An interesting thing has begun to occur in the market which is more a symptom of exuberance than prudence as there seems to be nothing that can derail the market…
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This past week marked the 10th-Anniversary of the collapse of Lehman Brothers. Of course, there were many articles recounting the collapse and laying blame for the “great financial crisis” at…
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One of the ongoing thesis behind a continuation of a bull market from current valuation levels is that there has been a permanent shift higher in valuations due to changes…
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Last week, the Bureau of Labor Statistics (BLS) published the August monthly “employment report” which showed an increase in employment of 201,000 jobs. It was also the 94th consecutive positive…
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Doug Kass made an interesting observation about the market yesterday: “The month of September started with optimism. That optimism has faded in the last two trading days. The most notable…
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I have been, and remain, bearish on emerging markets for three reasons: As discussed yesterday, the U.S. is closer to the next economic downturn than not. When the U.S. enters…
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“Only those that risk going too far can possibly find out how far one can go.” – T.S. Eliot I was reminded of that quote recently as I was reading…
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Listen, I get it. When markets are rising everyone wants to be bullish. Why not? As Bob Farrell’s Rule #10 states: “Bull markets are more fun than bear markets.” It…
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The S&P 500 hit an intraday record of 2,876.16 on Friday, surpassing its January 2018 peak that occurred before the violent 12% correction that ensued in February. The official reason…
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Yesterday, the President stated: “If I ever got impeached, I think the market would crash. I think everybody would be very poor. Because without this thinking, you would see, you…
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In July of this year, James McCusker penned an article entitled “Don’t Fear The Yield Curve” in which he stated: “There are always a lot of things to worry about…
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Last week, I spent some time with Chris Martenson of Peak Prosperity discussing a variety of issues ranging from the stock market to the economy to the debt. As you…
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There is an age old fable describing a frog being slowly boiled alive. The premise is that if a frog is put suddenly into boiling water, it will try and save…
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As if the recent turmoil in Turkey, South Africa, and other emerging markets wasn’t enough, commodities including copper are now sinking as well. Copper, which is known as “the metal…
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Though Turkey’s financial markets have been struggling since the start of this year, the country’s currency and government bonds have been in an all-out freefall in the past week. A…
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I have been doing a daily radio talk show for 18-years. I started out, totally by accident, doing a financial talk show on a business radio station in early 2000…
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Yesterday, I discussed the mathematical adjustment to the GDP calculation that added $1 trillion to economic growth. To wit: “Where did a bulk of the change come from? A change in…
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Last week, while I was on vacation, I penned a report prior to the release of the second quarter GDP report in which I noted the following: “Tomorrow, the US Department…
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The founder who shaped our economic system more than all the others was Alexander Hamilton. Unlike Thomas Jefferson, Hamilton favored an economy based on finance and industry rather than agriculture….
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Tomorrow, the US Department of Commerce will report its advance estimate of 2Q GDP which will be the long-awaited evidence that “Trumponomics” is working. The current estimates for the initial print…
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