Financial Sense

Gold Rush Losing Glitter
Kurt Kallaus's picture

With Billionaires George Soros, Stanley Druckenmiller, Paul Singer and what seems like every analyst on the planet talking up Gold, what can go wrong? In fact, it’s impressive that the alleged “Smart Money” has also surged...


Massive Jump in New Home Sales, 17-Sigma Event
Michael Shedlock's picture

New home sales surprised in a massive way this morning, blowing out all estimates to the high side. New home sales came in at 619,000 compared to a Bloomberg Econoday consensus estimate of 523,000 at a seasonally...


Why the Brexit Vote Matters to US Investors
Patrick O'Hare's picture

Should the United Kingdom (UK) remain a member of the European Union (EU) or leave the European Union? That is the very question that will be put to UK voters on June 23. It's a big question that will inevitably invite...


The Ebb and Flow of Inventories
Matthew Kerkhoff's picture

Ask ten economists what causes recessions, and you’re likely to get fifteen different answers. Some will point to supply or demand shocks, policy errors, inflation, or sticky prices, while others, such as Hyman Minsky, will point toward fragility caused, oddly enough, by stability.


How the US Dollar Influences Oil Prices
Oil Price's picture

Crude oil has reached a critical technical level, which is likely to test the resolve of the bulls to push prices higher. The bulls have a favorable tailwind with production outages reducing the supply glut. Till about two weeks ago, the drop in...


Market Bubbles
Jeffrey D Saut's picture

Market bubbles occur when the price of an asset significantly deviates from its intrinsic value. There have been numerous bubbles predicted in my 20 years as a professional investor. Fortunately, only two, from the perspective of US investors...


Should Britain Leave the EU? Two Analysts Debate
FS Staff's picture

One of the most important macroeconomic issues facing the world today is the looming June 23 vote in Britain regarding whether the UK should remain in the European Union. Today, we debate the pros and cons of a Brexit including the potential impact this may have...


BCA: Global Equities Hanging By a Thread
BCA Research's picture

The unintended consequences from the continued altering of the capital structure of firms, by issuing debt and retiring equity at a time when operating cash flow growth is showing signs of fatigue is disconcerting.


This Is Not A Drill. This Is The Real Thing.
Tim Duy PhD's picture

The June FOMC meeting is live. That message came through loud and clear in the minutes and was subsequently confirmed by New York Federal Reserve President William Dudley. Last week, via Reuters...


A June Fed Funds Rate Hike Risks a September Economic Stall
Paul Kasriel's picture

Recent economic data, e.g., retail sales, housing starts and industrial production, suggest that the US economy has awoken from its winter slumber. In addition, growth in consumer prices has accelerated of late (see Chart 1).


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