Newsclips
Cartoons
June 22, 2016
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The Guardian (UK) – George Soros: The Brexit crash will make all of you poorer – be warned My 60 years of experience tells me the pound will plummet, along with your living standards. The only winners will be speculatorsToo many believe that a vote to leave the EU will have no effect on their… Continue reading Brexit Update
<Click on chart for larger image> ETF Trends – A New Leg up Could be Coming for Gold ETFs Gold got some good news when the Federal Reserve declined to raise interest rates last week following its June meeting and the yellow metal is also being bid higher on the back of Brexit concerns. The… Continue reading Gold Update
<Click on chart for larger image> Bloomberg Business – El-Erian Says ‘Slave-to-the-Market’ View Dents Fed’s Credibility Fed needs to take multi-year vision, look past short-term data The Federal Reserve has become too dependent on short-term economic indicators and risks confusing financial markets with its shifting views, said Mohamed El-Erian, the chief economic adviser of Allianz… Continue reading Fed Credibility
The Mainichi – Secret surrogacy in Japan gives senior Chinese officials’ relatives an escape ticket Chinese party officials pursuing new means of getting capital, and potentially themselves, out of China by having children through underground Japanese surrogacy: “We don’t want to confuse our son, so we’re not going to tell him that he was born… Continue reading More On Capital Flight From China
<Click on graphic for larger image> Mish Talk – 7 of Last 9 Recessions Started in Quarters with Positive GDP Q: The financial press often states the definition of a recession as two consecutive quarters of decline in real GDP. How does that relate to the NBER’s recession dating procedure? A: Most of the recessions… Continue reading Recession Talk
<Click on graphic for larger image> Bloomberg.com – Putting a U.S. Home on the Market in the Spring Pays Off: Chart Want to sell your house? Here’s why real estate agents advise putting a property on the market in the spring: the median purchase price for U.S. existing homes almost always peaks in June. That’s… Continue reading Seasonality On Home Prices
<Click on chart for larger image> The Financial Times – Uncompleted wells could hold back oil price rebound Production outlook depends on a series of holes in the ground As oil trades at about $50 a barrel, everyone in the US industry is looking at DUCs. Wells that are Drilled but Uncompleted are holes in… Continue reading More On DUCs
<Click on graphic for larger image> The Wall Street Journal – Not Just the 1%: The Upper Middle Class Is Larger and Richer Than Ever Research shows the number of upper middle class households has more than doubled since 1979 A range of data after the recession and the housing bust supported the idea that… Continue reading The Growth Of The Upper Middle Class
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Barron’s – Randall W. Forsyth: Brexit, Another Y2K? The much-ballyhooed vote on whether the U.K. stays in the EU could be a non-event for the markets. Also, infrastructure stocks that could win big if the Democrats do in November. Not since the days of the empire on which the sun never set has Britain had… Continue reading Brexit
The Financial Times – Whatever happened to the China crisis? In January, the markets panicked about a hard landing in China, accompanied by fears of a sudden devaluation of the renminbi that could spread deflationary pressure throughout the rest of the world. In the event none of that happened, and the markets rallied sharply. Why… Continue reading Revisiting China’s Hard Landing