Even though Boris Johnson has stated that a deal has been struck to allow the UK to finally “Brexit” the European Union, the real consequences of the Brexit vote in seven days still remains muted. The revised March 2019 Brexit deal that is being tabled at the end of this month includes agreements on multiple … Continue reading What are the Real Consequences of the Brexit Vote on 31 October?
Though the following condition was often a fact discussed in past years about US stock markets, for some reason, this year, it remains the most overlooked condition of US stock markets. Just a handful of stocks have contributed to nearly all returns in the S&P500 and the Nasdaq100 for a few years running now, with … Continue reading The Most Overlooked Condition of US Stock Markets
The true definition of wealth is not society’s definition of wealth. When society discusses success and wealth it is overwhelmingly often within a singular focus that revolves around material success and consumerism. The more one consumes and the more luxury items one owns, the more society reinforces the behavior and the perception that one is … Continue reading The True Definition of Wealth is Not Society’s Definition of Wealth
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This year, the Royal Swedish Academy of Sciences awarded the Nobel Prize in Economic Sciences to Abhijit Banerjee, Esther Duflo, andMichael Kremer for their pioneering work in attacking issues of education and health to provide real world solutions in attacking the global problems of poverty. While I laud these two gentlemen and one woman for … Continue reading How the Politics of the Nobel Prize Clouds Public Understanding of Important Global Issues Like Poverty
Bankers and President Trump continually used the media as a pawn to goose US stock markets higher. For a President that publicly states his disdain for US Central Bank Chairman Jerome Powell (privately, he really doesn’t) and repeatedly harps about the incompetence of US Central Bankers (privately, he doesn’t really believe this either), President Trump … Continue reading How Media is Used as a Pawn to Goose US Stock Markets Higher
The US China trade war is bullish for gold prices (long term), though the relationship between the bullish nature of gold (and silver) prices over the last 15-months and the US China trade war is at first, not so readily apparent in the below chart. As you can see below, for the first 7 ½ … Continue reading Why the US China Trade War is Bullish for Gold Prices
For the past year, we have been increasingly observing the same events that preceded the 2008 global financial crisis. Four months ago, the UK Guardian reported that a well-known mutual fund manager in the UK, Neil Woodford had blocked redemptions of his flagship Woodford Equity Income Fund after it lost £600M in valuation, including £187M … Continue reading The Same Warnings That Preceded the 2008 Global Financial Crisis Have Been Appearing Again
The US corporate junk bond yield market has always been a leading indicator of troubles to come in other capital markets, including US stock market performance. Besides the necessity of the revival of the overnight repurchase agreement by the US Central Bank to inject emergency liquidity into the US banking system raising massive red flags, … Continue reading Another Ominous Chart. Re: Future US Stock Market Performance
Many bank runs have happened around the world since 2013, and many moreare coming between 2020 to 2029 After July of 2013, when bankers in Cyprus stole nearly half of depositors’ accounts at the Bank of Laika and the Bank of Cyprus in order to recapitalize these two Cyprus banks that had gone bankrupt after … Continue reading My Prediction of Dozens More Bank Runs That Would Follow Cyprus are Now Happening