In detailing lessons learned from the 1930s and 1970s—and from the ways people invested when other economies experienced high inflation, collapsed markets, and rising interest rates coupled with declining currencies—The Little Book of Bull Moves in Bear Markets shows you how to successfully implement various bull moves so that you can preserve, and even enhance, your wealth within a prosperous or an ailing domestic economy. Strategies include a top-down investment approach; cutting expenses where you can; buying high-yielding equities in resource-rich and rapidly growing foreign markets; and investing in commodities, natural resources, and precious metals. Plus, at the end of each chapter, Schiff provides you with witty and insightful "parting words" that provide core advice for you to use as you work toward growing your wealth in any market environment.
It is human nature to allow emotions such as fear, greed and egotism get in the way. Overconfidence is one of the biggest killers of portfolios. Barber and Odean in a 2000 paper show that “after accounting for trading costs, individual investors underperform relevant benchmarks. Those who trade the most realize, by far, the worst performance. This is what the models of overconfident investors predict” (http://faculty.haas.berkeley.edu...)
The benchmark Shanghai composite closed officially in bear market — referring to a decline of at least 20 percent from recent highs — on Tuesday. The smaller Shenzhen composite moved into bear market territory in February this year. The Shanghai and Shenzhen composites were down around 22 percent and 26 percent, respectively, from their 52-week highs, as of Asia afternoon trade on Wednesday.
Consumer Financial Protection Bureau Federal Deposit Insurance Corporation Federal Home Loan Banks Federal Housing Administration Federal Housing Finance Agency Federal Housing Finance Board Federal Reserve System Government National Mortgage Association Irish Bank Resolution Corporation National Asset Management Agency Office of Federal Housing Enterprise Oversight Office of Financial Stability UK Financial Investments
In May, President Trump signed the rewrite of the 2010 Dodd-Frank law passed earlier by Congress with rare bipartisan support. The bill is the biggest rollback of bank rules since the financial crisis. According to the new law, lenders with less than $10 billion in assets will be exempted from the Volcker rule that bans proprietary trading. Read More
Since January, gold futures speculators have been trending from extremely bullish to scared short. And in the week ending last Tuesday (the most recent data available) they appeared to capitulate, adding a massive number of short positions while marginally cutting their longs. They’re now about as close to neutral as they’ve ever been. Based on the history of the past decade this is hugely bullish, since speculators tend to be wrong when they’re fully convinced they’re right. Read More
RATE AND REVIEW this podcast on Facebook.https://www.facebook.com/PeterSchiff/reviews/Dow Could Not Hold Onto the GainAfter yesterday's, I think 550 point drop in the Dow, the market bounced back a bit today. I think at one point earlier in the day the Dow managed to gain over 200 points, but it could not hold on to that gain. It closed down ju ...…
The public agencies raising money through bonds—such as states, cities, and counties—are known as municipal issuers. The ability to raise such funds is an exercise of the municipal issuer's buying power. In all bond issuances, the issuer serves as the focal point and the head of the financing team, and oversees the transformation of an idea for a project into an issuance. However, in some cases, the bond measure for a public project must first be approved by voters.
Hedge fund manager Paul Tudor Jones, in an interview with Goldman Sachs, predicted a rise in inflation and a surge in the 10-year Treasury yield. Noted bond investor Bill Gross recently said the bear market in bond prices has begun. Billionaire investor Warren Buffett told CNBC on Monday he believes long-term investors should buy stocks over bonds.
I might add that you might enjoy reading a 1984 science fiction that predicted our situation in a very amusing light (something I really needed) - Home Sweet Home 2010 A.D., by Mack Reynolds and Dean Ing. A little colorful language, but a deft and delightfully irreverent satire. Fortunately, I can still afford the occasional second-hand paperback. Published in 1984, the paperback originally sold for $2.95. I got it used for 50 cents at a going-out-of-business sale this year. New paperbacks run as much as $12 each. Could that be a hint of inflation?
But if you get to the point where it cannot be repaid in real terms, where it becomes a guarantee when you buy a US Treasury bond that you will never get your purchasing power back – you may get positive yield in nominal terms, but you’re always going to get a negative yield in real terms because the debt has gotten to such a level that they can’t possibly service it in real terms.
Although Jeffrey manages one of the world’s largest bond funds, he is an independent thinker who has courage and conviction in his beliefs—maybe because he comes out of left field. Jeffrey holds degrees in mathematics and philosophy from Dartmouth College and was once the lead for a new-wave rock band, back when Paul Volcker had me paying 18% interest on that loan.
Mr. Grant’s television appearances include “60 Minutes,” “The Charlie Rose Show,” “CBS Evening News,” and a 10-year stint on “Wall Street Week”. His journalism has appeared in a variety of periodicals, including the Financial Times, The Wall Street Journal and Foreign Affairs. He contributed an essay to the Sixth Edition of Graham and Dodd’s Security Analysis (McGraw-Hill, 2009).
