The argument that “nothing is going to happen in Illinois until things blow up” got a major boost this week when the governor of the nation’s most fiscally upside down state said no to pension reform.
David Rosenberg, the chief economist at Gluskin Sheff + Associates Inc., said in a recent note that the writing is on the wall for the stock market rally, as the next move could be lower...
Unfortunately for the few, the unintended consequences are bringing down the entire status quo they depend on for their wealth and power.
With the fear of missing out of the US stock market gains, it's "risk on" for investors...
Malden: When the US and ultimately the rest of the Western world began to engage China, resulting in China finally being allowed into the World Trade Organization in the early 2000s, no one really expected the outcomes we see today.
...However, this morning's Bill Dudley's Bloomberg Opinion piece caught my attention - "Two Risks to Stability Build Amid Short-Term Calm"....
The banks can't handle a $1600 gold price, and this scandal is much bigger than just the COMEX. It'll take down the entire financial system. Harvey explains...
With dangerously few monetary and fiscal stimulus options available to avert a possible recession in the euro area, policymakers and economists have started discussing a proposal that sounds both exotic and straightforward:
The “index of the volume of speculation,” as Galbraith called it, last year hit a high not seen at any point since prior to the Great Crash of 1929. And, while the S&P 500 recently hit new highs, margin debt relative to GDP recently fell below its lows from late last year.
We identify phase transitions by looking for a gestalt – several features that form a coherent, recognizable whole – in this case reflecting dispersion in leadership (new highs vs new lows), participation (the % of individual stocks joining a given market advance), and breadth (advancing vs declining issues) emerging immediately near a record market high.
Improving investor sentiment will drive silver prices higher.This was the conclusion drawn from the Metals Focus/Silver Institute Interim Silver Market Review. Metals Focus director Philip Newman presented the data during the Annual Silver Industry Dinner hosted by the Silver Institute. His presentation featured historical supply and demand statistics and provisional estimates for 2019.
Interest rates MUST remain low, and debt MUST grow faster than the economy, just to keep the economy from stalling out... This is the very essence of a "liquidity trap"...
In his most recent podcast, Peter Schiff said something that seems rather perplexing on the surface. He said that the current stock market rally isn't being driven by a strong economy. It's actually being driven by a weak economy.How can this be?Well, the underlying economic weakness is what keeps the Federal Reserve in play and it's the Fed's loose monetary policy that's goosing this market.
Global debt just topped $250 trillion. Please ponder paying the interest on that, let alone the principal.
Topics That Will Be Considered: 1. Recession Odds, 2. Recession Triggers, 3.Road to Recession, 4. Policy Response, 5. How Severe a Downturn
The fundamental risks to growth remain, and are actually getting worse, writes Nouriel Roubini
The Federal Reserve’s balance sheet is on track to rise to a record high by mid-2020, creating a fertile ground for risk assets...
he Fed has been monetizing approximately 60% of the US Government’s budget defecation. That means that the dealers, banks, investors, and the rest of the world need to absorb only 40%.
An period of unusually low foreign-exchange volatility may presage a turn in the dollar.
The pain of negative interest rates for banks will only get worse as long as the European Central Bank maintains its asset-purchase program...