Do Business Cycles Die of Old Age?
At a forum yesterday, former Fed Chair Bernanke said, "There is no sense in which expansions die of old age." That might be true...
As Good as Gold
Spot gold up 16.9% YTD.
Stocks Rarely This Expensive
The S&P Price-to-Sales ratio is back near its high for the cycle and the highest level outside of the greatest stock market bubble in...
Incredible Shrinking Bond Yields
0.10% is what you are paid today to lend the German government money for 10 years. It would take almost 700 years to double...
Abenomics in Trouble
Abenomics, aka printing money and crushing interest rates, doesn't appear to be working for Abe-san any longer. The yen is soaring and inflation expectations...