Financial Sense
By Kurt Kallaus – Our expected October correction mirroring 2016 allowed for a matching 7.4% drop as in 2016 and, so far, October 2018 didn’t disappoint with an almost identical drop of 7.9%. While higher interest rates and concerns of contagion...
By Callum Thomas – At the risk of being labelled a reductionist or accused of oversimplifying, my view is this: With China, the key variable is property prices. In fact, if I only had one indicator to look at for China it would be the movement in property prices...
By Adrian Ash – Gold prices jumped to their highest dollar value since mid-July in London trade on Tuesday, hitting $1,236 per ounce as world stock markets fell after China's main index erased most of yesterday's stimulus-fueled rally.
By Independent Institute – Some states have consistently performed poorly, such as Connecticut, Illinois, and New Jersey. They have experienced ongoing structural deficits, a growing reliance on debt to fund spending, underfunded pensions and other...
Patrick O'Hare – According to FactSet, the five-year average for the forward 12-month P/E multiple for the S&P 500 is 16.3. Today, the forward 12-month P/E multiple is 15.9 versus 16.8 at the start of the fourth quarter. On the surface, the S&P 500 appears to be...
By Peter Boockvar – For those paying attention to gold, the net speculative position as of last Tuesday, according to Friday’s CFTC data, went net long for the first time since August 7th. After nine weeks of shorts that got to the most since 2001, the net...
By GPF – The journalist’s killing could call into question the U.S.-Saudi alliance. The United States needs Saudi Arabia for a variety of reasons, foremost of which is to prevent Iran from expanding its power any more than it already has. This will probably...
By Michael Shedlock – Mario Draghi warned, "Undermining E.U. budget rules carries high price for all." Then, Italian bond yields surged. Draghi did not mention Italy by name, but his threat Undermining EU Budget Rules Carries High Price For All was well understood by the bond markets.
By Mises Institute – The role of the entrepreneur is central to Austrian economics. Entrepreneurs are the coordinators of individual human action in the context of subjective knowledge and dispersed information. There are two critical individual roles for economic dynamism.
By FS Staff – Last week, we spoke with Woody Preucil, senior managing director at 13D Global Strategy and Research, to discuss the convergence of Blockchain, AI, and Quantum computing—otherwise known as the "BLAIQ-NET"—and how this will...
By FS Staff – Regardless of gender, Social Security is a complicated topic. For women who are or were married, there are some important things to consider when drawing benefits. We spoke with Yolanda York, a public affairs specialist with the Social Security Administration...
