In November, Greeks withdrew €220 million from banks. In December, the figure soared to €3 billion. My advice to Greeks is simple: Get out while you still can. That means now! Via translation from Libre Mercardo, please consider ECB Threatens to Unleash the ‘Banking Yard’ The term “banking yard” is in reference to what happened to…
Expedia, Inc. (EXPE – Analyst Report) is perfectly positioned to capture the surge in travel that is expected in 2015 as consumers have more money in their pockets thanks to lower gasoline prices. This Zacks Rank #1 (Strong Buy) is expected to produce double digit earnings growth in 2014 and 2015. Expedia is one of the most recognizable…
Over the past few months the “blow off” camp has gotten fairly crowded. First, Jeremy Grantham said that we are very nearly in bubble in the stock market currently. However, he believes that bubbles don’t just fizzle out. They usually end in an epic move that runs faster and farther than anyone could ever imagine. Specifically, he’s looking…
Consumer credit growth has been trending down since July – but grew this month. It is interesting that student loan growth has not been distorting one’s view of the consumer credit growth as the rate of growth is now slightly decelerating. Overall, consumer credit is growing at roughly double GDP growth and repayment of consumer debt…
Gold rose on Friday ahead of a closely watched U.S. jobs report and the metal was set to post its first gain in four weeks thanks to safe-haven bids amid political uncertainty in Greece plus robust Chinese demand. Spot gold ticked up 0.3 percent to $1,212.21 an ounce by 0308 GMT but it was below a…
What will you accept as real–your intuition that something is deeply amiss in America, or the official propaganda that all is well? In 1967, the rock group Buffalo Springfield recorded a song titled For What It’s Worth which speaks not just to the late 1960s but to the present. Consider the opening lines: There’s something happening here…
2014 was a year of divergence for the two major types of pass-through income stocks. Real estate investment trusts – REITs – had a great year, with the Dow Jones REIT index posting a 32.4% total return for the year. The other class of income stocks, master limited partnerships – MLPs – was hit by…
At the recent Web Summit in Dublin, I caught up with Moe Levin, Director of European Business Development atBitPay, an American company that provides payment services for the peer-to-peer virtual currency Bitcoin. Levin, who has organised Bitcoin conventions in North America and Europe, told me the latter is by far BitPay’s fastest-growing market for merchants adopting…
QUESTION: Dear Mr. Armstrong, Thank you for the amazing information you provide so freely. I have been trying to warn friends & family about the bond bubble that you have identified. It’s easy enough to explain why international capital flows are pushing the USD and bond market higher, but I am having trouble explaining WHY the…
’Tis the season for making forecasts. I will be sending my own five-year projections this weekend, but today for your Outside the Box reading pleasure we look at some similarly longer-term prognostications from the newest member of the Mauldin Economics writing team, Jawad Mian. Jawad writes a monthly global macro advisory publication called Stray Reflections, which…
