New York Stock Exchange

Von Greyerz: "We Are Now In The Frightening Endgame"

"Stock investors are rejoicing about stock markets making new highs in many countries, totally oblivious of the risks or the reasons...The gullibility of people today is exacerbated by the power of the internet and social media."

Don't Be Fooled - The Federal Reserve Will Continue Rate Hikes Despite Crisis

"Perhaps investors should consider that they are being duped by central bank ploys, and that they are useful idiots in a game designed to keep the public under control with fraudulent markets until the Fed is ready to pull the plug. When the crash takes place, the Fed will find a way to remove itself from any blame."

The Crash Of 1929: "Somewhere, Deep Down, They Knew The Party Was Over"

"...people believed that everything was going to be great always, always...It was this nature of mass illusion. Prices were going up, people bought... I would say that practically all the financial journals were on the take... They knew the game was rigged, but maybe next time, they could beat the system...Everything was not fine that spring with the American economy."

A "Mysterious Antenna" Emerges In An Empty Chicago Field; Billions Depend On It

"It was an odd transaction from the outset: $14 million, double the going rate, for a 31-acre plot of flat, undeveloped land just west of Chicago. In the nine months since, the curious use of the space has only added to the intrigue. A single, nondescript pole with two antennas was erected by a row of shrubs. Some supporting equipment was rolled in. That’s it."

The Forgotten Path to Prosperity

"When unnecessarily intrusive policies, laws, and regulations restrict our ability to be productive, incentives are diminished. Without proper incentives, productivity falters and the wealth and prosperity of a nation suffers."

What Could Possibly Go Wrong? - Why This Time Is Not Different

In the 1990s, stocks continued to rise relentlessly for years, even after then Fed Chair Greenspan warned of irrational exuberance in late 1996.  Last decade, the rally in home prices continued as ever more people appeared convinced that home prices never fall.  This time around, we are eight years into a bull market. As in those times, investors have all but given up betting against conventional wisdom...but this time is not different...

Creative Destruction Versus Government Fixes

"...in real capitalism, overcapacity and too much debt could have been prevented by periodic cleanups - what Austrian economist Joseph Schumpeter called “creative destruction." ...The problem is that, since the early 1930s, nobody ever tried to do this because the political and social impact of that scenario would have been devastating."

Watch Live: Donald Trump Hosts Town Hall With Business Leaders

Trump is hosting a town hall meeting at the White House to discuss the "American Business Climate", where dozens of high-profile CEOs will discuss business-related topics. The nearly 2 hour meeting is an "opportunity to discuss policies to create a pro-business climate with top Partnership CEOs from all industries."

Margin Debt Hits New Record High But Analysts Say "Don’t Worry"

"This isn’t a signal to me that markets are reaching an exuberant level like they did in the 1920s or 1990s, when speculation was rampant.  What our clients are doing is borrowing against the portfolios because interest rates are so low. They’re not leveraging up because they see the market exploding to the upside; they’re using leverage because they can pay it off at any time.”