Market Focus: Global/International
Recent Editorials on Global Issues
- May 17 Why Japan Is Bad for the World by James Gruber
- May 17 When Central Banks Buy Stocks by Clif Droke
- May 16 Rick Santelli: Europe Is Baking Rotten Cookies by FS Staff
- May 16 Brussels Puts Spain Under Surveillance by Michael Shedlock
- May 16 Putin’s Power Play - How It Will Change the Uranium Sector by Casey Research
- May 15 JGB Yields Spike in Spite of all the BOJ Bond Buying by Sober Look
- May 15 Francois Hollande’s Latest Cunning Plan by Pater Tenebrarum
- May 15 Geopolitical Journey: Europe, the Glorious and the Banal by John Mauldin
- May 15 Is Peak Oil to Blame for Riots in Syria? by FS Staff
- May 14 Social Mood Darkens in Europe by Michael Shedlock
- May 14 Japan - Green Light to Crush Yen by Gary Dorsch
- May 13 No Fuel Induced Swoon by Thomas J Smith CFA
- May 13 Fudging China’s Export Figures or Currency Trading? by Sober Look
- May 10 China Poised for Surprise Rebound by James Gruber
- May 10 China: The Ten Year Adjustment Process to Slower Growth by Michael Pettis
Recent Newshours on Global Issues
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Michelle Caruso-Cabrera: Cyprus Was Treated Unfairly by the Euro Powers
May 09
Jim is pleased to welcome back Michelle Caruso-Cabrera, an award-winning financial television journalist working for CNBC. Michelle and Jim discuss her on-the-ground reporting from Cyprus during its financial crisis. She believes Cyprus was treated unfairly by the European powers, and didn’t receive the same treatment as Greece, which was kept afloat with massive bailouts. Michelle notes that Cyprus runs on its banking system, and Cyprus was treated as an off-shore tax haven, not a sovereign country. She also points out that Cyprus did not cut government spending, but raised taxes instead. Michelle also discusses the European economy and the chances of the Euro surviving longer term.
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Joseph Dancy: Global Demand For Oil Is Growing Relentlessly
May 07
Jim welcomes Joseph Dancy, Manager LSGI Venture Fund, and Professor at SMU Cox School of Business in Texas. Joe sees a discrepancy between energy company performance and share prices, as most major oil producers have underperformed the S&P 500 Index. Joe notes that the global demand for oil is rising relentlessly through industrialization and growth in China, India and other developing nations. With record oil company revenues and growing global demand likely to continue, Joe sees a much more positive performance for the energy sector looking ahead.
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Martin Armstrong: Washington Is Broke and Looking at More Ways to Tax Americans
May 03
Jim welcomes back Martin Armstrong of Armstrong Economics. Martin and Jim cover many important topics, including Washington’s need for more revenue, the future of the European Union, the current outlook for gold, the Cyprus banking situation, the pension system in the US, and how Congress is working hard to exempt itself from Obamacare. Martin also touches on economic trouble brewing in Europe, Japan and Argentina. As to the banking system, Martin advises to avoid large banks involved in proprietary trading and stay with the regional banks.
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Neil Irwin – The Alchemists: Three Central Bankers and a World on Fire
May 01
Jim welcomes author and Washington Post columnist Neil Irwin to discuss his new book, “The Alchemists: Three Central Bankers and a World on Fire”. The book focuses on the world’s most powerful men never elected to public office; Ben Bernanke of the Federal Reserve, Mervyn King of the Bank of England, and Jean-Claude Trichet of the European Central Bank. Mr. Irwin initially looks at the origins of central banking and then takes the reader into the Great Financial Crisis and its aftermath with the story of these three men and the extraordinary power they have over our collective fate, and that of the global economy.
