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James Rickards | Prepare Now for the Aftermath
James Rickards, author of Currency Wars and Aftermath, joins Albert at the NASDAQ Marketsite in New York.
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Macro Report
Flawed Fundamentals Won’t Fly
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 […]
Macro Report
Eric Sprott: “Are We Surprised Stocks Are Going Down? We Shouldn’t Be.”
By Albert Lu Eric Sprott, Chairman Emeritus of Sprott Inc. Stocks crashed on Monday before surging back in dramatic fashion on Wednesday following Christmas. But the 1000-point run didn’t last long. The market sank dramatically again on Thursday before staging a late-session comeback in a swing that saw the Dow Jones Industrial Average […]
Macro Report
Markets Admonish Fed: Powell Sends Stocks Tumbling
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 […]
Macro Report
Ron Paul On The Coming Crisis: “Could Be Worse Than 1929”
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 […]