In his recent interview with Financial Sense, trading expert Joe Saluzzi explains how HFT is fleecing investors by extracting "billions and billions of dollars" to feed a machine that adds no value to the financial system.
Kim Wallace of Renaissance Macro Research tells Financial Sense Newshour listeners that the Affordable Care Act has made the hot-button issue of entitlement reform even less politically viable.
The basic idea of capital controls is that the government thinks it can tell the difference between “good” and “bad” types of money moving in or out. As we’ll see below, arbitragers are clever and will do whatever it takes to make their transactions look like the “good” kind.
Set aside the gloom and doom and make hay while the sun shines, advises Jim Puplava in his recent Big Picture broadcast, “As Good As It Gets—And It’s Getting Better.”
Patrick Nipper of Renaissance Macro Research joined the Financial Sense Newshour as the weekend technician, and said that risk indicators and seasonal trends warrant caution; however, credit markets aren’t showing any danger signs and still support the market’s current levels.
Jim Bianco warns that China may be in a hard-landing phase right now as economic data continues to deteriorate and more funds flee the country. When asked what the implications are for other markets, he said that it will certainly cause a problem, but he’s not expecting an ’08 crash.
John Butler made an interesting comment in his recent interview. He said, when you look at the Fed’s balance sheet, one can argue that the Fed really isn’t pulling back on its stimulus to the markets at all. In fact, Butler explained, it may actually be loosening instead.
On Monday, the January release of the Philadelphia Fed’s State Leading Economic Index came out for all 50 states of the nation. The leading index is a six-month forecast for the state coincident indexes and the January data showed that all 50 states are expected to see their coincident indexes rise over the next six months.