Longer term China will be a much more advanced economy. But in the coming years it has to deal with the debt overhang from its recent stellar growth.
At today’s prices, stocks are already so high, there’s not much mountain left to climb.
The Dow dropped 208 points yesterday — or about 1.3%. After last week’s pause, it will be interesting to see if the selloff resumes.
While these ‘let us take the worry out of investing for you’ strategies appear to simplify the investment approach, they actually make it more complex.
If you’re still eating dinner, a bottle of Malbec makes almost any stockmarket rout more bearable. Such was the case on Friday.
Is it true that the Fed is really going to follow through with its promise to return interest rates back to normal?
Yellen is supposed to announce a tiny increase in the Fed’s key lending rate…currently sitting at 0.25%. Analysts will examine every word.
Today, we continue our philosophical look at what you should do if you are running out of time and money. Where do we begin? With how to add wealth? Or how to lose it?
China has just gone through the most astounding credit binge in history, and most of it at a tremendously misplaced interest rate.
When this sell-off intensifies, Mr. Trump, Wall Street, and the One Percent will lose money. The feds’ fictitious capital will go back where it came from — nowhere.
The Dow plunged 588 points yesterday — a nearly 4% drop…and the second straight day of losses of more than 500 points.
Oh, Dear Reader, imagine our alarm! Feel our pain! When we left the office on Friday… the federal government was just hours from shutting down! We crossed our fingers… and dreamt of Eden. By Sunday afternoon, you can imagine our disappointment. Everything was as before. Ding dong, the witch was not dead.
The rich get richer. And richer. And richer. The Swamp gets deeper. And deeper. And deeper. Then, suddenly, a ‘levelling’ comes along — plague, war, revolution… or the collapse of government. Then, people are much more equal in income… but usually, much more dead, too.
Why does the Fed go along? Why do these economists aid and abet the larceny? We’ve already explained it: All of these foul notions — stimulus…data dependence…demand management — are simply activist claptrap. They allow a smart economist to sound like he knows what he is doing. But they are all nonsense.
With Mr Trump in the White House…Congress in session…the ‘Eye in the Sky’ of 17 spook organisations…three generals at Mr Trump’s right hand…and Janet Yellen and her merry band of crack economists on his left...what’s to worry about?