Daily Gains Letter

Sovereign Debt

Bonds that a government issues in a foreign currency are referred to as “sovereign debt.” Sovereign debt does not come with a specific charge on a government’s assets. It is simply a promise to pay. In reality, if a government does not pay its sovereign debt upon maturity, the loss of creditability is the biggest threat to the country—it will have a difficult time issuing sovereign debt again.


Online Retailers Holding Up, but Are They Worth the Investment Risk?



Online Retailers Holding Up, but Are They Worth the Investment Risk?Earnings season is in full swing, and it’s looking like the retail/merchandising sectors are doing relatively well. The data support the case that consumers are spending again; whether this is sustainable or not is another matter, but for the first quarter, it looks like consumers have opened up their wallets. One company that really surprised to the upside was Overstock.com, Inc. (NASDAQ/OSTK). On the stock market, the company’s been in the doldrums for years, but its current numbers certainly show renewed momentum in its o ... Read More



Risk Alert: Business Cycles About to Collide



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Global Sovereign Debt Skyrockets, Bubble to Burst



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Why Farmers Are Key to the Commodity Price Cycle



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Avoid the Eurozone Mess: How to Profit Domestically



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