As to his second point, one should never confuse suppressed with impossible.By President Roosevelt's edict in 1933, the government made it illegal for Americans to possess the metal—as in a go-to-prison criminal act. The government busted every gold bond. Of course, under such conditions, gold could not be useful or procreative. If they wanted to keep their gold, people kept it well hidden. Read More
No, it is invariably the bears who are blamed for the post-bubble crises and are the main objects of anti- speculative legislation. Yet during the bubble periods it is the bears who are generally the lone voice of reason, warning people of the folly of investing in overpriced markets. In the aftermath of a bubble, they continue their forensic work of exposing unsound securities and bringing prices back in line with intrinsic values, a point which must be reached before the recovery can start.
That is the purpose of this article. It can be bewildering when a casual observer tries to follow global events, something made more difficult by editorial policies at news outlets, and the commentary from most analysts, who are, frankly, ill-informed. Accordingly, this article addresses the topic that dominates our future. The most important players in the great game of geopolitics are America and China. Read More
The DJIA actually did a lot better than a lot of the other averages. The Dow Jones transports were down just over 4%; 445 points. the NASDAQ was down over 4% as well - 315 points. Weakness across the board in the stock market today. And it's not just the homebuilders and the autos. I've been talking about those sectors as leading indicators and, yes, many of those stocks made new 52-week lows today as well. But they were not the worst performers on the day.
For me, this is the most important part of George’s new economics. The entrepreneur must know that if his product or service succeeds at the market, it won’t be regulated out of existence. And the profits will not be taxed away. If he doesn’t have that assurance, the likelihood of turning his idea into a product or service is greatly diminished. That results in less entrepreneurial creations, which means less knowledge and wealth in the economy.
RATE AND REVIEW this podcast on Facebook.https://www.facebook.com/PeterSchiff/reviews/Look Carefully at the Price IndexThe GDP number came out yesterday; 3/5% did slightly beat the consensus of 3.3%, but remember, for a while the Atlanta Fed was looking for a print in the 4's. But the New York Fed was at 2.2%, so the print was much higher than ...…
How fast and furious it goes will depend on many things and is somewhat hard to predict. The tax cut means a lotta corporate cash is coming back for stock buybacks. This counteracts the trend from the Fed portfolio decline. On the other hand more and more being are seeing the professional market cheerleaders for what they are - con artists or children. So that trickle could easily be overwhelmed by the thundering waterfall of people whose eyes have been opened up to the overwhelming heroic assumptions required to keep this bubble inflated this high.
Jeffrey thinks that we are headed into a much tougher environment because “the Central Bank balance sheets will stop growing at the beginning of 2018, [and] the liquidity that’s helped drive the market is going to reverse. That is not favorable for risk markets.” As such, Jeffrey and his team at DoubleLine have been de-risking their portfolios and have cautioned investors to do the same.
Velocity can also tell us about the long-term direction of bond yields. As velocity is a main determinate of nominal GDP, and yields track nominal GDP, Lacy believes that the secular low for interest rates are not in hand: “In my view, we will not see the secular low in interest rates until the velocity of money reaches its secular trough, and that is not something that’s going to happen soon.”
In 1962, Smokey was paired with a female bear, "Goldie Bear", with the hope that perhaps Smokey's descendants would take over the Smokey Bear title. In 1971, when the pair still had not produced any young, the zoo added "Little Smokey", another orphaned bear cub from the Lincoln Forest, to their cage—announcing that the pair had "adopted" this cub.
Municipal bond holders may purchase bonds either from the issuer or broker at the time of issuance (on the primary market), or from other bond holders at some time after issuance (on the secondary market). In exchange for an upfront investment of capital, the bond holder receives payments over time composed of interest on the invested principal, and a return of the invested principal itself (see bond).
Are the metals markets ending a price correction in unison and preparing for a massive price advance? This is the question we asked our research team to investigate and their findings may help skilled traders identify great opportunities in the future. This multi-part research article will share our most recent opinion about the metals markets as well as share some critical new data that can shed some light into what we believe will become a massive upside price rally in the metals markets. Let's get into the data. Read More
With the U.S. stock market going through a volatile phase, investing in big-brand companies seems judicious. These stocks will offer some respite as they boast stable cash flows. Needless to say, the value of brands is that they instantly convey information on quality, durability and consistency to consumers. These traits help stocks counter market gyrations. And if the market pulls itself up in the near term, such companies will make the most of the positive trend as their products and services are widely accepted.
The probability of repayment as promised is often determined by an independent reviewer, or "rating agency". The three main rating agencies for municipal bonds in the United States are Standard & Poor's, Moody's, and Fitch. These agencies can be hired by the issuer to assign a bond rating, which is valuable information to potential bond holders that helps sell bonds on the primary market.