Michael Shedlock's picture

In a recent GMO commentary on Immigration and Brexit, founder Jeremy Grantham laid out precise reasons why Brexit was a mathematical certainty eventually. Curiously, Grantham thinks Brexit was a bad idea. On the second sentence...

Adrian Ash's picture

Gold prices fell to 2-week lows against all major currencies bar the Japanese Yen in London trade Thursday as the Bank of England surprised the markets by holding UK interest rates and its QE bond-buying scheme unchanged in...

Tom McClellan's picture

If you want to have a recipe for a sustainable bull market, the best ingredient to start with is “gobs of breadth”. Strong A-D data is a sign of plentiful liquidity. The stock market can encounter other types of problems, but if liquidity is strong...

Clif Droke's picture

Among the biggest relative strength leaders in the US broad market right now are the home builders and REITs. The US real estate sector is heating up and is also beginning to attract “hot money” inflows from foreign investors looking...

Charles Hugh Smith's picture

The possibility that Japan might launch helicopter money stimulus sent global stock markets soaring in a paroxysm of pleasurable anticipation. But exactly what is helicopter money and what connection does it have to stock valuations, if any?

Michael Shedlock's picture

It’s been a while since discussing robots. Here are three new robot stories. Fusion reports Robots Cheaper than a Security Guard. Starship Technology, founded by Skype co-founders introduces local delivery Robots. LiveLeak reports US...

Matthew Kerkhoff's picture

Not too warm, not too cold, can describe many aspects of the U.S. economy. Take last week’s jobs report as an example. According to estimates, 287,000 jobs were created, but this did little more than balance out the previous...

Andrew Zatlin's picture

Vice spending is telling us that good times are still here, but it’s also signaling that we’re peaking. There is very little growth left and it’s likely that things will get a bit wobbly at year-end. This means a lot of Central Bank intervention...

Ben Hunt PhD's picture

In 2008, the $10 trillion asset class of residential mortgage-backed securities (RMBS) was entirely based on the Common Knowledge that it was impossible to have a nationwide decline in U.S. home prices. When that Narrative failed, the entire inverted pyramid came crashing...

Kurt Kallaus's picture

While crude oil price movements have been a sensitive leading indicator to economic conditions and financial markets since late 2014, the British Pound collapse has now become a leading indicator for many commodities since the June 23rd UK referendum...

Quantcast