One of the major themes to the markets and global economy over the past few decades has been the consistently increasing “globalization” of the world. This has had substantial impacts to trade, economic growth, geopolitics, labor dislocation and, of course, travel. If one wanted to visit Europe from the United States one hundred years ago…
It seems like it was only yesterday when we reported that, in yet another slight of hand for the US Treasury and Social Security Administration, US debt rose by $32 billion on the last day of November sending total US debt above $18 trillion for the first time ever. As we further noted, it also meant…
Jim Rickards spoke with Daniela Cambone on Kitco News about what he thinks 2015 will hold for the price of gold and the United States dollar. Rickards reminds us that we’re in a long-term currency war that could continue for years. There’s a good chance that gold will be needed to bring back confidence in…
January is usually a pretty strong month for stocks, suggesting that many could see large gains to start the year if historical trends hold true yet again. This is largely attributed to the “January Effect”. What is January Effect? January Effect is a historically observed increase in stock prices in the month of January due…
Junk bonds have bounced with Santa (nominal HYG, top panel), but have remained locked in downtrend all through the bounce. Further, Junk vs. Investment Grade and long-term Treasury are still very bearish. So an ongoing negative divergence to the US stock market remains firmly intact.
Today’s blog features forecasts by our special correspondent, Fearless Fosdick, who, aided by his abilities in reading Tarot cards, stars, crystal balls, palms, and entrails, will forecast the best stocks for the coming year based on his hunches. Featured Fearless Fosdick’s fifteen forecasts for ’15 follow, or FFFFFFFF: the US dollar cannot keep it up….
Gold and silver took a sharp jump higher about 10 AM, when the economic news came in weekly, and stocks sold off. I am not too sure how much importance to give to the markets today, since it seemed that the algos were in charge, with some of the junior staff to tend to their…
It is the first time since 2008 where the last day of the prior year, and the first day of the new year were both down. This is the 4th down day in a row… we suspect everyone needs to remember the following… The early strength this morning was what everyone expected after Friday’s flush…
<< Read: Variables For An Effective Demand Limit To The Business Cycle Part 1 << Read: New Variable For Effective Demand Limit Part 2 The effective demand equation has made great progress in the last week in spite of me being really sick with fever and congestion. And so I continue the development of the effective demand equation…
The headlines say construction spending declined this month – the data is volatile and backward revisions distort the picture. However, the rate of growth looking at the unadjusted rolling averages has been stable. Noteworthy is a continued softness in private sector construction with some strengthening in public sector construction. The backward revision this month again…
