth are often ignored in financial forums. That’s why we’re dedicating this week’s article to the environmental impact China’s massive industrialization places on both their own country as well as the greater global community.
We hope this week’s report shows a side of China often neglected in the ...read more
Investing in China
Aug 24th, 2007 | By Christopher Hancock | Category: International
On Monday, Beijing announced that it would permit mainland Chinese citizens to invest in the Hong Kong stock market. The proposal allows Chinese citizens to open accounts at the Tianjin branch of the Bank of China, and then sell renminbi (RMB) and buy Hong Kong dollars without limit for the ...read more
The Cons of Investing in Gold
Aug 17th, 2007 | By Christopher Hancock | Category: Investing Strategies
“Even traditional havens such as gold are deemed too risky in this climate.”
— Martin Slaney, GFT Global Markets
The Old Testament recounts how, in 600 B.C. Babylon, one ounce of gold bought 350 loaves of bread. As of today, one ounce will still buy 350 loaves of bread in the United ...read more
Investing in the Banking Industry
Aug 10th, 2007 | By Christopher Hancock | Category: Investing Strategies
Wall Street took it on the chin again this week.
Yesterday, in the wake of the Bear Stearns meltdown, French banking giant BNP Paribas announced it was suspending three of its asset-backed securities funds, saying it could no longer value them accurately because of problems in the U.S. subprime mortgage market.
The ...read more
Investing in China
Aug 3rd, 2007 | By Christopher Hancock | Category: International
Last week, we reported the inconvenient truth that M3 is increasing at 12% a year.
M3 is the fullest measure of the U.S. money supply… and it is going up three to four times faster than the GDP itself.
The Fed’s irresistible desire to print more fiat dollars helps explain why the ...read more

