Financial Sense Blog

No China Pain, No Trade Gain

May 30 – When US steel tariffs kicked in a year ago, the yuan depreciated sharply, which reduced the effectiveness of tariffs with cheaper Chinese export prices. The yuan had been rallying in 2019 as a trade agreement seemed imminent, but their currency plunged...

Shilling: A U.S. Recession May Have Started This Quarter

May 23 – A U.S. recession probably started in the current quarter. First quarter real GDP growth, 3.2% at annual rates, was temporarily inflated by a jump in inventories, which contributed 0.65 percentage point to growth. This was no doubt unintended

Rob Arnott: U.S. Most Expensive Stock Market in the World

May 22 – Despite the simmering threat of trade wars and rumors of real wars brewing, U.S. stock market valuations remain high. Financial Sense Insider spoke with Rob Arnott, founder and chairman of Research Affiliates, about his take on sky-high valuations...

Oil May Surprise to the Upside with Shale Production Delays, Says Joe Dancy

May 20 –For the past two years the energy sector has been underperforming and recent news of potential supply pressures only adds fuel to the fire. Where’s oil headed? Financial Sense Newshour spoke with Joe Dancy...

Consumer Confidence Jumps to the Highest in 15 Years

May 17 – The UoM May consumer confidence index jumped to 102.4 from 97.2 in April and that was well better than the expected print of no change. This is the highest since January 2004. All of the confidence gain was in the Expectations component which jumped 8.6 pts...

Trump Moves Closer to Defanging Iran

May 16 – Over 2,000 years ago Iran, known then as Persia, was the world’s first super power. Since becoming an anti-western theocratic Islamic Republic in 1979, Iran has been in the crosshairs of conservative...

Examining the Impact of Tariffs

May 14 – Markets are rebounding today after yesterday’s precipitous fall, in which the S&P 500 and Dow Jones Industrials both experienced their worst day in four months. But make no mistake – the short-term trend remains down...

Martin Armstrong Says Government Creating 'Giant Money-Laundering Machine'

May 14 – Europe is in the midst of a political nightmare and may be facing a hard landing, according to forecaster Martin Armstrong of ArmstrongEconomics.com. Martin just held a widely attended World Economic Conference in Rome with Brexit Party's Nigel...

Staying Active as You Age Could Be the Key to Longevity

May 14 – Many people believe planning for retirement means focusing solely on the numbers. Just as important though, is ensuring you’re healthy enough to enjoy those years...

Shilling: Stocks Are Very Expensive and Deflationary Forces Are Building

May 10 – Stocks are very expensive in relation to corporate earnings. Even if rapid economic and profits growth resumes after the next recession, a secular decline in price-to-earnings ratios is likely to mute stock performance. Prof. Robert Shiller’s cyclically-adjusted...