While gold is choppy, it should rise up to its normal seasonal turning point. From there, it appears that gold will turn back down moving into the benchmark targets outlined in the report. The first resistance that must be overcome to hint that the seasonal bounce is unfolding requires a daily closing ABOVE 1256. That…
Find out how to practice the skills of strategic thinking, whether you’re playing chess, managing your portfolio, or running a company. (Audio Length: 00:07:54)
by L. Randall Wray Here’s a summary of the plan Bernie Sanders has set out, along with my comments (in italics). 1.) We need a major investment to rebuild our crumbling infrastructure. $1 trillion investment to create 13 million decent paying jobs and make this country more efficient and productive. Agreed, but let’s not settle…
Sometimes a dominant story continues from one week to the next. Crashing energy prices and continued selling of any related stock seems to have spilled over into the rest of the market. There will also be a Fed meeting with new projections and a press conference. Will crashing energy prices change the Fed’s course? Prior…
If Mario Draghi was lacking ammunition to initiate an outright quantitative easing program in the Eurozone, he certainly has it now. Even the staunchest opponents will have a tough time arguing against the need for a more aggressive approach to monetary easing. Here are five reasons: 1. The take-up on ECB’s TLTRO offering (see post) fell…
It’s a holiday miracle: give the worst creditors access to cheap money for longer-and-longer terms and hey presto, ‘expensive’ stuff is available to everyone. Retail sales modestly beat expectations in November (+0.7% vs +0.6% expectations) despite the NRF previously reporting the worst extended Thanksgiving shopping weekend since Lehman which surely got lost in the Arima-X-12…
With the market looking wobbly this December, the need to get paid in cold, hard cash has never been more apparent. If you are already in retirement, selling portfolio positions in a declining market to meet your living expenses is, for lack of better word, scary. Living off of dividend and interest income makes for…
An improving U.S. economy, substantial surge in manufactured and retail goods, and a sharp rebound in many end markets are expected to fuel the future growth of the Trucking industry. Declining oil prices over last couple of months is a major boon for many truckers. Fuel cost accounts for a considerable portion of expenses of…
The 10-Year Bond now has a Yield of 2.08% right before the all-important Fed Quarterly Meeting and Press Conference this Wednesday, the 10-Year basically lost 24 basis points in a week, and mind you the week right after the strongest Employment Report (a positive 321,000 jobs added for the month) since the Financial Crisis, capping what has…
By James Rickards Today’s investment climate is the most challenging one you have ever faced. At least since the late 1970s, perhaps since the 1930s. This is because inflation and deflation are both possibilities in the near term. Most investors can prepare for one or the other, but preparing for both at the same time…
