I believe that the global economy is setting up for a new golden age reminiscent of the one the United States enjoyed during the 1950?s, and which I still remember fondly. This is not some pie in the sky prediction. It simply assumes a continuation of existing trends in demographics, technology, and economics. The implications
?We got competing against cheap labor. What we didn?t get is competing against cheap genius, and that?s what we are doing now with china and India,? said Tom Friedman in his newest book, ?That Used to Be Us.?
The S&P 500 is now at 1,370, and most strategist forecasts for 2012 hover around 1,400, plus or minus some spare change. So the next nine months are going to be incredibly boring. Or they won?t. Even in a bull market, one expects to see pullbacks of at least one third of the recent gain.
My mother lives in Pakistan, my daughter in Greece, and I have a ski chalet in in Peru. What's more, I have strategy luncheons planned for Australia, Thailand, and Turkey. At least these would be my conclusions after looking at a map prepared by my esteemed former employer, The Economist magazine, of the United States,
?The December, 1999 Green Book, the internal forecasting paper of the Federal Reserve, has a disclaimer which said ?not to be used externally, and harmful if swallowed?, said president of the Dallas Fed, Richard Fisher.
We received another raft of data this morning confirming my suspicion that the economic data is slowly turning over from modestly positive to mixed. The Challenger, Grey, & Christmas report showed that there were 51,758 job cuts in February, down 3% from January. But the first two months of 2012 revealed that layoffs announced by
I received a flurry of inquires the other day when Ben Bernanke mention the word ?sterilization? in his recent congressional testimony. And he wasn?t giving advice to the country?s wayward teenaged girls, either. Sterilization refers to a specific style of monetary policy. Sterilized policies seek to manipulate the money markets without changing the overall money
If you can pick up any emerging market with a multiple of less than 20, it is a great long term investment,? said professor Jeremy Siegel at the University of Pennsylvania Wharton School of Business.
Don?t expect much market volatility until we get the February nonfarm payroll report on Friday at 8:30 EST. Consensus has them coming in at around 200,000. However, we may have just gotten a valuable preview to those figures. According to the Japanese broker, Nomura Securities, the ADP National Employment Report, a monthly analysis of the
I am constantly asked if there are any ways investors can take advantage of the collapse of the natural gas market, where at $2.34/MBTU prices are plumbing decade lows. I have recently made good money buying puts on the ETF (UNG), but these are not for the faint of heart. They call this contract the