Financial Sense

The Old Wall Street Trader Is Dead, Algo’s Now Rule the Day
Oil Price's picture

The classic Wall Street trader is dead. For decades or even centuries, the professional investment markets were characterized by smart individuals buying and selling stocks, bonds, currencies, and commodities based on intuition...

Conference Board Leading Economic Index Declined in August, Disappoints Expectations
Jill Mislinski's picture

The Latest Conference Board Leading Economic Index (LEI) for August decreased 0.2 percent to 124.1 from July's 124.3 and a downward revision was made to June's number. The latest indicator value came in below the 0.1 month...

Why Much of Asia Is Thankful for the Upcoming iPhone Release
Andrew Zatlin's picture

There is a lot of pent-up demand for Apple’s (NYSE: AAPL) new iPhone 7 that just released. It’s the first new model in over two years (last year’s was just a tweaked version of the old one.) We can gauge the level of the pent-up demand by...

The Problem With Helicopter Money
Global Risk Insights's picture

Helicopter money requires central banks to make choices they cannot make while undermining their independence and inflation-targeting mandate. Attempts at explicit fiscal coordination may not be feasible and may create unresolvable...

Fed Admits It Has No Clue
Kurt Kallaus's picture

Hold the presses: the bond bear market has been averted! Yesterday’s non-decision on the Federal Funds Rate was a surprise only to the intractable 12% of myopic analysts who want the Fed to get out of the business of printing dollars regardless...

Chart: The Central Bankers’ Bubble – 2007 vs. Today
Danielle Park's picture

The financial distortions that central banks have orchestrated grow more grotesque by the day. Financial risk in the world has rarely, if ever, been higher. We are far past the last bubble peak in 2007 in terms of over-leverage,

Gold Price Heads for Another $75 Quarterly Gain as Fed Holds Rates, UN Warns of 'Crisis Part 3'
Adrian Ash's picture

Gold prices held near 2-week highs in London on Thursday, trading at $1335 per ounce as world stock markets rose sharply following the US Federal Reserve's "no change" decision on interest rates but a new United Nations report warned of...

Bond Market Knows What Fed Should Do
Tom McClellan's picture

We have an unblemished 21-year track record of predicting what the Fed should do, with 100% accuracy. What the FOMC actually does is often different from what it should do. As of the Sep. 21 FOMC meeting announcement...

2029 Financial Collapse: Lionel Shriver’s Dystopian Outlook on the US
FS Staff's picture

Those of us with a deep interest in economics and financial issues often try to peer into the future and speculate about what’s to come. Sometimes, this exercise is meant to produce tangible investment advice, but other times, we’re...

Household Net Worth: The “Real” Story
Doug Short's picture

Let's take a long-term view of household net worth from the latest Z.1 release. A quick glance at the complete data series shows a distinct bubble in net worth that peaked in Q4 2007 with a trough in Q1 2009, the same quarter the stock market bottomed.