Today's big news... We had an intermediate-term neutral signal generated on our Thrust/Trend Model for the SPX. The 20-EMA crossed below the 50-EMA today which was the trigger. It was not a sell signal because the 50-EMA remains above the 200-EMA which means we are technically in a long-term bull market still. You don't want to go on a sell signal in the midst of a bull market.
Some of the U.S.'s most prestigious, established universities are making aggressive inroads into the field of online education. The recent announcements were preceded about a decade ago when University of California Berkeley, Yale, and MIT began to offer free internet access to videos of their courses to the public.
We could solve the financial problem Social Security and Medicare represent simply by reducing life expectancy, but there is a remarkable lack of public enthusiasm for the idea. No politician has suggested a new program with special tickets to shorter lives.
The People’s bank of China (PBoC), China’s central bank is now the 800lb panda in terms of balance sheets. They have become the main provider of global liquidity with its total assets topping 28 trillion yuan (about $4.5 trillion dollars). By comparison; the Federal Reserve’s balance sheet is a paltry $3.5 trillion dollars.
A nation like China is losing billions in purchasing power by collecting and holding dollars. It's more than the leaders of China are willing to suffer through.
Gold fell $22.70 to close at $1,558.60/oz in New York yesterday. Gold edged up in early Asian trading to $1,560/oz prior to renewed selling saw the price fall and gold briefly pierced below support at $1,550/oz prior to a slight bounce higher in early European trading.
Most informed people are familiar with the concept of Peak Oil, but fewer are aware that we’re also entering the era of Peak Government. The central misconception of Peak Oil -- that it’s not about “running out of oil,” it’s about...
California, like Greece is perpetually in fiscal trouble. Overoptimistic revenue forecasts coupled with spending $2 billion more than expected has California in a deep hole. Governor Jerry Brown has the same non-solution as ever, hike taxes.
Many of the author’s predictions from 2006 have taken place or are in the process of taking place. If you want to have a better view of how the future is likely to unfold with respect to energy, I think this book does an excellent job of laying that out.
When Germany agreed to a fixed monetary union and a European Central Bank, it was with the clear understanding that it would be run along the lines of the German central bank, the Bundesbank.
