The world is racking up a record level of debt, much of it driven by emerging markets. But with interest rates in the U.S. heading up, the excessive reliance on easy money to drive economic growth can backfire on countries that depend on money flows from abroad.
The global debt pile has climbed to $215 trillion in 2016, an increase of $70 trillion from a decade ago, according to a report publi... read more
It’s probably the oldest investment adage: buy low, sell high.
Easy to say, sometimes hard to do. But not today…
It doesn’t take a rocket scientist to see that many asset classes are overvalued today and would represent “buying high.” Here’s a quick snapshot of the three biggest investment classes, all of which serve as a giant warning sign to investors…
The broad stock mar... read more
Jason Burack of Wall St for Main St interviews, best selling author, Jim Rickards
In this interview Jim Rickards explains that China is getting ready for a post dollar world by on going accumulation of gold.
During this 30+ minute interview, Jason starts off... read more
Living on borrowed money and borrowed time, the busts of 2000 and 2008 were just a hint of what's to come.
Dr. Paul discusses the failure of Keynesian economics in the interview below and begins around the 3:10 mark:
Health care dead. Tax cuts in doubt.
Is a government shutdown next? And when?
Details coming up, as the news folks say.
But first to the narrow canyons and broad shoulders of Wall Street…
We wondered yesterday if the post-health care market swoon would trigger another round of “buying the dip.”
It seems we have our answer…
The Dow was up a dip-buying 150 points today.
The S&P tac... read more
The U.S. is headed for a recession in the next two years as excessive fiscal stimulus from the President Donald Trump administration takes the economy into unsustainable territory, Adam Posen, president of the Peterson Institute for International Economics, told CNBC Tuesday.
Posen, who served at the Federal Reserve Bank of New York in the mid-90s, said that GDP (gross domestic product) grow... read more
Economist John Williams of ShadowStats.com is renowned for accurate economic numbers that are realistic compared to other economists and what the Fed puts out.
John Williams says Williams says “The banks are still not healthy. . . . The Fed is still fighting the battle it effectively lost in 2008. Mr. Trump has several problems. One is the economy. One is the long term budget deficit... read more
We had a heavy event calendar last week for markets, with the Fed, BOJ and BOE meetings. And then we had the anticipation of the G-20 Finance Minister's meeting as we headed into the weekend.
As I said to open the week last week, markets were pricing in a world without disruptions. But disruptions looked likely. Still, the week came and went and stocks were little changed, but yields came in... read more
Who is a Central European? It’s someone who’s got a German name, Hungarian heritage, was born in Czechoslovakia (dissolved in 1993), lives in Bratislava (Slovakia), but loves to spend time in Vienna (Austria). It’s a person who appreciates the constant flux of political and economic events happening in this part of the world.
I wrote up this article for the SRSrocco Report to documen... read more