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This blog has spent months identifying and explaining a myriad of obvious reasons that the stock market cannot continue its long-in-the tooth bull run. The oldest and still strongest concerns are: the common and continuing practice of public corporations to borrow cheap Fed money earmarked for maintenance, infrastructure, and expansion, then diverting it instead to

Lawrence Henry Summers is a former U. S. Treasury Secretary, with an impressive resume. In a recent interview with Bloomberg Television’s Erik Schatzker, he pointed out that in spite of the Fed’s continued “tightening” policy, it will be quite some time before the interest rate gets high enough, such that it could be reduced by

J. Christopher Giancarlo, chairman of the Commodity Futures Trading Commission (CFTC) testified this morning, before the Senate Banking Committee, in a crowded committee room on Capitol Hill. The day’s topic was “virtual currencies,” which were described as a digital representation of value that may function as “a medium of exchange, a unit of account, and/or

Friday and yesterday’s stock market losses were a long-overdue correction at the very least and out of the gate this morning the market will have you believe that’s exactly what it was, a correction and nothing more. With the Dow up more than two-hundred points already this morning, investors are eager to get back on

Statistics are just as important and useful in finance, as they are in sports. I bring that to your attention, because there is a distinct correlation between oil prices and gold prices. More than 60% of the time, the two commodities appreciate or depreciate together. Increasing tensions between Saudi Arabia and Iran are pressuring both

Kevin Warsh played a critical role during the financial market turmoil of 2007 and 2008. David Wessel, a Pulitzer Prize winning economic journalist said, “Warsh established himself as the chairman’s protector in Republican circles and Bernanke’s bridge to Wall Street executives.” The biggest complaint of Warsh is that he was and remains “overly concerned” with

It was announced today that Equifax Inc., a public company and one of the three major credit bureaus that is responsible for keeping and reporting on consumer credit records, had a cyber breach that may have affected 143 million customers. Apparently, intruders accessed names, social security numbers, birth dates, addresses, and driver’s license numbers. Credit

As the dog days of summer begin to wind down, consternation begins to set in with the harsh potential reality of a nuclear winter and an early and wicked economic winter. As a short business week gets under way, it’s plain to see that the U.S. economy is in for a beating: North Korea has

Bloomberg, Bank of America/Merrill Lynch, and other prominent financial institution analysts are sounding the alarm that risk indicators continue to increase, suggesting an end to the current bull market, which could be more sudden and more dramatic than seen in recent decades. Like a dieseling engine, the stock market continues chugging along, refusing to die,

Once achieved, wealth is not something easily given up. That’s why it’s important to pay attention to those who have the most to lose, during difficult economic times. However, many in the middle class mistakenly assume that the top 1% (American oligarchy) meet in secret and sequestered rooms to discuss the country’s economic direction, like