Real estate is well back in bubble territory in some places, notably California. It won't end any differently this time for the buyers, but at least banks will not be on the hook for all of the loans.
By adjusting the policy rate (the federal funds rate), the Fed alters financial conditions, which then influences the behavior of businesses and households. These changes impact a variety of decisions, including how much to consume, produce, and invest.
Noted market technician Tom McClellan says we’re seeing a “big warning sign” develop between the VIX and the S&P 500, with the strong possibility of a market selloff this month. He also talks about his projections for a bull market peak and a bottom for gold.
The U.S. economy is building momentum in both the service and manufacturing sector, which is clearly visible no matter where you look, and June’s employment report is a perfect example.
It stands to reason that when the Fed eventually lifts interest rates, we’ll see the usual effects. After a sustained rise in rates, you can safely bet on...
If you think stocks are in a bubble and the Fed should start raising rates, well, the last two speeches from Fed Chair Yellen certainly convey a different message. Speaking at the IMF on Wednesday, Yellen argues that monetary policy "faces significant limitations" in promoting financial stability.
The economic impact of the El Niño is widespread. It is benign for most of US agriculture and lowers winter heating demand for most of Canada and large portions of the Western and Northern US. However, the impacts on other portions of the North American economy are not as favorable.
In case you haven’t heard already, another report has been released showing that central banks around the world are becoming new long-term buyers in the stock market.
In this timeless and re-released article Jim outlines three major powershifts of the 21st century stemming from the ongoing struggle of resource scarcity. Both historical and forward looking, "Oil, Money, and War" analyzes the dynamic relationship between these three forces and...