In a recent interview with Financial Sense Newshour, the notable Fed-critic and contrary investor James Grant says India is likely to be the world's next great growth story. He also sees value in gold, gold mining shares, and Russia's Gazprom.
I recalled this quip by Jeff Daniels from HBO’s hit series The Newsroom while taking last week off to think about recent events because I feel like I am living in Bizarro World. First named "Bizarro World" in DC Comic books, the term has come to mean a situation or setting that is weirdly inverted or opposite of expectations.
After a nearly uninterrupted two week rally in the stock market, we have our first Bloomberg TrendStall sell signal on the broad indices since the early April peak. These signals have been fairly reliable over the last year and suggest a period of caution.
Since 1976 increases in the price of energy have had the highest correlation to 10%+ corrections than valuations, interest rates, or Fed tightening (see image below). The development of a fresh rise in energy prices will need to be watched by even the most bullish of economic forecasters.
Dr. Hamid Benbrahim, a data scientist and expert in finance, machine learning, and robotics, explains how the financial system is a complex adaptive system and that scientists are “making good progress” in applying the newest and most successful tool in finance—artificial intelligence.
Luzi Stamm, a member of Swiss Parliament, and a growing number of Swiss citizens are attempting to force the Swiss central bank to halt all sales of current gold reserves, repatriate all gold back home, and to back any further money printing with 20% of gold purchases.
Although the prospect seems far-fetched, the second-oldest profession is on the cusp of a technological revolution. Farmers have faced a long transition over the past three centuries in which their ancient art has become more and more of a science.
A brief note today on what might be an arcane subject for some but is a great example of the most basic question in risk management — are you thinking about your risk questions in a way that fits the fundamental nature of your data?
The biggest sector weights of the major indices like consumer discretionary, technology, and financials were holding the markets back as they lagged more defensive sectors like utilities and consumer staples. However, these sectors are showing signs of life as their momentum is picking up steam and helping to push the markets higher.
What do you think of when you hear the expression, “the death of money”? Hyperinflation, financial collapse, runaway gold prices, or perhaps Jim Rickard’s new best-selling book? We recently had a very interesting discussion with Ross Hansen, head of the world’s largest private mint, about another type of monetary collapse taking place