Dear CIGAs,
While I was watching the wall to wall Inauguration coverage of Barack Obama there was a “man in the street” segment on one of the networks where people were being asked “What should the new President do about the troubled economy?” One man said “He should give money to all the homeowners who are [...]

Jim Sinclair’s Commentary
Does anyone see a trend here?
Daschle Fixes Tax ‘Issues,’ Has Obama’s ‘Confidence’ By Robert Greene and Hans Nichols
Jan. 30 (Bloomberg) — Tom Daschle paid back taxes and interest to fix “issues” identified when preparing to be President Barack Obama’s nominee as Health and Human Services Secretary, White House spokesman [...]

Jim Sinclair’s Commentary
There are economic laws even if the lawless demons of the Hedge Funds deny their existence. It is these laws that will lay low the many Crocouses of today. They can hire their legions of attorneys but their heads will be on the stake.
On Public Credit
by David Hume  (26 April 1711 – 25 [...]

Jim Sinclair’s Commentary
As long as the uptick rule is absent from the market a 1930s type rally in equities cannot be sustained. That is fact.
January 25, 2009, 6:01 AM EST
Relevant excerpts:
 The latest attack on short selling could come in the form of a reinstatement of the so-called uptick rule, which requires that a stock moves [...]

Dear CIGAs,
What happens if more auditors are forced out of business, how do we get comfort with the accuracy of statements? Audit fees will skyrocket for those firms left in the business. One of the USA’s few advantages is the honesty and efficiency of its auditors, and now that is being called into question. Of [...]