Rick Ackerman
Rick Ackerman Articles
Here are a couple of headlines concerning the economy that appeared atop Bloomberg’s front page on the same day last week. Taken together, they could make one’s head spin.
Although gold appears to have broken out of a triple top and recently hit fresh all-time highs at $2152, the gold miners are trading at the same prices they were 20 years ago. I believe this strange disconnect is going to change this year...
When forecasting stock prices, it helps to view the market as a crazed creature driven by fear, greed, and most of all, stupidity. Of course, everyone but the “theme”-obsessed chimpanzees who purport to manage your money understands that...
Reader Scott Baker took issue last week with my unsettling prediction of a deflationary bust. The mountain of debts that I believe will cause this is really no big deal, says Baker. He quotes economist Michael Hudson to back him up: “Debts...
The stock market is so pumped with hubris, lies and delusions that I’m beginning to doubt whether the bull market will see Microsoft rally to $430 before everything comes crashing down. I’ve been using MSFT as a bellwether because it has...
In these way-too-interesting times, there aren’t many publications that would trumpet a New Year’s Eve headline like the one above. It topped the front page of the South Florida Sun Sentinel, however, a tribute to the Sunshine State’s...
Most of us had been expecting gold to explode through the $2000 “barrier” and soar into the wild blue yonder. Instead, it spasmed to $2152 for a nanosecond on December 4, then crashed back down below $2000 like an anvil dropped into an...
They don’t ring a bell at the top, as the saying goes, but it’s hard to see how Mr. Market can avoid it this time. The stock market’s heedless, nutty short squeeze since October will end when Microsoft hits $430, probably early in the new...
Lacy Hunt, a gray eminence of the financial world and no doomsayer, was out with a Hoisington Report recently that should scare the pants off anyone concerned about the direction of the U.S. economy.
U.S. shares continued to climb a wall of well-justified worry last week, propelled with sufficient vigor to suggest new all-time highs are likely. Notice how Microsoft’s push into record territory on Friday occurred after the stock had...
