In a recent opinion piece published on Reuters, Professor Charles Postel twists himself into extreme pretzel logic attempting to explain that elastic, manipulated paper money favours the ‘have nots’ whereas inelastic, gold-backed money favours the ‘haves’.
Also, “The Changing of the Guard” and “Crowds, Manias and Panics”
In Jim’s first Big Picture topic, “Land of the Giants”, he discusses how the globalization of capitalism in recent years has unleashed a process of intense industrial concentration. Jim explains how the concentration is growing and roughly 1400 global corporations are now acting like independent fiefdoms, exerting tremendous influence on global economies.
Why is there a fundamental mismatch between stock market performance as reported in financial headlines – and the actual retirement behavior of the many millions of Americans who own those stocks in their portfolios?
Leading employment indicators have done an excellent job this year on keeping investors aligned properly with the market’s primary trend, which continues to be a bull market that began in March 2009. Currently, leading employment indicators are suggesting further payroll gains ahead and even suggest the possibility that the unemployment rate sees a 6% print sometime in 2014.
One of the most significant financial events is taking place before our very eyes, and yet not many are paying attention to it, says Louis Gave, CEO of the well-respected GaveKal Research.