The Mundellian trilemma says policy makers can control only two of the three main variables in global finance, but not all three at the same time. “…it is not feasible to have at the same time a fixed exchange rate,
October 2, 2018
“The flaw with The Fed’s model of real earnings growth is that it is not organic growth, but a massive block of sugar.And a sugar crash invariably follows”. Anthony Sanders “If you look back in the 1930s, the money went
One of the most oft-repeated sayings in political circles is that “the government should be run like a business.” Traditionally, those throughout history who have argued for the reorientation of government and society along the lines of a single business or enterprise
Shanghai remains closed but the Hang Seng reopened after its public holidays to a negative mood. The trend remained the same for the day, as bid after bid was hit to close down 2.38% on the day. The news that US
(Audio length 00:11:15) I always read a lot of differing opinion on the PMs to try to keep a balanced outlook. Some of the recent comments have been the following… Another short term fall to a double bottom. That’s the
Data Courtesy of Trade Alert
China remains closed for Golden Week but offshore yuan was extremely active overnight, flash-crashing below key support and back… And the China ETF was slammed down over 2% today… Another odd day in Italian stocks – yesterday they
The bulls are right on the cusp of new all-time highs on SPX But the breadth divergence is the worst I’ve seen in a very, very long time. As I have mentioned on a near daily basis, something is certainly
Here is a summary of the four market valuation indicators we update on a monthly basis. The Crestmont Research P/E Ratio (more) The cyclical P/E ratio using the trailing 10-year earnings as the divisor (more) The Q Ratio, which is
Federal Reserve bank of the United States “The Fed could be hiking us into a recession, investor Peter Boockvar warns.” This headline appeared Saturday (9/29) on CNBC’s website. Are You Scared Yet? You probably shouldn’t be. First of all, if you look at
