Category: Economics
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Shift Happens and it’s Set to Accelerate
In the last 10 years three billion people have started to climb the first rungs of the Global economic ladder and are lifted out of poverty and ignorance. The shift of wealth is set to accelerate as the “sea change” of prosperity and economic growth swing from the developed world shift to the emerging economies.…
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Insane Exuberence
For 2,000 years, foreigners have seen China as the golden dream. Time after time, they have learned to their regret that it is a gilded illusion; and it is happening again. During 2006, foreign investors tripled their investments in the Chinese equity markets. Even with that, foreign capital constitutes only 10% of the Shanghai (SSE)…
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Wilbur Looks at the World
An Interview with Wilbur L. Ross, Jr., Chairman and CEO, WL Ross & Co., LLC With Keith W. Rabin, President, KWR International, Inc. Wilbur Ross may be the best-known turnaround financier in the U.S., having been involved in the restructuring of over $200 billion in assets around the world. In 1998, Fortune Magazine called him…
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Pro Money Talk Features Interview with Steve Forbes
Forbes and Jason Papier, Co-host of #1 Personal Finance Podcast, Discuss Flat Tax, Other Issues SUNNYVALE, Calif.–(BUSINESS WIRE)–“Pro Money Talk” – the #1 rated personal finance podcast – today announces its latest episode, featuring Steve Forbes, CEO and editor-in-chief of Forbes. The episode is available for download via iTunes or at www.promoneytalk.com. In the episode,…
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S&P 500’s Remarkable Streak
Everyone with some financial sense knows that the markets (S&P 500 specifically) have been continually hitting new highs or at least new multi-year highs respectively. The strange thing is that we have not seen many corrections in that period. In fact, the S&P 500 is on quite an impressive streak right now (see below). Typically,…
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Is ‘Private Oil’ Threatening the NYMEX?
Rapid expansion in China and India has led the governments of these countries to make sweeping changes in the way they buy oil. In many cases, they are beginning to circumvent the traditional distribution networks of the New York Mercantile Exchange (NYMEX), and other bourses, entirely. In fact, according to a report released Wednesday by…
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Inflation Apparently is a Thing of the Past
The market continues to push into new territory of all-time and multi-year highs, yet it also appears to be putting positive spins on negative data releases and attaching itself to positive economic data. Housing weakens here; manufacturing slowdown there, retail sales disappoint here and inflation isn’t moderating over here. That is all I heard last…
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Overnight Lending Rate
Many people have a misunderstanding about what the overnight lending rate really is. It has little to do with the U.S. domestic economy. Any nation’s interest rate is nothing more than an advertisement. Just like any mutual or hedge fund advertises its rate of return, so too do Countries via their overnight lending rate. Since…
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Gasping for Air up there
The S&P 500 has run 170 points (13.8%) essentially unabated since July’s low of 1230. It’s as if the market earns brownie points each day for setting new multi-year highs, just as an alpha male earns brownie points for flattering remarks toward his girlfriend. The problem here is that the air up here is getting…