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
America’s Ponzi Scheme – Social Security Is Broke Now
Crude oil prices have historically been an economic barometer that can indirectly indicate, and sometimes lead, upcoming direction in other financial asset prices. This can be seen in the periodic positive correlation between oil prices and the S&P 500 during the past decade.
A number of well-respected market commentators have recently pointed out that corporate profits appear to be reversing. This is an important development since corporate profits typically peak before bear markets and economic recessions.