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…
The mainstream media narrative – that Germany is ready and prepared for Grexit and that it is no longer a threat to financial stability – is all hype, according to German opposition finance minister Joachim Poss. As Bloomberg reports, all that is mostly posturing for an electorate tired of the aid and angst Greece has demanded since 2010. Simply put,…
Among all the public health threats, there is no question that antibiotic resistance champions the list. The problem of antibiotic use is paradoxical because the only treatment for some of the most deadly hospital associated infections (e.g., MRSA) is antibiotics, which, in turn, exacerbate resistance. Antibiotic resistance occurs when a bacteria loses sensitivity to a…
2015 has gotten off to some wild swings, to say the least. The past 2 days (4th and 5th day of a New Year) have been the strongest since 1950, pushing the S&P 500 up 2.97%. This comes on the heels of the S&P getting off to the third worst start in 65 years…
The Scots are superstitious about “first footing”, who first crosses your threshhold in the new year. And yesterday, the first full makret day for 2015 was a right bust. Today is Twelfth Night, Epiphany, the formal end of the Christmas season, but yesterday already hinted how things will play out. There may be no Santa…
As the glow fades from holiday festivities and New Year’s celebrations the view forward in 2015 is now becoming clear, more of the same. Sounds boring but when you consider what the returns from the prior four years were, I’ll take “more of the same” any day, month and year. Where we are and our…
Shares of Macy’s, Inc.’s (M – Analyst Report) fell 3.2% in yesterday’s after market trading session following the company’s announcement of extensive restructuring, including store closures and layoffs. The announcement overshadowed Macy’s decent holiday comps report. Analysts note that though the restructuring measures are impressive and will result in $140 million in annual cost savings beginning 2015, the…
I received an interesting question from reader Michael yesterday. Michael asked “Did the Real Economy, Not Counting Government, Expand in Last 20 Years?“ Reader Michael did not think so. Take a moment before reading further to think about how I might answer and how John Williams at Shadowstats might answer. My Response If the average…
