Financial Sense

S&P Sales Growth Is Fine, but EPS Margins May Have Flattened
Urban Carmel's picture

U.S. corporates have started reporting their financial results for the 4th quarter of 2014. So far, it looks horrible. Bearing in mind that just 18% of the S&P has reported, this is how the quarter is tracking: EPS growth...

Random Thoughts on a Cruise to Nowhere
Jeffrey D Saut's picture

In the past missives I have written about the real reason the Saudis have “leaned” on the price of crude oil. It began last summer when Saudi Prince Bandar bin Sultan, Director General of the Saudi Intelligence Agency, went to...

The Importance of Owning Stocks
Matthew Kerkhoff's picture

It's often touted that gold is a great, perhaps the best hedge against inflation. I'm not sure why this belief is so widespread among precious metal enthusiasts, but a quick look at the chart below, courtesy of Jeremy Siegel...

Syriza’s Victory Is Not the End but the Beginning
Marc Chandler's picture

As the demonizing of Syriza gives way to post-electoral analysis, its victory is being seen as anti-austerity not anti-EMU. Politics makes for strange bedfellows, and a small conservative party of Independent Greeks have...

The Fed - Lucky or Smart?
Paul Kasriel's picture

Given the rapid growth in total thin-air credit, i.e., the credit created by the Fed and depository institutions, during most of 2014, the Fed was correct in phasing down the amount of securities it was purchasing if...

Martin Armstrong: Foreign Capital Flows Could Drive US Markets Significantly Higher
FS Staff's picture

Financial Sense Newshour had the recent privilege to speak with Martin Armstrong, the esteemed global strategist and creator of the widely-cited Economic Confidence Model, to explain how foreign capital flows are driving...

ECB Sets Up Biggest Contrarian Play of 2015
Chris Puplava's picture

The call I made last year that the ECB would engage in a full-scale stimulus program proved early and it's now clear much of the delay had to do with pacifying German opposition through a number of closed-door meetings. However, it is this delayed timing that now sets us up...

Central Banks and Economic Reports Keep Bull Market Alive
Sy Harding's picture

At the age of 72 months, the U.S. bull market may be long in the tooth. Stocks may be significantly over-priced based on the CAPE-10 P/E ratio, and Warren Buffett’s favorite measurement, the ratio of market capitalization...

Housing Affordability: How Does the U.S. Compare to Canada, China, Australia, Japan, Ireland, UK
Michael Shedlock's picture

Congratulations to Hugh Pavletich and Wendell Cox (co-authors) of the 11th Annual Demographia International Housing Affordability Survey 2015, for another excellent job. The survey shows...

Q4 Earnings Shaping Up Weakly
Sheraz Mian's picture

Stocks will likely continue to cheer the big monetary stimulus from the European Central Bank (ECB) even as the picture emerging from Q4 earnings season is less than reassuring. Oil has been a big drag on earnings.