Bob Eisenbeis's picture

By Bob Eisenbeis – At its June meeting, the FOMC again raised the target range for the federal funds rate by 25 basis points, to 1–1¼ percent. They did so despite evidence that inflation had moderated and that the second estimate of first quarter GDP growth

FS Staff's picture

By FS Staff – Imagine that you were given two choices for the next president. The first choice is a person from a different political party with a set of policies or beliefs that you strongly disagree with. The second choice is an AI designed by a party with the sole...

FS Staff's picture

By FS Staff – Jeroen Blokland notes that global liquidity is close to a tipping point with a chart from Morgan Stanley forecasting central bank assets as a percent of GDP peaking in the second half of 2018. This also lines up with Barry Bannister’s thesis of a market peak...

Charles Hugh Smith's picture

By Charles Hugh Smith – We want this time to be different so badly, we can almost taste it. If you visit San Francisco, you will find it difficult to walk more than a few blocks in central S.F. without encountering a major construction project.

The Conversation's picture

By The Conversation – The satellite Micius, launched from Jiuquan, China, in August last year, is unlike any other in the sky. While other satellites communicate with Earth using physics worked out by James Clerk Maxwell 150 years ago, Micius...

FS Staff's picture

By FS Staff – We often hear about new longevity breakthroughs on the horizon, but what if the fountain of youth was already discovered long ago by a small handful of communities around the world? This time on Financial Sense Newshour, we spoke with Dan Buettner...

Monty Guild's picture

By Monty Guild & Tony Danaher – Radical transformation is coming in many fields of human culture and endeavor. No, this is not just boilerplate praise of ongoing incremental technological innovation. The only way to grasp the magnitude and significance of these incipient

Michael Shedlock's picture

By Michael Shedlock – The state of Illinois has not passed a budget for close to three years. Arguably it’s just as well because Illinois budgets for decades have been nothing but a moth-eaten collection of lies, one time deficits repeated endlessly...

Robert Rapier's picture

By Robert Rapier – Gasoline is where most consumers are reaping the benefits. The national average price for unleaded gasoline on Memorial Day was about $1.30/gal cheaper than it was just three years ago. U.S. consumers use about 140 billion gallons of gasoline a year...

FS Staff's picture

By FS Staff – US stock market valuations are high and, depending on the specific measure you look at, one can either argue that we are modestly overvalued or in a straight up bubble in just about everything. Those arguing stocks are...

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