Chris Whalen, Chairman of Whalen Global Advisers and a very well-known financial analyst (he was one of the original forecasters of Lehman's inevitable demise) appeared on MacroVoices podcast this week to discuss the equity valuations, the path of the US dollar and DoubleLine Capital founder Jeff Gundlach’s declaration that the 35-year bull market in bonds is dead. Some of the key highlights:
Before the financial crisis and the billions of dollars in corporate bailouts, and trillions more in central bank quantitative easing, the world of investing was simpler.
The Richest People in Human History (Up until the Industrial Revolution)
Click here for a larger, more legible version of the infographic that you can explore in-depth.
Attributable to: The Money Project, a collaboration between Visual Capitalist and Texas Precious Metals
S&P futures have tracked both European and Asian markets lower, which were dragged down by the big EPS miss and guidance cut reported by Amazon on Thursday. Meanwhile, the pounding of the dollar has resumed with the euro and sterling strengthening against the dollar due to renewed political concerns after this morning's stunning failure by the Senate GOP to pass a "skinny" Obamacare repeal after John McCain sided with democrats.
Authored by Paul Craig Roberts,
America has been a discouraging landscape ever since the neoconservatives took over US foreign policy during the Clinton regime and started the two decades of war crimes that define 21st century America and ever since US corporations betrayed the US work force by moving American jobs to Asia.
The outlook became darker when the Obama regime resurrected the Russian Threat and elevated the prospect of military conflict between the nuclear powers.