Clif Droke's picture

The evidence strongly suggests that the past two years served the purpose of clearing out the excesses generated by the long-term bull market which began in 2009. In other words, the market is rested and ready to resume its potential as we head further into 2017...

Michael Pettis's picture

Whether the US current account deficit is harmful or not to the US economy depends on the assumptions we make about capital scarcity. In a world awash with excess capital and insufficient demand, the US current account...

Charles Bolin's picture

Trade and employment are more complicated than the U.S. just being inundated by cheap products that rely on cheap labor to displace American jobs. Low savings rates in the U.S. and the high savings rates in some countries impact the exchange rates making...

James J Puplava CFP's picture

While the short-term trend in stock prices appears to be higher and investors remain sanguine about the US stock market’s prospects, longer term trends look less promising and indeed worrisome. GMO’s seven-year returns for stocks here and abroad remain negative outside...

Gary Dorsch's picture

US-president Donald Trump just assumed office on January 20th, but already, his “America First” agenda is sending a big chill through Silicon Valley and India’s biggest tech stocks. The US tech industry has long lobbied

Adrian Ash's picture

GOLD PRICES bounced but then fell back to 2-week lows against the Dollar lunchtime Friday in London as the US currency shrugged off weaker-than-expected GDP growth data from the world's No.1 economy. US gross domestic product grew 1.9% annualized...

Michael Shedlock's picture

Professor Ted Malloch, Trump’s expected ambassador to the EU says “The one thing I would so in 2017 is short the euro.” I am not certain there will be a European Union in which to have negotiations… The one thing I would...

Charles Hugh Smith's picture

It's your choice, America—you can keep your cartels and the captured government that enables and protects them, or you can fix what's broken and unaffordable. If there is any goal that might attract support from across the political...

Kurt Kallaus's picture

While timing is never precise, the extreme 7-year net short positions by Large Spec Funds (inverse of Commercials) investing for lower bond prices indicate an oversold condition supporting prices (lower yields) over the next couple of months...

Reva Goujon's picture

I'm standing in line waiting to place a coffee order. A group of young customers are ahead of me, necks crooked 45 degrees, eyes glued to their phones, index fingers flying through Twitter feeds filled with post-inauguration memes.

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