Take a Trip with Jim Rickards — Part Four
Jim Rickards concludes his series of articles on global economies with commentary on developing economies and a summary of what he calls the ‘domino effect’. Read on to find out more…
World Market News - Latest Updates and Global Insights
World markets are so intertwined these days — what happens in one region of the financial markets can affect another halfway around the world.
New markets in the global space are emerging all the time. And the key to growing your wealth is looking outside the box. The world is truly your oyster.
Here’s how the world market is looking at the moment…
The Fed’s Tragicomedy
The curtain goes up on the first one as the newly Republican House of Representatives brings out a cannon: the debt ceiling. They say they’re going to fire it if spending…some spending…on projects they don’t care for…is not cut.
And so, the dramatis personae are in place. The battle begins.
Time and Tide
Investors who buy stocks now are pulling their oars against the current. Investors should buy stocks when they’re cheap and SELL them when they’re dear. But stocks are already expensive. If there is any upside, it’s not likely to be much.
Expansion Is ALWAYS Followed By Contraction
We know, accept, and recognise the need for the principle of balance in our lives. We know excesses always have consequences. Yet, when it comes to investment markets, we somehow want an exclusion zone to be applied on this principle. However, periods of excessive exuberance have all been countered by an equal and opposite force of fearful selling. Balance, in due course, is always being restored. Look at the momentum behind the everything bubble pendulum…taking valuation metrics well-beyond 1929 and the dotcom peaks. The process of restoring balance has begun yet again…but how far will it go?
The Fed’s Baby Steps
‘Investors’ are so accustomed to a rising market…so used to the Fed goosing up prices…that they believe it must be helping them even when it raises rates. But there’s been a major sea change. The primary trend is running in the other direction
Financial Repression: Are They Going to Get Away with It?
There are two ways to deal with too much national debt: inflation and default. But default is politically embarrassing. And so economic policymakers have gone with the other option. The question is whether they’ll get away with it…
