Federal Reserve

Asian Stocks Hit 18 Month High; Europe, US Futures Bounce As Dollar Rises

Asian stocks hit their highest level in 18 months, with positive momentum lifting European shares which were helped by Societe Generale earnings. Yields fell on some of the euro zone's battered low-rated bonds as investors put aside the political risks that have dominated markets this week. After trading flat, S&P futures bounced as US traders walked boosted by a spike in the USDJPY.

The End Of The Dollar Standard

"I find myself in the strange situation of cheering Donald Trump’s nascent program of economic renewal for the US, while worrying deeply about the domino effect that may topple a dollar-based global financial system whose health has relied greatly on benign neglect by the United States."

The Lowest Common Denominator

More debt and less discipline is not the solution to a pre-existing condition characterized by the same. The price tag for failing to acknowledge and address that reality rises exponentially over time.

Druckenmiller Reverses: Is Buying Gold Again

Drucknemiller has changed his mind, and overnight the billionaire investor with one of the best long-term track records in money management, said he bought gold in late December and January, reversing the sale he made after the U.S. presidential election. “I wanted to own some currency and no country wants its currency to strengthen,” Druckenmiller said Tuesday in an interview. “Gold was down a lot, so I bought it.”

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We discuss viewer questions in this video from how Central Banks influence asset prices, to trade position sizing, to salesman types that you should avoid like the plague, to economists and why there needs to be a Chinese Wall between Economists and Financial Markets.

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Raise Rates In March

We discuss the fact that average investors are making very poor investment decisions right now in financial markets because of a Federal Reserve that refuses to normalize interest rates after a decade of ZIRP.

Ron Paul Urges Congress: Cut, Don't Reform, Taxes

Many Americans who have wrestled with a 1040 form, or who have paid someone to prepare their taxes, no doubt cheered the news that Congress will soon resume working on tax reform. However taxpayers should temper their enthusiasm because, even in the unlikely event tax collection is simplified, tax reform will not reduce the American people’s tax burden.