IF ECONOMISTS DESIGNED AIRPLANES, WOULD YOU FLY? By Albert Lu Source: https://commons.wikimedia.org (cropped) It’s a fair question. Would you? Are their models robust? Are their predictions reliable? In other words, is their science sound? Don’t kid yourself; you know the answer. I suspect even economists would refuse to fly if their colleagues designed […]
By Albert Lu Photo Source: The Federal Reserve Federal Reserve Chairman Jerome Powell spoke and the market didn’t like what it heard. “Powell basically told you the Fed put is dead,” was hedge fund titan David Tepper’s assessment of the chairman’s prepared remarks delivered on Wednesday, following the Fed’s scheduled two-day policy meeting. “Everything is […]
By Albert Lu Photo credit: Gage Skidmore What started as a strong week for U.S. equities ended with losses, as disappointing economic data from China and Europe pushed global equities down on Friday. The Dow Jones Industrial Average closed down by nearly 500 points on Friday. Numbers reflecting China’s industrial output and retail […]
By Albert Lu Deal or No Deal (CNBC) Howie Mandel’s hit game show is back. “Deal or No Deal” may capture viewers’ attention, but the deal investors are most concerned with has everything to do with the world’s two largest economies and Donald Trump — and nothing to do with the Canadian comedian. […]
Eric Sprott: All Asset Classes Are Plunging By Albert Lu Renowned investor Eric Sprott truly cannot pass up a bargain. But before heading out for some Black Friday discount shopping, the founder of Sprott Inc. checked in with Craig Hemke of Sprott Money News for an update on the market. A DIFFERENT MARKET ENVIRONMENT “We […]