Category Archives: Economics

Weekend Reading: Bear Market Repo’s

Written by Lance Roberts | May, 18, 2018

An interesting email hit my desk this morning: “The stock market goes up 80% of the time, so why worry about the declines?” Like a “bull” – rising markets tend…

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Weekend Reading: The Art Of War

Written by Lance Roberts | May, 11, 2018

“Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.” – Sun Tzu: The Art Of War The biggest mistake investors make over the…

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Stoking the Embers of Inflation

Written by Michael Lebowitz and Brett Freeze | May, 10, 2018

This article was co-authored by J. Brett Freeze of Global Technical Analysis and Michael Lebowitz Monetary Velocity, an oft-misunderstood metric that quantifies the pace at which money is spent, has…

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A Better Way to Gauge Housing Affordability

Written by John Coumarianos | May, 9, 2018

It’s official — house prices are now as high as they were at the bubble peak in 2006 according to the S&P/Case-Shiller 20-City Composite Home Price Index. Moreover, Americans believe they…

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Weekend Reading: Are You Not Entertained?

Written by Lance Roberts | May, 4, 2018

Over the last several weeks, a majority of U.S. companies have divulged their earnings. The vast majority have been their downwardly revised estimates for the first quarter with bottom line…

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Weekend Reading: Rates Still Headed To Zero

Written by Lance Roberts | Apr, 27, 2018

Just recently, I was accused of “quietly abandoning” my belief that rates are ultimately headed toward zero. Nothing could be further from the case particularly as the recent rise in…

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The “Smart Money” Is Bullish On The Dollar

Written by Jesse Colombo | Apr, 23, 2018

After a brief post-Presidential election surge in 2016, the U.S. dollar has been in a steady downtrend since early-2017. The dollar’s grind lower has helped to boost non-U.S. currencies as well…

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Weekend Reading: The Return Of Stagflation

Written by Lance Roberts | Apr, 20, 2018

One of the worst possible outcomes for the U.S. economy, and ultimately for investors, is stagflation. Of course, if you weren’t around in the 60-70’s, there is a reasonably high…

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The Fed Has Forgotten The Lessons Of 2008

Written by Jesse Colombo | Apr, 19, 2018

A few days ago, Neel Kashkari, president of the Minneapolis Fed, told an attendees at an event at Howard University that Wall Street is “forgetting the lessons of the 2008…

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The Risk To Markets – Global Growth

Written by Lance Roberts | Apr, 19, 2018

The stock market has been rallying on the surge in global economic growth (recently monikered global synchronized growth) over the past year. The hope, as always, is that growth is…

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CBO – “Making America More Indebted”

Written by Lance Roberts | Apr, 12, 2018

In December of last year, as Congress voted to pass the “Tax Cut & Jobs Act,” I wrote that without “real and substantive cuts to spending,” the debt and deficits…

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The Mind Numbing Spin Of Peter Navarro

Written by Lance Roberts | Apr, 6, 2018

“The market is reacting in a way which does not comport with the strength, the unbelievable strength in President Trump’s economy. I mean, everything in this economy is hitting on…

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The Next Crisis Will Be The Last

Written by Lance Roberts | Apr, 5, 2018

It is an interesting thing. Throughout the last four decades there is a direct link between the actions of the Federal Reserve and the eventual economic and market outcomes due…

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Is The Ballooning Debt Really Inflationary?

Written by Lance Roberts | Apr, 2, 2018

Last week, Kevin Muir wrote a very interesting piece on debt and whether it is inflationary or deflationary. To wit: “One of the greatest debates within the financial community centers around…

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