There are two ways a nation can use economic growth to reduce budget deficits. The first method is to participate in economic growth, with a growing economy increasing tax collections. A second method is to raise taxes so drastically that they consume all economic growth.
There seems to be a stepped effort by ECB officials to talk the euro down. The process began with Draghi last week indicating that the euro has become a more salient factor as it poses a deflationary risk and threatens the fragile economic recovery.
Over the last three or four years the supply of natural gas available to the U.S. market has jumped sharply higher with the advent of advanced drilling technology and multi-stage hydraulic fracturing.
Two brief observations on incipient shifts in powerful narratives... First, China. The pleasant charade that recent currency intervention was nothing more than an effort to reverse the “one-way bet” of speculators and to “increase volatility” as part of China’s accession to some brotherhood of liberal nations is starting to crumble.
President Obama set the chattering classes abuzz after his recent unilateral announcement to raise the minimum wage for newly hired Federal contract workers. During his State of the Union address in January...
The Guardian recently reported that “The crisis in Crimea could lead the world into a second cold war.” Not so, says JKC de Courcy of Courcy’s Intelligence Service, a leading intel service operating since 1934.
Are you addicted to doom? Do you find yourself compulsively browsing websites touting headlines like “Get Out Now!” or “A Crash Is Coming,” or “Pull Your Certificates out of the Market”? Do 5% corrections in the market prompt you to sell all your stocks and move to 100% cash?
The market has made new highs and yet there are fewer and fewer stocks pushing the market higher as selectivity becomes an issue. You can see this with the S&P 1500 hitting new highs while the percentage of stocks within the S&P 1500 hitting new 1-year highs has been diminishing.
Jeffrey Saut, Chief Investment Strategist for Raymond James, explains how those citing Fed liquidity as the only driver of U.S. stocks are failing to recognize a much larger and unstoppable trend: an “American industrial renaissance.”