A hallmark of socialism and interventionism is failure. Venezuela is compelling proof of this, having spent the past half century going down the tubes. Indeed, in the 1950’s, it was one of Latin America’s most well off countries.
One of our greatest fears is being forced, for economic reasons, to consume dry, boneless, skinless, tasteless chicken breasts. Beef is the proper food for people, not the meat of something that when free range raised pecks in the dirt.
Everyone is fully aware that the current equity market cycle has been characterized by lack of expanding volume. Is this why the current environment has been described as the rally no one believes? Or the most hated rally in recent memory?
Throughout the decline I maintained we were merely dealing with a cooling off period in a strong bull market, and the data highlighted below continues to support the notion as the market’s long-term trend and momentum remain in bullish territory.
Last August, I wrote an article about an intermediate bottom in gold, but that a more meaningful long-term bottom would still take time and price. I explained how important it was to allow long-term moving averages to stop falling, which would take...
It’s nine years and counting since the Keystone pipeline was first proposed and TransCanada is still waiting for Presidential approval to build the line. An environmental assessment report from the US State Department that landed last week would seem to move TransCanada’s hopes forward, but the pipeline’s ultimate fate is still very much in limbo.
The latest issue of the NFIB Small Business Economic Trends is out today. The February update for January came in at 94.1, up 0.2 points from the previous month's 93.9 and the third month of improvement.
Overnight markets were essentially a sea of green and the recent stock market rally continued here as well, with the testimony by Fed governor Janet Yellen merely reiterating the status quo, i.e., the Fed will continue to taper if the data support it...
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