Gold

In the past year, Italy has been a source of a lot of investor angst, with 10-year yields reaching levels not seen since 2014. Despite the simmering crisis there, I am not concerned about short- or medium-term outcomes because I believe the…

When I last wrote about Tesla, I ended this way: It’s clear to me that Elon Musk is not focused. He’s erratic and impulsive. Those are not the traits you need in a Chairman and CEO, when you have a cash crunch staring you in the face just…

I am looking forward into 2019 at this point. And if you look at the Fed's summary of economic projections from June, you see a median projection for the fed funds rate moving from 2.4% at the end of this year to 3.1% at the end of 2019. So…

Yesterday's daily featured four views on a potential global recession and financial crisis by the end of the year 2020. Nouriel Roubini had the view I think easiest to deconstruct because he lays out ten separate trigger points that could…

Is the fiscal debate political or market-driven? The eponymous debate in the US over government spending, debt and deficits is whether the issues are fundamentally market-driven or politically-motivated. For example, recently Trump economic…

A month ago, 10-year yields were at 2.89%. And so, we were at a level that yields had been on February 20th despite two rate hikes in the intervening period. Since that time, rates have shot up 10 basis points, with the 10-year briefly…

Back on March 1st, I told you to think of "Lael Brainard as the catalyst for Fed regime shift". Here's why: Back in late 2015, she and Fed Governor Dan Tarullo expressed caution about raising interest rates. And as the Fed increased the Fed…

Real quick here. Here's a chart tracking EM and S&P500 gains since the beginning of 2016: Source: Jamie McGeever How EM closes the performance gap Two questions: When and why should we expect EM and US stock markets to move in…

Since everyone is talking about the anniversary of the Lehman collapse and the financial crisis, now's a good time to think about the upside after crisis. In February 2009, I wrote a post based on some advice from veteran investor Jeremy…

Why is Tesla CEO Elon Musk smoking marijuana in public and sipping whiskey while taping a podcast? Sure, it's legal in California. But it's not a good look. And it makes Azealia Banks' claims look credible that Musk was tweeting the "taking…