More by the Same Author
2013-12-10 Seven Reasons Why Industrial Commodity Prices are Headed Higher by Martin Pring of Pring Turner Capital Group
Between December 2008 and April 2011 commodity prices, as reflected by the CRB Spot Raw Industrials, doubled. In the ensuing 2-years they have retraced 20% of that rally but are now showing signs of wanting to head higher. In the interest of fair disclosure our commodity model went bullish just under a year ago but prices remained range bound instead of experiencing their normal strength. So what’s so different now that makes us bullish on commodities? Here are seven reasons.
2013-05-30 Has the Fat Lady Started to Sing on the Housing Market? by Martin Pring of Pring Turner Capital Group
As decision makers we are continually looking for clues from economic activity in order to adjust portfolios. The beauty of following business cycle sequences is the value from anticipating financial market leadership changes. A major beneficiary of this four year old business recovery has been housing and housing related stocks.
2013-02-04 What's the Best Asset Allocation When the Business Cycle Moves to Stage IV? by Martin Pring of Pring Turner Capital Group
History shows that the business cycle, which has been with us since recorded economic history began, experiences a set series of chronological sequences. The calendar year progresses through seasons, one of which is literally ideally suited for making hay. The business cycle also has seasons or phases, where certain sectors of the economy fall in and out of favor. For investors, the key lies in the fact that the cyclical turning points of bonds, stocks and commodities are all part of the business cycle progression.
2013-01-07 It's the Bond Vigilantes Stupid by Martin Pring of Pring Turner Capital Group
Most people are looking to the politicians in Washington to reign in the deficit by bringing spending under control. Based on their record this optimism seems severely misplaced. Nevertheless, the technical position of the bond market is suggesting that a more disciplined and powerful force is waiting in the wings. After a long 31-year vacation it may be time for the bond vigilantes (skeptical global bond investors who vote with their money) to return to town. The President has said a deal over the debt ceiling is non- negotiable but the non-partisan bond vigilantes may have a different view.
2012-09-24 Are Green Shoots Being Spotted from the Helicopter? by Martin Pring of Pring Turner Capital Group
Ben Bernanke's helicopter has taken off from the tarmac once again. This time the QE3 flight path is headed, as some commentators have suggested, to "infinity and beyond". It seems to be a route whose popularity is growing as more and more central banks are expanding their balance sheets at record rates. So far this cycle inflation has been relatively well contained but that may be about to change, at least in the commodity pits.
2012-08-03 A Funny Thing Happened on the Way to the Recession by Martin Pring of Pring Turner Capital Group
Every day it seems the media are filled with forecasts of dyer economic times ahead based on troubles in Europe, Asia, and the Fiscal Cliff. The list goes on. Indeed the latest unemployment and GDP numbers, reflect a declining growth rate that is on the verge of going negative. Consequently, a number of commentators have used a projection of these trends to forecast an imminent recession. This is typical of crowd behavior, which has a strong tendency to extrapolate the recent past.