Sheraz Mian's picture

Headlines about the sharp sell-off in Chinese stocks and the ongoing Greek impasse provide the backdrop for today’s action, with the major indexes on track to continue the positive Fed-inspired momentum.

John Mauldin's picture

For the last four years, I have been highlighting the idea that when Beijing floats the renminbi, the currency may go down, not up, which is the exact opposite of what those who accuse China of currency manipulation believe would happen.

Andrew Zatlin's picture

The Vice Index has been revised and is now chained to January 2009. The data itself goes back to 1993. Vice spending is where the desire to spend meets the ability to spend. As the heart of consumer spending...

Sheraz Mian's picture

It’s all about The Fed today, with the two-day FOMC meeting concluding later this afternoon. While a majority of market participants see September as the date for the first interest rate increase, today’s meeting is expected to...

Keith Weiner's picture

The stories are all over the Internet. Governments are forcing us into a cashless society. Supposedly the pretext is terrorism, and the real reason is to take more control. No doubt more power appeals to politicians, and banning cash...

George Friedman PhD's picture

When I began this series a month ago, I pointed out that the most significant feature of the global system currently is the ongoing destabilization of the Eurasian land mass, from the Atlantic to the Pacific, from the Arctic to the Ara

John Mauldin's picture

It wasn’t that many centuries ago that China was the absolute economic center of the world. That center gravitated to Europe and then towards North America and has now begun moving back to China.

Christopher Quigley's picture

European markets were on a roller coaster ride last week as rumor and counter rumor about a Greek deal with the European Central Bank circulated and affected sentiment. When news hit Friday that the IMF team had...

Robert Rapier's picture

There is a popular narrative going around that I want to address in today’s article. Last November, after several months of plummeting crude oil prices, the Organization of the Petroleum Exporting Countries (OPEC) met to discuss the oil

Kurt Kallaus's picture

It’s easy to be a pessimist after 6 years of an economic recovery where the majority are still trying to recover from the 2008 recession. Net job creation and wage growth since 2008 have been historically weak.