U.S. Economy: Breaking Records

Everyone expects bad new, just not this bad. Industrial production dropped 5.4 percent in March, exceeding expectations for a 4.2 percent decline. It was the biggest fall since January of 1946, after World War II ended and we stopped making weapons, and the 5.9 percent year-on-year (YOY) drop is the biggest since November 2009.

Stock Market: The Real Nominal Bottom

Does anyone really expect this bear market to end with Netflix (NFLX) and Amazon (AMZN) making new record highs? It seems to me that a real nominal bottom won't be made until these leaders are also shot!

Gold Is One Of The Best Bargains One Can Buy

If you think the price of gold is expensive now that its above $1,700 wait another week and see how expensive it is. In relation to the amount of money the Federal Reserve has already printed, and the amount it's about to print, gold at today's price is one of the best bargains one can buy.

Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ)

All The Government Is Doing Is Printing Money

Nobody should be getting a check from the government because the government doesn't have any money. All the government is doing is printing money and they're destroying the value of everybody's savings.

Related trading instruments: SPDR Gold Trust ETF (GLD)

Earnings, JP Morgan Chase & Credit Cards

While Jamie Dimon, CEO of JPMorgan Chase, expressed concern that many bank customers will have trouble paying their credit card bills, he expressed optimism about those customers now earning more in unemployment benefits that they earned working, paying on time and spending more.

Housing Prices: Look Out Below!

JP Morgan Chase, the nation's largest lender, announced that effective Tuesday homebuyers will need FICO scores of 700 and 20 percent down payments to qualify for a mortgage. Housing prices will have to crash so most buyers, especially first time buyers, can afford to put down 20 percent. Look out below!