The International Energy Agency (IEA) report, released last week, features Brazil as both a world leader in renewable energy and soon to be a major exporter of oil. The Inter-American Development Bank’s June report claims that Latin America...
The front door is covered with official pronouncements of "the China Dream" and blustery demands of hegemony, but the back door is choked with members of the financial/political Elite fleeing China and taking their wealth with them.
I have cautioned many times this year about not trying to win the last battle. The past five years are not necessarily the prologue for the future. After the inflationary battles of the 70’s many investors got trapped in their thinking and missed out on the great markets of the 80’s and 90’s.
Something happened between 2006 and 2009. What was it? Housing collapse? Demographics? Boomer retirement? Medicare seen as "I got mine. I waited. You can wait too?" The next presidential election will determine what major changes in healthcare are coming.
Unemployment has remained stubbornly high during the recovery that has followed the Great Recession. This high unemployment, as we noted above, is a fundamental concern of the incoming chief of the Federal Reserve, to the point where...
Regarding recent comments by Larry Summers on stimulating people to spend their money by charging them to hold money at the bank—that is, by charging negative interest rates—he said, in the next economic downturn, expect the Federal government to simply outlaw cash altogether.
In my bi-weekly missives I usually discuss a topic germane to financial markets. This time around I’m going to throw you a curve ball and discuss the US housing market. We know the mortgage markets and housing itself were very much the locus of excess in the prior cycle and in very good part responsible for the actual economic and financial market downturn.
Last month’s award of the Nobel Price in economics set off a great deal of chortling because one of the three recipients, Eugene Fama, received the award for saying that markets are efficient at capital allocation and another, Robert Schiller, received the award for saying they are not.