S&P futures rose 0.1% on the last trading day of the month, trailing European and Asian markets boosted by China’s July Mfg. PMI, which despite declining from from 51.7 to 51.4, and missing expecations of 51.5, saw the construction index rise to its highest level since December 13, sending Chinese iron ore futures surging and … Continue reading »
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Tag Archive: Obamacare
A Biased 2017 Forecast, Part 1
A couple weeks ago I was lucky enough to see a live one hour interview with Michael Lewis at the Annenberg Center about his new book The Undoing Project. Everyone attending the lecture received a complimentary copy of the book. Being a huge fan of Lewis after reading Liar’s Poker, Boomerang, The Big Short, Flash Boys, and Moneyball, I was interested to hear about his new project.
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The relationship between CHF and gold
Many people think that Switzerland is related to gold due to its inflation-hedging safe-haven status. Historically this is true. With rising U.S. inflation in the 1970s gold appreciated to record-highs. So did the German Mark and even more the Swiss franc, that maintained low inflation levels.
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How Unsound Money Fuels Unsound Government Spending
Stefan Gleason shows the major slides that may predict a collapse of the dollar. The Trade Deficit after the abandonment of gold, the explosion of entitlements like social security, Medicare, Obamacare, subsidies and the explosion of the federal deficit to 1 trillion in 2022. The reason: Unsound money.
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The Bull Market in Stocks May Be Done
The great stock bull market is, perhaps, done. To most people, a bull market is good, and its end is bad. After all, a rising market signifies a healthy economy. Investors are making money. Share prices are connected to business productivity, aren’t they?
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2014 Results: SNB expects profit of CHF 38 billion
The Swiss National Bank reported a profit of CHF 38 billion for the year 2014. They obtained price gains in all asset classes, in bonds, stocks and gold. Interest payments and dividends achieved a yield of 1.7%.
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European Industrial Production Still Contracting, Switzerland Expanding Again
Swiss industrial production is rather insensitive to price changes and to the recent slowing of global demand thanks to the concentration on pharmaceuticals and luxury products. Based on Eurostat’s industrial production for July and August , we compared the values from 2010 to 2013 for these two summer months. This aggregated two-months comparison is …
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Before getting too excited about the IEA’s forecast of US oil production leadership…
Saxo Bank, recently called for quitting long Gold and "being scared" trades.
For them shale gas & oil is the game changer for the United States. It should make the US the leader for global growth in the next years. The International Energy Association (IEA) declared that the US would be energy-independent by 2030.
Today a nice article...
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