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

The global oil and gas industry is facing the "twin threats" of the loss of profitability and the loss of social acceptability as the climate crisis continues to worsen. The industry is not adequately responding to either of those threats, according to a new report from the International Energy Agency (IEA)."Oil and gas companies have been proficient at delivering the fuels that for...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

Chinese steelmaker Hebei Jingye Group has moved a step closer to acquiring British Steel following an agreement made with the trade unions that could result in 500 job losses.The proposals from Jingye on terms of employment now need to be agreed by British Steel staff following the negotiations by the various trade unions.Other outstanding hurdles to the deal include Jingye reaching an agreement.....Read More

A summary of Anglo American's production results for iron ore in the fourth quarter and full-year 2019, as well as production guidance for 2020, following the company's report released on Thursday January 23. The South African Kumba unit increased production on both comparisons due to the Sishen mine improving operational performance and the Kolomela mine - both mines are part of the Kumba un...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

Here are five Fastmarkets MB stories you might have missed on Friday January 24 that are worth another look.Chinese steelmaker Hebei Jingye Group has moved a step closer to acquiring British Steel following an agreement made with the trade unions that could result in 500 job losses.Copper scrap buyers in the United States are concerned that an increase in US exports to China could pressure di...Read More

Here are five Fastmarkets MB stories you might have missed on Friday January 24 that are worth another look.Chinese steelmaker Hebei Jingye Group has moved a step closer to acquiring British Steel following an agreement made with the trade unions that could result in 500 job losses.Copper scrap buyers in the United States are concerned that an increase in US exports to China could pressure di...Read More