The case for the ECB to print later this year is growing by the day with opposition such as Bundesbank chief Jens Weidmann falling by the wayside. While the ECB ramping up the printing presses would be bullish for risk assets, we have to remember that we saw widespread market weakness before the ECB stepped in previously...
In his recent interview, internationally recognized financial expert Satyajit Das said that China won't suffer a hard landing, but instead go through a long and slow zombification, much like Japan and other fast growing economies of the past. He also says that globalization has peaked, with global growth lowest since the fall of the Berlin Wall.
Two of the largest mining operations in the world happen to lie right next to each other, just south of Salt Lake City, Utah. The resources mined in each location are so deep and scattered on so vast a scale that their extraction requires the use of extremely large and powerful machinery.
The international monetary system has collapsed three times in the past 100 years: in 1914, in 1939, and in 1971. Each collapse was followed by a period of turmoil: wars, civil unrest, or significant damage to the stability of the global economy. The next financial collapse will resemble nothing we've seen in history.
For a short while it seemed that nuclear power was going to see a revival. Then Fukushima happened and public sentiment once again turned sour, with many government leaders around the world shutting down their plants. However, as fears caused by the Fukushima incident begin to fade, Marin Katusa says that the bullish factors for nuclear energy are starting to resurface again.
As evidence continues to emerge that U.S. labor markets are gradually healing and wage growth is starting to stabilize, market participants as beginning to consider the possibility that inflation in the US has stabilized, albeit at low levels. Other signals seem to pint in the same direction.
Jim Puplava’s Big Picture: The Looming Death of Money – What to do Now
Jim welcomes special guest Jim Rickards, acclaimed author of Currency Wars, to discuss his NY Times bestseller, The Death of Money: The Coming Collapse of the International Monetary System. In part one of a two-part interview, they discuss a number of aspects of the book, including that the international monetary system has collapsed three times in the past hundred years, in 1914, 1939, and 1971.
In late September 2011, the European Commission proposed a tax or fee on financial transactions. This appears to be part of the newly announced European Union plan, with Britain the sole dissenter.
The recovery over the past two months appears to support the general view that severe winter weather was responsible for the contraction, and that we shouldn't read the slippage as the beginnings of a business cycle decline. At this point it looks like the Winter slump has been reversed.
Earnings season is upon us. Expect a lot of jumping around this quarter as companies miss or exceed estimates. Although earnings are important, they are also fickle and easily manipulated, which is why it’s always good to remind ourselves, as shareholders, of some of the long-term time-tested ways in which companies deliver value not merely over one quarter to the next, but over years and years to come.