Another year (almost) over, but before the new one begins let’s highlight ten books focusing on money, investing, and economics that were published in 2017 and showed up in The Capital Spectator’s weekly Book Bits column at some point over the past 12 months. For one reason or another, this short list caught your editor’s eye….
Global stocks have gained significantly from the 2008’s collapse. In the United States, the Dow, Nasdaq, S&P 500, and the Russel have gained by 209%, 448%, 224%, and 297%. In Europe, the DAX has gained by 200% and the FTSE by 81% while in Asia, the Nikkei has gained by 186% while the Hang Seng…
The dollar’s hegemony over the global financial system can’t last forever. Like all things, it will eventually come to an end. The only question left, as MacroVoices’ Erik Townsend puts it, is whether we’re in the second inning and there’s going to be another hundred years of the dollar serving as the world’s global reserve currency? Or whether…
The EUR/GBP pair has been very volatile over the last several months, but one would expect that considering that we have had so much in the way of headline noise coming out of the negotiations between London and Brussels. The December candle is forming a hammer, but that is preceded by a couple of shooting…
The EUR/GBP pair has been very volatile over the last several months, but one would expect that considering that we have had so much in the way of headline noise coming out of the negotiations between London and Brussels. The December candle is forming a hammer, but that is preceded by a couple of shooting…
One month ago, Citi’s credit team laid out its outlook for the coming year in what – in our opinion – was one of the gloomiest reports for the coming year, and included the following fascinating revelation according to which central bankers appears to have lost control: “That seems to be a growing fear among a number…
The Dow, S&P, and Nasdaq all finished slightly lower on Friday, but higher for the week. President Trump signed the new tax bill, which slashes corporate tax rate to 21% from 35%. The Dow & S&P posted gains for the fifth straight week. New home sales ended at a 10-year high in November. Weekly Returns…
In the last letter, I suggested that SPX could have a final thrust to 2690+ which could turn out to be the final high before it was pulled down into the January cycle lows. On Monday, it obliged with a high of 2695 followed by a decline of 18 points before stabilizing. It then rallied…
In this video we discuss the daily and weekly stock chart of Bitcoin $BTC and the Semiconductor ETF SMH and if we have seen a bubble burst in Bitcoin as well as other blockchain cryptocurrencies. We use candlestick charting and technical analysis indicators such as the Bollinger Bands and the Relative Strength Indicator or RSI…
The economic calendar is light, the week is short, and the A-Teams are taking some time off. It is the formula for punditry gone wild. But what will be the subject, especially if Bitcoin is not moving much? I suspect questions of two types. The first will focus on the tax cuts, identifying the winning…
