For the past 8 years, Global Central Banks (agents for governments) have been fighting deflation using extraordinary policy tools, such as near zero interest rates, buying mortgages, buying corporate bonds, negative interest rates, and in some cases, buying equity in… More >>
Finally, economists have surrendered. Or at least, tacitly admitted their ability to forecast recessions or significant changes in the business cycle or the economy is limited, if not completely faulty.
Instead, many economists are now using a different approach to… More >>
I spent the last week in Havana Cuba seeing firsthand what a communist/fascist country looks like, not just economically, but emotionally for its citizens. Needless to say, the infrastructure is abysmal, but more importantly, the citizenry is fearful and certainly lacks… More >>
That's all one can say about the wild ride Wall Street provided investors during Q1. The S&P 500 was down a whopping 11.11% before rallying back 14.6%, all in the same quarter!
I believe that these are both record events to start any year off; the drop and… More >>