People assume the value of their home will offset their incredible mortgages. That is until it doesn’t. The day of reckoning is coming.
US company earnings continue to falter, and the gap between actual and expected earnings continues to grow.
I like to use Fortescue’s [ASX:FMG] share price as a barometer for the iron ore market. And as you can see in the chart below…right now it’s doing well.
If taxpayers are the implicit backers of troubled banks, the banks should pay a fee for it. As it stands, they’re getting a free ride, and no doubt loving it.
There would be havoc. And markets would be as unpredictable as ever. But one thing won’t be unpredictable. The price of gold.
The price of gold is on the launch pad…and it may be poised for a moonshot. We already saw the price of gold ‘lift-off’ after the Brexit announcement.
Typically, central banks use monetary policy (interest rates) to stimulate or stymie demand. It’s all about finding the right balance of growth and inflation — not too hot, and not too cold. Or as the phrase goes: the ‘Goldilocks economy’.
It seems Tesla’s ambition outweighs their talent. Trying to become a genuine mass market car maker is a stretch too far.
There are no good outcomes with negative interest rates. The lower rates go, the greater the risk of unintended and disastrous consequences coming into play
US stocks aren’t trading at a record because the US economy is booming, or because it has recovered from the recession. The same goes for the Aussie market.