The yield on the 10 year Treasury note briefly surpassed the supposedly important 3% barrier and then….nothing. So, maybe, contrary to all the commentary that placed such importance on that level, it was just another line on a chart and the bond bear market fear mongering told us a lot about the commentators and not…
In the case of a no deal Brexit, in which the country must resort to WTO rules for international trade, the negative effects on the UK car industry could be devastating. The current uncertainty surrounding the type of deal that will be struck with the EU is already having an effect on production output and leading major investors such as…
Ask some gold bugs why Gold has not broken out yet and you will probably get the usual answers. Some will say it’s due to manipulation or price suppression. Others will mention the current rally in the US Dollar (while neglecting that the previous decline in the greenback was unable to take Gold to a…
It’s dividend income update time. One of my favorite times of the month as I get to review my previous month of passive income received from my dividend income portfolios. Without rehashing the wild ride we experienced in the market last month, I could find comfort in one thing, my dividends. As we all know,…
Asian shares are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.4% while the Hang Seng is up 1.2%. The Shanghai Composite is trading up by 0.9%. US stocks climbed on Monday, led by shares of technology companies. However, the gains were limited as President Donald Trump indicated that a decision was imminent…
While officials from the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) were busy on Monday, deciding whether Ethereum (ETH) should be subjected to the same standards and regulations as securities, the cryptocurrency tested a key support level before erasing intraday losses. Could Ethereum break the key resistance level? Read…
Ben Casselman’s NYT piece on economist Tim Kane’s run for a congressional seat in Ohio called my attention to an economists’ poll that I had missed. The poll posed the following question to a group of elite economists: “An important reason why many workers in Michigan and Ohio have lost jobs in recent years is because US presidential administrations…
The primary example of globally synchronized growth has been Europe. Nowhere has more hope been attached to shifting fortunes. The Continent, buoyed by the persistence of central bankers like Mario Draghi, has not just accelerated it is actually booming. Or so they say. Last September, politicians were lining up to confidently declare as much, often…
Just Because You Can Invest in an IPO, Doesn’t Mean That You Should Sometimes it feels like the best time to invest in stocks is 50 years ago—not an encouraging thought for someone looking to get started investing in 2018! Since it seems like everything good is already too expensive to start investing in, you…
