"No warning can save people determined to grow suddently rich" - Lord Overstone
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Gold •15 mins | 1,253.00 | +1.20 | +0.10% |
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Platinum •15 mins | 791.80 | -4.10 | -0.52% |
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Bitcoin •1 min | 3,536.54 | +4.31 | +0.12% |
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WTI Crude •11 mins | 46.27 | -3.93 | -7.83% |
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Gasoline •10 mins | 1.337 | -0.076 | -5.40% |
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Silver •15 mins | 14.70 | -0.06 | -0.43% |
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Silver • 15 mins | 14.70 | -0.06 | -0.43% | |
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Copper • 15 mins | 2.659 | -0.096 | -3.47% | |
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Ethereum • 1 min | 94.25 | -1.82 | -1.89% | |
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Brent Crude • 10 mins | 56.02 | -3.59 | -6.02% | |
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Natural Gas • 10 mins | 3.809 | +0.281 | +7.96% |
The Corporate Buyback Bubble Is Bursting
Corporate stock buybacks have surged…
The “Everything Bubble” Has Popped
It appears increasingly clear that…
The Midwest’s Top Talent Is Looking For Greener Pastures
Despite growing Midwestern economies, skilled…
Markets
Pondering an Enlightening Day in Pleasantville
The dollar continues to benefit from acute global financial instability, with the dollar index adding about 1% today. Despite today's sharp stock market rally, it was a very difficult week…
Global System Instability
The following paragraphs from Hyman Minsky's "Inflation, Recession and Economic Policy" (1982) seem especially pertinent this week. "All in all, the euphoric period has a short lifespan. Local and sectoral…
A Gain of 364,000 vs. a Loss of 190,000
The unfolding technology debacle took another turn for the worst this week, with the bellwether mega-cap names coming under intense selling pressure. At this point, we will assume that there…
The Sagacious Dr. Ron Paul
This week, The Office of Federal Housing Enterprise Oversight (OFHEO) released its Fourth Quarter 2000 House Price Index. The data confirms continued strong housing inflation throughout the country. Nationwide, prices…
All Dressed Up...
The credit market was also unsettled. With global financial crisis unfolding and expectations of more action by the Fed, short-dated Treasury securities performed well this week. Two-year Treasury yields dropped…
Four Months of Respite
From the question and answer session Alan Greenspan's February 13th testimony, Federal Reserve Board's semiannual monetary policy report to the Congress: Delaware Senator Thomas Carper: My only other question is…
The Great Distortion
Every single fluctuation in general business conditions the upswing to the peak of the wave and the decline into the trough which follows is prompted by the attempt of the…
We Know His Enemy
The rapid rise in the stock of money during World War I, when the Federal Reserve System served as an engine for the inflationary financing of government expenditures, continued for…
The Credit Bubble Bulletin
The question relates to the near universal belief that the tried, trusted and true hypothesis that interest rate cuts, timely and sufficient will: turn a flagging economy upward, renew consumer…
This is a Recovery?
Economists continue to forecast a "turn" is underway. They all point to the deceleration of the declines in economic indicators. I have to disagree. While, economic indicators are declining slower,…
