South Africa’s Lindsay Williams interviewed Jim Rogers, Peter Schiff, and me in today’s Fine Business Radio show. The segment with me starts at 19:55. I have posted the whole show because it’s fascinating.
Global equity markets were steady to narrowly mixed in quieter overnight dealings. U.S. stock indexes are pointed toward firmer openings when the New York day session begins. The U.S. indexes are at or near record highs with no early chart clues to suggest they are topping out.
Any nation-state that meets these four requirements is fully exposed to a global loss of faith in its economy, debt, balance of payments and currency. There’s an entire sub-industry in journalism devoted to the idea that China is poised to replace the …
Every month the National Association of Realtors puts out a report that it calls “Existing Home Sales.” The financial “news” media dutifully reports the story as if it is news, when it is really history. Existing Home Sales is actually a rubber stamp figure from sales data we had a month or two before. It…
Part of “reflation” was always going to be banks making more money in money. These days that is called FICC – Fixed Income, Currency, Commodities. There’s a bunch of activities included in that mix, but it’s mostly derivative trading books forming the backbone of math-as-money money. The better the revenue conditions in FICC, the more…
There was a funny sort of Congressional exchange all the way back in November 2005 that in a weird way defines our world today. At the nomination proceedings on whether to confirm Ben Bernanke as Alan Greenspan’s successor, Senator Jim Bunning of Kentucky wanted the prospective Fed Chairman to first answer for M3. It had…
The Sears closing spree has reach 200 stores with its third store closing announcement so far this year.
And this deal to sell its exclusive Kenmore home appliances isn’t likely to reverse the store closing trend.
Billionaire Mark Cuban just warned about the devastating effects artificial intelligence will have on U.S. jobs.
But there’s much more to know about automation’s takeover than that.
The silver price continued its rebound last week from the July 7 bottom.
After rallying 3.7% last week, silver investors want to know if the metal will keep posting gains this year.
The news today will focus on the busiest week of earnings this quarter and the next FOMC meeting starting on Tuesday.
Alphabet Inc. (Nasdaq: GOOGL) will cap off today’s second-quarter earnings report. Google’s parent company will release its quarterly report after the bell.