Quarterly Report: Really, what is everyone else saying???
Not since my time rocking with the dot.com bubble has the rest of the world’s opinion mattered so much. Ok, maybe the emerging market boom earlier this decade, but I was on board for that one. Rather than tell you things you already know, like the economy is not great, the dollar is weak, and stocks are going up for no fundamental reason, I will give my observations on the general overlap of what the big research departments are telling their investors. As you could guess, I will also add my “color” to their bullet points. So, let’s get in the trenches and see what “Wall Street” is touting these days. This includes places like Citigroup, Barclays, and Goldman. I am not reflecting on variant views or wild outlier thoughts.

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Lee Eugene Munson and Patrick Kirts comment on the U.S. currency. Published on Seeking Alpha

I don’t quite remember when, sometime in the past year, I first began hearing average people say that the government ultimately has the power to fix the economy, because it can just ‘print money,’ but, in a few short months, the sentiment has become commonplace. It boggles the mind, but it now seems to be a truth commonly accepted by just about everyone–politicians, journalists, investors–even the man in the street. At Portfolio Asset Management this change in sentiment has altered part of our investing strategy. Gold is now back on the menu along with shorting treasuries. Alternative assets have gone to the top of our list of potential funds and the bond funds we hold are under tremendous scrutiny. The bottom line is that we are under fire–not by the market itself, but by the government policy of debasing the currency. Few are vigilant and the delay in the market reacting to the changes may take time. Meaning, some sound strategies may not work even though a rational investor would say otherwise.
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