
Wall Street Celebrates longest bull market rally ever… but is it? And Potential black swans ...
• Tim PicciottWall Street Celebrates longest bull market rally ever… but is it? And Potential black swans that could derail the rally
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Wall Street Celebrates longest bull market rally ever… but is it? And Potential black swans that could derail the rally
Underneath the current economic boom, there are some truly worrying signs...
Regular readers know that we consider used car prices an important, if overlooked, indicator of the true state of the US economy. More Americans buy used vehicles than new ones, making them a deeper measure of consumer sentiment.
One month ago we discussed why according to the recent data, the "Housing Market Headed For "Broadest Slowdown In Years." Fast forward to today, when we received the latest confirmation that the US housing market appears to have recently hit a downwa
The gas and fuel oil prices are tied to crude oil prices, which tend to fluctuate as oil-producing countries move production targets and face wars, natural disasters, and internal turmoil. Oil speculators then try to take advantage of the market shi
Sanctions left and sanctions right. Financial mostly, taxes, tariffs, visas, travel bans – confiscation of foreign assets, import and export prohibitions and limitations; and also punishing those who do not respect sanctions dished out by Trump, al
...and how do things usually work out for the rat?
Most of the post-Lehman era has been characterized by unprecedented easy monetary policy meant to inflate asset prices, and sure enough after 705 rate cuts, and $12.4trillion in QE, the S&P is just shy of its all time highs.
Emerging market currencies are collapsing pretty much everywhere these days. But it's safe to assume that most people don't understand exactly what's causing this outbreak, why it's happening now, or what "external dollar debt" has to do
Lance Roberts sees trouble ahead.
Roger Ver (Bitcoin Evangelist; Angel Investor; CEO Bitcoin.Com) on Bitcoin/Bitcoin Cash, Crypto markets, etc... Colin Cantrell (Nexus Developer) gives an update on Nexus Earth and all things crypto; 3D Blockchain; Nexus Conference Sept 19-22, 2018 in
Anyone who believes that the Republican Party is conservative, especially in the area of federal spending, is seriously deluded. I have said for years: The only difference between Democrats and Republicans is Democrats want to tax and spend, and Repu
A New York Fed report shows household debt hit a new record high of $13.29 trillion in the second quarter.
Every month the Fed does a survey of consumer expectations. Let's compare the CPI to what consumers say they will do. Inquiring minds are diving into the New York Fed Survey of Consumer Expectations report for August.?
The cost of living in the U.S. is rising at its fastest rate in 10 years, according to new data from the Labor Department.
The US' spending problem is starting to become a major issue.
In the wake of the U.S. doubling tariffs on Turkish steel and aluminum on Friday which sent the Turkish lira and capital markets into free fall, Erdogan wrote a Friday New York Times op-ed cataloging his grievances and threatening to walk away from t
[Foreword to Mark Thornton's new book (Auburn, AL: Mises Institute, 2018).] In the wake of the financial crisis of 2008, the economics profession suffered a blow to what reputation it had. But unlike most of his colleagues, Mark Thornton was vi
Here's an array of interesting Tweets I compiled this weekend
America's long-term "balance sheet numbers" just continue to get progressively worse. Unfortunately, since the stock market has been soaring and the GDP numbers look okay, most Americans assume that the U.S. economy is doing just fine. But
Wages are not keeping up with consumer price inflation. The average worker is worse off than a year ago.
Prices started dropping yesterday after the U.S. Securities and Exchange Commission (SEC) extended the Cboe exchange-traded fund decision. Immediately after the announcement, bitcoin core (BTC) values shaved off $400 in an hour and the currency has l
In the interview, the Wall Street bull referred to the current indicators of Fundstrat's recently launched Bitcoin Misery Index (BMI), which aims to inform investors of how "miserable" holders of the currency are based on its price and volatili
According to the study, a three-decade shift of financial risk from government and employers to individuals is at fault, as aging Americans are dealing with longer waits for full Social Security benefits, 401(k) plans replacing employer-provided pens
Money manager Rob Arnott and finance professor Lisa Meulbroek have run the numbers on underfunded pension plans and come up with an interesting – and highly concerning – new angle: That they impose a "stealth mortgage" on homeowners. Here's
The stability of America's status quo is illusory.
Peter Schiff is an economist who served as an advisor to Ron Paul in 2008 and even made a run for Senate on his own at one point.
America
In a normal business cycle, the economy expands for a while and businesses hire lots of new people at somewhat higher wages, generating enough tax revenue to shrink the government's budget deficit – and in rare cases produce a surplus. So, for a
In 2015, at the peak of the commodity-crush induced wave of energy defaults, a high-yield bond fund at Third Avenue in froze withdrawals to avoid having to divest holdings at fire-sale prices. That set off a chain of events that rattled credit market