Financial Sense

IMF Reiterates Greece Disqualified for Bailout, Participation Depends on Debt Relief and Reforms
Michael Shedlock's picture

Once again the IMF is back in the news in regards to Greece. The IMF staff told the board of directors Greece Disqualified from New IMF Program. Yet, Germany insists IMF be a part of the program.


China’s Stock Markets and Revisiting 2011 Predictions
Michael Pettis's picture

I plan to post a new entry very soon but before doing so I wanted to say a few things about the stock markets, which continue to be insane (but not unexpectedly so) and then repost a blog entry that is nearly five years old.


Energy Sector Weighs on Market as Selloff Continues
Sheraz Mian's picture

The Exxon (XOM) and Chevron (CVX) reports today spotlight the pain in the oil patch as industry players brace themselves for a ‘lower-for-longer’ oil price environment. The comparisons to the same period last year...


The Job You Want, the Pay You Deserve, and the Education You Can Afford
FS Staff's picture

If you’re a young person considering a college education, one of the first things you should do is properly position yourself to land a well-paying job after graduating. A liberal arts or sociology degree is not what it used to be, and graduates with this type of degree...


Chinese Farmer Loses Life Savings
Tim Iacono's picture

Given the remarkable increase in the number of stock trading accounts and soaring margin debt in China over the last year or two, stories such as the one below about a farmer losing his life savings...


US Economy Sees Substantial Increase After Weak QI, Though Still Below Average
Doug Short's picture

The Advance Estimate for Q2 GDP, to one decimal, came in at 2.3 percent, a substantial increase from the 0.6 percent of Q1, which is an upward revision from -0.2 percent prior to today's annual revisions.


Dow 5000? Charles Nenner Discusses His Cycle Theory and Predictions for the Market
FS Staff's picture

Are we on the verge of a massive market collapse and can investors anticipate such an event? In a recent interview with Financial Sense, Charles Nenner, founder and president of Charles Nenner Research Center, discussed his controversial call for the Dow Jones...


Is it Time to Load Up on Gold?
FS Staff's picture

In the last 15 years, many commodities saw gains between 500 and 1000%, but, as we all know, bull markets eventually run out—and the commodity sector is no exception. Now with the price of gold—like so many other commodities—down nearly 50%, is now a good time to buy?


It’s All About the Fed Today
Sheraz Mian's picture

It’s all about the Fed today, with the FOMC concluding its two-day session later this afternoon and expected to provide clear indicators about its next steps in the statement. Beyond the Fed, the parade of weak earnings...


Third Bailout Generates New Political Division in Greece
Global Risk Insights's picture

After long and difficult negotiations, the SYRIZA-led government managed to reach an agreement with Greece’s creditors on a third bailout program. However, one of the main implications in Greece’s fluid political field is...


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