Open-end bond mutual funds may represent the very worst way for investors to own fixed income. Why is that?
In the 1999 sci-fi film, “The Matrix,” the mentor Morpheus turns to the protagonist Neo and says, “Do you think that’s air you’re breathing now?”
The quote has become somewhat of a modern classic movie line, as the words serve to enlighten Neo that all is not what it seems in the world he perceives.
There is a long-held belief that significant increases in oil prices are harbingers of building inflationary pressures.
It follows from the observation that a market able to absorb more expensive oil is also one where prices are rising elsewhere.
And for those who remember their “Intro to Economics,” there is an additional element.
US crude oil inventories fell sharply for a third week in a row, dipping materially below the levels from the same time last year. As a result WTI crude price remains firmly above $106.Source: EIAThis drop in supplies is surprising because US crude pro…
Found outside a supermarket in Pattaya, Thailand.
Periodically, each Federal Reserve Bank gathers anecdotal information on current economic conditions in its geographic district.
Banks take into consideration the outlook of regional Fed bank directors, interviews with key business contacts, economists, market experts, and other sources.
Call it Ben Bernanke’s Alan Greenspan moment.
As his predecessor as Federal Reserve chairman had often done, Bernanke sent decidedly mixed or unclear signals today (Wednesday) in testimony before Congress.
Student debt in the United States has already surpassed the country’s auto loans and consumer credit card debt. A student loan bubble looms on America’s horizon, and promises dark times should it ever burst.
And earlier this month, the student loan problem worsened.
I have written a series of articles recently that focus on appraisal fraud.
I did so because appraisal fraud allows such “clean” tests of what (and who) drove the financial crisis and how many different private and public sector actors could have easily prevented the crisis had they acted against the fraud epidemics.
It was a challenging first half of the year for most commodities, with only two resources we track on our Periodic Table of Commodities Returns rising in value.
Natural gas and oil rose 6.5 percent and 5 percent, respectively, while silver lost a third of its value and gold lost a quarter of its price from the beginning of the year.