Long before fake news, there was financial news. And statistics. And analyst ratings. Have you ever noticed the financial news with tickers and flashy charts looks a lot like the inside of […]
Since 2007 global debt is 40% higher, the top five banks control more of the banking assets, shadow banking expanded from $28 trillion to $45, and banks were fined $321 billion but no one that caused the crisis went to jail. So welcome to the next crisis in waiting.
I’ve been here before and, candidly, it’s not much fun. Lodged in my mind this week was the brilliant quote from the 19th century German philosopher Arthur Schopenhauer: “All truth passes through […]
Wow, what a difference a year makes. What happened to the TSP I fund? As we will see, part of what happened was really what is not happening to the international fund. But first let’s discuss the TSP S fund.
Wow, what a difference a year makes. What happened to the TSP I fund? As we will see, part of what happened was really what did not happen to the international fund. Note: […]
Powell, Greenspan and Whatever it Takes Fed Chairman Powell is in a tough spot, one made no easier now that he’s on the receiving end of disapproving presidential Tweets. The global […]
Yesterday I did some quibbling in my subscriber’s market commentary section about the headlines declaring a new high and a new record for the longest bull market. My quibbling was about whether […]
I do not write about individual companies unless they can teach us something about the broader market like in GE: A Prelude . So what can Amazon, the second most expensive company in the […]
[Turkey] The situation has evolved into a full-fledged crisis of confidence, which typically foreshadows the violent end to a country’s existing financial and economic structure. …As I have posited repeatedly and expounded […]
The renminbi traded at 6.8935 in early-Friday trading, with intensified selling pushing the Chinese currency to its lowest level (vs. the $) since May 26, 2017. The People’s Bank of China (PBOC) […]