“U.S. inflation rises by most since March,” flashed the headlines across the newswire last Thursday. Turns out, consumer prices in America are rising at an annual rate of 3.6%—sharply higher than the Federal Reserve’s “target rate.” Hold on a minute. Didn’t the Fed say last week that it will keep short-term interest rates near zero …
There is no doubt we live in unchartered times for the various markets. The Internet has changed the world. Instantaneous communication has resulted in the global economy moving faster than ever. The stock market can jump or fall 400 to 500 points in a single day. The bond market can wipe billions of dollars off …
The market panic is rising, as there is more speculation of another recession in Europe and perhaps in the U.S. Stocks plummeted over four percent on Thursday morning. The current market bias is negative and my concern is that failure to edge higher could drive the index back lower or stall the trading. Without leadership, …
You’ve got to love this guy, Hugo Chavez. The President of Venezuela had already nationalized the banks and the oil industry. Now he’s going after the gold. Chavez took to state television yesterday to tell his people that the gold industry is “run by the mafia,” so “We’re going to nationalize gold. We can’t keep …
There are two schools of thought existing today in respect to where prices for goods are headed. There is the group that believes the U.S. is following the same path as Japan in the 1990s and is headed to a decade of deflation. Then there’s the second group that believes that rapid inflation is more …
I know this might sound a bit off the wall, but it’s my opinion… The recent correction in the market has little to do with Standard & Poor’s downgrading of the U.S. credit rating. After all, if we look at it, after the downgrade, U.S. Treasury bills rallied—more investors flocked to them instead of away …