GRAFFOL

Friday Roundup: Commodities, Emerging Markets

Sorry to hear about your friend Fred. My sincere condolences.

Friday Roundup: Remembering 9/11

Your are right David. There are wounds that never heal and this was one of them for most of us in the world. We lived and experienced the whole episode live through CNN and was shocking and very sad. Lets hope, pray and work for things like that never happen again.

Bernanke Being Rewarded for Failure

Failure ??? What failure ? He has succesfully rescue the bankers and the politicians in power, for the time being. That´s why he is being rewarded for.
The future will only show at what a big cost to the american society this has been.

Friday Roundup: Commodities, Emerging Markets

Thanks David. Its always very interesting to follow your graphs and comments.

Glad to hear everything is going great for you and family.

Tuesday Outlook: Commodities, Global Markets

Great news about wife. Glad to hear. Thanks for sharing.

Keep at it. Your column is great and very helpful for us ignorant investor´s advisors. Something is cooking. That for sure. And though there are lags and manipulation, 2 + 2 is always 4.

Latin America's Best Banks

You are missing Bnaco de Credito del Peru, Peru´s biggest, private and most important bank.

Friday Outlook: Commodities, Global Markets

Being a foreiner that learnt a lot about american pride and sense of responsabilty, having studied there from 1969 to 1971, experiencing the revolution against the VietNam war and how quickly and efficiently the students organized themselves after the killing of the 4 students at the University of Kent in agreement with their Universities, to work for peace, I am still at odds to understand what is happening today to my american friends that see their country and their future being destroyed by interest groups controlling the government to keep the music going at any cost, to paraphrase a today famous Citibank president and manipulating the markets, without organizing another "revolution" to stop the looting.
Everything will come out alright in your family health matters. Many goodwillers are there with their thoughts on you and your wife.
Thanks for your work.

Thursday Outlook: Commodities, Global Markets

Dave,
Un fuerte abrazo y mis oraciones estan con Uds.
Gonzalo

Thursday Outlook: Commodities, Global Markets

Dave,
Just to join the legion of well wishers for Francie´s health and grateful followers of your great insights. Francie and all of you will be in my prayers. Have a good trip back to the US. We will miss you while you don´t publish.
Best,
Gonzalo

No Reason to Fear the IMF Gold Sales

I will try to summary my view. The whole financial system is on the verge of collapse because extreme exceses of the past 20 years agravated in the latest ten. The world economy and its installed production capacities of almost everything grew to an irreal and inflated state, based on the unrelenting growth of consumer indebtness and consumption. These phenomena has touched its outer limits and it´s contracting back to "real" levels of aggregate demand. I think they could be around 50 or 60 % of actual installed production potential capacities. The cars are an example.Meanwhile, every one in the world got absorved and involved into the global consumer game. Therefore all the political classes in the world have now a survival interest in not letting the established system fall to pieces and in maintaining the statu quo, more or less, if they can. Their seat of power is now highly compromised.That is why everything that affects the perception of reality is being illegally manipulated (news, markets, data,accounting rules, etc, etc) by the world establishment, including the price of gold, in an each time more desperate effort to avoid implosion. Information is never real as is always being adjusted to the down side, after a while. However economy realities can not not be stopped for ever. When the wall of the mascarade finally comes down, it will do it with a vengeance.

Foreign Treasury Buying and the Dollar Rally: Debunking a Theory

I don´t get it. To me it seemed like the graphics matched the theory.