Several measures say much lower, but not for all stocks. Read More
Stock Market Investing
This week’s snowstorm across much of the eastern half of the country has been accompanied by the usual clips of cars sliding backwards down icy roads. Those are sickening sights, but not as sickening as watching global stock markets sliding backwards, pushed by China’s slowing economy and plummeting commodity prices. Read More
Like a bad movie sequel, this week’s China-inspired stock market swoon may turn out to be worse than the original 2015 summer blockbuster. In August the U.S. stock market dropped more than 10% after China’s initial foray into letting its currency float in an attempt to shore up its flagging… Read More
Signs are everywhere that Americans have tired of playing the “long game” in dealing with the global financial crisis that erupted seven years ago. One way to judge how satisfied (or not) society is with the current condition is by the choices it makes. And right now, those choices are… Read More
Some heartland U.S. cities’ economies are heating up, finally. Read More
A couple of weeks ago Fed Chairperson Janet Yellen said she was “looking forward” to the prospect of raising interest rates this month, since that would indicate of an improving economy. I’d like to believe she was sincere in that sentiment, but I can’t help but wonder if she was… Read More
Just when you thought it could go no lower, the price of oil slipped again this week. On Tuesday it fell below $37 a barrel and Big Oil stocks felt even more pain, as did the Dow generally, off 245 points.A host of bad economic news comes with oil’s plummet… Read More
Don’t panic, but a recession is inevitable. Read More
Last week I had the pleasure of appearing as a guest panelist on the Fresh Outlook business news program, where we discussed if the Fed’s massive quantitative easing program created a “bubble” in the U.S. financial markets. Given trillions of dollars were pumped into the economy following the 2008-2009… Read More
Don’t be fooled by shopping projections. Read More