Is the U.S. the “last man standing” when it comes to the (previously) synchronized global expansion? I don’t know, but what I do know is that the idea of synchronous global growth has been undermined recently by soft data in Europe. Surprise – it’s falling apart: (SocGen) I mean, maybe not. There are some supply-side…
One of the keys to success is choosing the right timing to enter and exit a position. The right timing, mostly, assumes that underlying there is good research and lots of patience. Now, a consolidation period has the largest profit potential, but is the hardest period to overcome. We will illustrate this insight on the…
Argentina has just raised interest rates to 40% trying to support the currency. I have explained many times that interest rates follow a bell curve and by no means are they linear. This is one of the huge problems behind attempts by central banks to manipulate the economy by impacting demand-side economics. Raising interest rates to stem…
GBP/USD extends its sharp fall, dipping under the 1.35 level at one point as data continued disappointing. Sterling now faces the Bank of England’s decision, among other events. Here are the key events and an updated technical analysis for GBP/USD. PMI data added to the misery with manufacturing dropping to 53.9 and services, the largest sector,…
“I made the wrong decisions on Google and Amazon,” investing guru Warren Buffett told shareholders at the annual Berkshire Hathaway 2018 meeting on Saturday. “We’ve looked at it. I made the mistake in not being able to come to a conclusion where I really felt that at the present prices that the prospects were far better than…
At the Berkshire 2018 Conference, Buffett and Munger discussed their discussion in Apple Inc. (Nasdaq:AAPL) and whether they approve of the company’s buybacks. See below for an informal transcript on that topic. Reporter-We’ve got a handful of questions relating to Apple. This is a bit of a mash up of a couple of them. Warren…
Not quite outdoing President Trump, Elon Musk took on the media/ financial press when he refused to answer some questions during a conference call and then vowed to bury the shorts. But even Musk’s meltdown this week failed to tank Tesla, although the stock remains under pressure Equity markets once again shrugged off national discord…
Rhetorical questions, by rationale, are rooted in truth. We all know some of the classics: “Does a bear relieve itself in the woods?” “Do politicians do different from that which they promise?” “Is the stock market going to crash?” “Are the Cleveland Browns a bad football team?” And as we queried a week ago, will…
Albert Einstein was, it turns out, apparently not the person who defined insanity as “doing the same thing over and over again and expecting a different result” but it’s a good definition just the same. The definition certainly applies in economics and financial markets when we apply regression analysis to data on the assumption that nothing…
Talking Points: Eurozone PMI Confirms Cooling Growth; EURUSD Weakness Set to Continue. EURUSD Eases as Euro-Zone Inflation Data Miss Expectations. Fundamental Forecast for the Euro: Neutral It was another rough week for the Euro as sellers remained in control against most major currencies. The notable exception being the British Pound, as GBP remains in the midst of an…
