As costs of college soars (with thanks to absurd union salaries and benefits, as well as absurd administrator salaries and benefits), those attending college have increasing trouble paying back loans.
Stocks have recovered most of the post-election losses on hopes of a ‘Fiscal Cliff’ resolution. But the positive market momentum may not solely be centered on the ‘Cliff’ question; growing hopes of further support from the Bernanke team also may be at play here.
The rally over the last week has modestly improved the S&P 500’s long term trend from neutral-bearish to neutral-bullish as nearly 60% of stocks within the S&P 500 are still above their long term moving averages. However, given the recent correction, the intermediate outlook has deteriorated significantly with only 36% of stocks within the S&P 500 in bullish intermediate uptrends.
Because of Japan’s massive public debt burden, pundits have called for the demise of the Japanese yen for years. Are the yen’s fortunes finally changing? Our analysis shows that the days of the yen being perceived as a safe haven may soon be over.
An excerpt from a 15 November 2012 communication to Jim Puplava's asset management clients discusses the possibility of a market downturn (overall, Jim is bullish in the near term), and the likelihood of a compromise relative to the Fiscal Cliff.
Conspiracy theories regarding price manipulation have polarized some of the finest minds in finance for many years, and many commentators for whom I have the utmost respect feel they are all utter nonsense. Personally, I believe there is no smoke without fire, and I always apply the two criteria of motive and means to any suspected conspiracy.
Is reserve currency status an economic blessing or a curse? The answer might seem obvious, as reserve currencies have been shown to confer lower borrowing costs on their issuers. But what of the borrower who, enticed by low interest rates, borrows more than they can pay back?
Those with vested interests in the Status Quo tout data that supports the claim the "recovery" is now "self-sustaining," meaning that the economy is now expanding fast enough to fuel new growth.
Progress on the alleged fiscal cliff has been non-existent. Obama wants tax hikes on the wealthy, Republicans want to close loopholes.
In emerging markets, supportive government policies, rising wealth and access to innovative technology may be an influential source for future Black Friday purchases in the U.S.