"I never buy at the bottom and I always sell too soon." Baron Nathan Rothchild, his success formula. London financier; 1777-1836 "Doubt is the father of invention." Galileo Galilei, Italian astronomer, physicist, engineer; 1564-1642 "Financial markets will find and exploit hidden flaws, particularly untested new innovations and do so at a time that will inflict the most damage to the most peop...Read More
- Hubert MoolmanGold stocks are often cited as recession proof stocks. Although this has not always been true, they do tend to rise when the economy is in a recessions and/or when the general stock market is in decline or showing relatively little gains.Below, is a long-term chart of the Dow:click charts to enlargeI have indicated significant gold stocks rallies with blue rectangles. As you ca...Read More
Hedonic FantasiesMeaningless AveragesDesperate IdeasInflation May Not Be the Most Important StatisticPhiladelphia, Dallas, and New YorkThe human brain excels at taking shortcuts. Processing all the information our senses collect takes a lot of energy, so repetitive data gets lower priority. Things we see often fade into the background so we can notice new stuff.This is where we get phenomena lik...Read More
Legendary geopolitical and financial analyst Martin Armstrong says, "The central banks are losing power. That's what my new book "Manipulating the World Economy" is all about. It's about all the manipulations. Governments have tried to control it, and they are losing it on every possible level. This is like the last ditch effort, the last hurrah or last battle for the central banks. If the Fed los...Read More
Martin's new book (currently sold-out): Manipulating the World EconomyInterest rates across the developed world have been at historic lows in the wake of the financial crisis, but Martin Armstrong believes the Fed's actions are less effective in the face of actions from the free market. In addition, North American equity markets have been making new record highs to start the decade, but Martin bel...Read More
"...cutting rates to zero to try to address a liquidity problem through repo may actually make the problem worse."Luke Gromen is a graduate of the University of Cincinnati and received his MBA from Case Western Reserve University. He earned the CFA designation in 2003. Luke provides strategic consulting services for corporate executives and is the founder of The Forest For The Trees, LLC, a macro...Read More
"Epstein was hiding in plain sight. We all knew about him. We all knew what he was doing, but we had no one that was - no legal aspect that would go after him. They were afraid of him. For whatever reason, they were afraid of him."Continue...Read More
This despite President Trump's multiple prior pledges to "bring the troops home" especially related to Syria and Iraq. Following the Soleimani assassination and subsequent Iranian ballistic missile Continue...Read More
Yale University Professor Robert Shiller discusses the boom-bust cycle, market exuberance, and a return to economic dynamism. He speaks at the World Economic Forum's annual meeting in Davos, Switzerland on "Bloomberg Surveillance."Robert Shiller is an American economist, academic, and best-selling author. He currently serves as a Sterling Professor of Economics at Yale University and is a fellow a...Read More
Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership and its subsidiaries. Read More
"I stand with Greta on this issue..."We need to drastically reduce our use of fossil fuels. Keep up the fight @gretathunberg." Linton wrote.Continue...Read More
"With a score of 69, the United States drops two points since last year to earn its lowest score on the CPI in eight years. This comes at a time when Americans' trust in government is at an historic low of 17 percent according to the Pew Research Center."Continue...Read More
"The OC Health Care Agency's Communicable Disease Control Division received confirmation from the Centers for Disease Control and Prevention this evening that an Orange County, California case has tested positive for the novel coronavirusContinue...Read More
"There's a lot of really convincing stuff out there and the unfortunate thing is that hurts everybody."Continue...Read More
"I never buy at the bottom and I always sell too soon." Baron Nathan Rothchild, his success formula. London financier; 1777-1836 "Doubt is the father of invention." Galileo Galilei, Italian astronomer, physicist, engineer; 1564-1642 "Financial markets will find and exploit hidden flaws, particularly untested new innovations and do so at a time that will inflict the most damage to the most peop...Read More
- Hubert MoolmanGold stocks are often cited as recession proof stocks. Although this has not always been true, they do tend to rise when the economy is in a recessions and/or when the general stock market is in decline or showing relatively little gains.Below, is a long-term chart of the Dow:click charts to enlargeI have indicated significant gold stocks rallies with blue rectangles. As you ca...Read More
Hedonic FantasiesMeaningless AveragesDesperate IdeasInflation May Not Be the Most Important StatisticPhiladelphia, Dallas, and New YorkThe human brain excels at taking shortcuts. Processing all the information our senses collect takes a lot of energy, so repetitive data gets lower priority. Things we see often fade into the background so we can notice new stuff.This is where we get phenomena lik...Read More
Bob Moriarty ArchivesJan 27, 2020The “Everything Bubble” just burst. Here’s why.I was in Vietnam from July of 1968 until March of 1970. From November of 1968 until July of 1969 I was flying theO-1 Birddogas aForward Air Controller. Back then I used to believe all the bullshit our government puts out. Now when Trump says the Iranians fired missiles at a US base in Iraq and none of...Read More
By: Ira EpsteinGold's short to long-term technicals:Read More
Friday's nasty stock-market reversal was the most interesting we've seen in a long while. The ostensible cause of the selloff was mounting anxiety over the spread of the deadly coronavirus from China to the U.S. and elsewhere. Three cases have been reported so far in the U.S. and 2,000 worldwide, and although no one seems to expect a major outbreak in North America, it's not hard to imagine a me...Read More