The recent Portuguese election on October 4th was “inconclusive”. The center-right scored the most votes but could not muster a coalition majority. A coalition of leftist parties could form a government, but the president of Portugal (a largely symbolic position
November 8, 2015
Thursday’s Commitment of Traders (CoT) report reveals managed money went net long 67,207 paper-gold contracts with the price of gold (PoG) at $1,118. That’s a net-long reduction of 46,885. Add 570 for small specs and the run rate is very close to what
I’ve just returned from three weeks in “red” America. It was ostensibly a book tour but I wanted to talk with conservative Republicans and Tea Partiers. I intended to put into practice what I tell my students – that the best
The biggest threat to capitalism is capitalists. After all, capitalists are monopolists. And monopolists are antithetical to broader prosperity because they give the monopolist an unfair pricing power over their consumers which often leads to social unrest. We need look
In a shocking admission for most of mainstream America, the former U.S. comptroller general says the real U.S. debt is closer to about $65 trillion than the oft-cited figure of $18 trillion, thanks to unfunded liabilities which simply cannot be ignored.
The game of investing would be rather simple if everything moved in a straight line and economic data points could be could be connected with a level ruler. Unfortunately, the real world doesn’t operate that way – data points are
San Francisco-based Visa Inc. (V – Analyst Report) is undoubtedly a pioneer in the global card transaction processing industry. The company has benefited from a secular shift in cash to plastic payment. Now, Visa provides processing services to over 30 million merchants around the
The strong October employment report makes it look likely that the era of zero interest rates will soon come to an end, at least for the United States. This raises an interesting question for economic researchers of how we bridge statistical models
Robot Theory The battle of robot theory is on. Bank of America paints one picture and McKinsey another. Let’s investigate both theories. Automation Will Change Jobs More Than Kill Them As reported by the New York Times, McKinsey says Automation Will
Jobs data brought with a roller coaster sell off and recovery, but by the close of business markets finished above their open price. The Russell 2000 had the best of action, continuing with its relative improvement to other indices. The
