Is the global trade war heating up, or has President Trump positioned America to make itself great again? Despite his bluster and penchant for causing angst among enemies and allies alike, Trump’s tactics seem to be working. China seems ready to negotiate on trade, while Europe seems to have conceded on increasing military spending to … Read More
In 2014, I adapted the story There Was an Old Lady Who Swallowed a Fly, to describe the absurdity of the Fed’s actions in handling crises of their making.
Over the last couple of days, we’ve been laying our own cards on the table. We want dear readers to see what we’re holding — including the jokers. Yes, in addition to the fairly standard…
This is a big day in Washington. First, the pols will welcome the new senator from the great state of Alabama. Second, and more pregnant with mischief, Fed chief Janet Yellen will appear before Congress.
US interest rates have gone up; and the US stock market has taken off. You’d say those conditions are perfect for a bullish dollar. But that hasn’t been the case. The good news of a…
Maybe monetary policy isn’t the cure for sky-high stock prices. What’s the solution? Maybe the only cure for high stock valuations is…
This complex web of financial and economic links have the potential to unleash black swan events at any time. These are events no one expects until they happen. But they will happen.
The economy is not growing at a ‘moderate speed’. Officially, per capita growth is less than 1% a year. What kind of ‘oomph’ is that?
What’s the difference? If it looks like real money…and spends like real money…and saves like real money…isn’t it real enough? Glad you asked.
Wall Street provides the illusion of prosperity…bidding up stock prices as though they were made more valuable by the administration’s dumb-head policies.
Why should stocks be so expensive? Oh, yes…because the Trump Team is going to light a fire under Wall Street. But they must be wondering about that, too.
You should instead think of the coming correction as a major buying opportunity. Look to buy your favourite stocks near the low.
In one of the most long-awaited interest rate hikes in history, overnight, the US Federal Reserve bumped up the Fed funds rate by 25 basis points.
The Shanghai Accord in its simplest form is a weaker dollar. It was a way for China to cheapen their currency without breaking the peg to the US dollar.