Peter Dag & Friends

2/22/11

To my subscribers

Is Libya the catalyst triggering the pause in the market I was predicting in The Peter Dag Portfolio?

Please check my weekly Market Update this Sunday.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked second best gold timer by Timer Digest

To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.

Disclaimer.The content on this site is provided as general information only and should not be taken as investment advice nor is it a recommendation to buy or sell any financial instrument. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site.

One big issue facing the administration

Feb. 22 (Bloomberg) -- The smallest corn inventories in 37 years are a sign farmers around the globe are failing to produce enough grain to meet rising consumption, even as planting expands and food prices surge.

Can the poor people eat ethanol?

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked second best gold timer by Timer Digest

To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.

The age of unrest continues

Germany wants stiffer sanctions against nations whose budget deficits top 3 percent of gross domestic product in exchange for cheaper rescue loans.

Angela Merkel and the Christian Democrats have taken a beating with their handling of the euro crisis.

Libya erupted into violence last night after Muammar Qaddafi’s son threatened “rivers of blood” .

“This is much, much worse chaos than we saw in Egypt or Tunisia,” said Daniel Byman, director of the Security Studies Program at Georgetown University in Washington.s much, much worse chaos than we saw in Egypt or Tunisia,” said Daniel Byman, director of the Security Studies Program at Georgetown University in Washington.

The Bahraini government is in the process of brutally suppressing the protesters in its own version of Tahrir Square, Pearl Square.

Two Iranian naval ships have entered Egypt's Suez Canal and are heading towards the Mediterranean, a canal official said.

"They entered the canal at 5:45am," the official told Reuters news agency on Tuesday.

There are reports of renewed anti-government protests in Iran, with demonstrators taking to the streets in several cities across the country.

Protesters have apparently thronged Tehran's Vali-Asr and Enghelab squares. Similar demonstrations are being reported in Shiraz and Isfahan.

Al-Qaeda and the Iranian government, have seen their standing sink in proportion to the rise of the pro-democracy movements.

At least eight people have been injured in clashes that broke out in Jordan’s capital between government supporters and opponents at a protest calling for more freedom and lower food prices.

Union leaders urged Wisconsin teachers to return to work at schools that are open on Monday, but large protests were expected to continue at the Capitol against a plan to cut collective bargaining rights and benefits to state workers.

As protests continued here, dozens of “solidarity events” in support of Wisconsin union members were being planned across the country over the next several days, including rallies on Monday in Las Vegas; Helena, Mont.; Carson City, Nev.; and Raleigh, N.C.

Interesting news from several reports. Why now? It seems a global synchronized unrest. It is an impressive situation, to say the least. How will the USA react if the turmoil reaches Saudi Arabia?

As commodities soar!

2/21/11

Thought of the day

Today commodities are soaring. I mean, soaring.

If we want to make money we have to "listen" to the Fed. How are they going to get out of this one?

Just in case you did not realize it. We are living through the Uncle Ben bubble. This follows the Maestro's tech/housing bubbles.

Soros says....

Feb. 20 (Bloomberg) -- George Soros, a billionaire hedge- fund manager who has donated millions to Democrats, said Democratic President Barack Obama “has lost control of the agenda” on the U.S. economy, leaving it “now in the hands of the Republican Party.”

Others say Obama never had control of any agenda. Pelosi and Congress had.

The age of unrest continues

Feb. 21 (Bloomberg) -- Oil-price swings have doubled this year as unrest spreads through the Middle East, source of one- third of global crude supply, hampering producer and consumer efforts to stabilize the world’s biggest commodity market.

Oil and gold soaring. The smart people stay ahead of the game. The poor people feel the pressure because of rising commodity prices. Should we thank for all this the easy money of the global bankers? The poor stewardship of our leaders? Too much bueaucracy?

The markets always win. They always correct errors made in the past. By everybody. Anywhere.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked second best gold timer by Timer Digest

To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.

2/20/11

Very interesting

Chancellor Angela Merkel’s party lost control of Hamburg, Germany’s richest state, in the first of seven state votes this year that threaten to limit her scope to respond to Europe’s debt crisis, television projections show.

How will the markets react? The Germans clearly do not want to bail out the countries in financial trouble.

Time will tell.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked second best gold timer by Timer Digest

To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.

Question

Feb. 20 (Bloomberg) -- Persian Gulf shares slumped, sending Dubai’s benchmark stock index down the most this month, on concern political unrest in the region may spread.

Arab governments are cracking down on pro-democracy activists as uprisings that toppled leaders in Tunisia and Egypt spread to Libya, Algeria, Yemen and Bahrain. Prince Talal Bin Abdul Aziz, a member of Saudi Arabia’s royal family, warned on Feb. 17 that the kingdom may see protests unless King Abdullah Bin Abdul Aziz introduces reforms, according to BBC Arabic TV.

This is what Israel probably feared. And I am sure she is prepared to handle it. What will the USA do if Iran puts its warships in front of, say, Libya, or Egypt, or, yes, Israel?

No surprise oil stocks and gold are strengthening again.

2/19/11

The age of unrest #2

This picture was not taken in Greece, Ireland, Spain, Portugal, Libya, Tunisia, Egypt, or Bahrain.

This picture was taken in the USA. In Wisconsin.

The spreading of unrest is absolutely amazing. The population of the world has reached a unique and synchronized point of frustration. People are frustrated because what they believed was their right was actually unrealistically given by their governments. And the markets are now saying: enough!

People feel cheated because they are finding out that they received benefits that could not be justified by the productivity of the country or the state. Why should taxpayers pay for oversized pensions? Why not having pensions in the public sector funded by those who will eventually receive the benefits?

The age of unrest is about survival

2/18/11

The age of unrest

The teacher’s union is going on strike in Milwaukee and elsewhere. They ought to be fired. Think Reagan PATCO in 1981. Think Calvin Coolidge police strike in 1919.

Governor Walker is facing a $3.6 billion budget deficit, and he wants state workers to pay one-half of their pension costs and 12.6 percent of their health benefits. Currently, most state employees pay nothing for their pensions and virtually nothing for their health insurance. That’s an outrage.

The age of unrest is about survival. From Dublin to Cairo.