In mid-November, just days after Barclays released its 2018 equity outlook with the title "Rational Exuberance"...
... Goldman's David Kostin decided that imitation was the sincerest form of unveiling a non-contrarian year-end forecast, and in presenting his revised S&P price target for 2018 of 2,850 - which accounts for GOP tax reform - "borrowed" the Barclays title for his own year ahead preview...
Submitted by Mish Shedlock
US large cap stocks are the most overvalued in history. Let's investigate six ways.
Crescat Capital claims US large cap stocks are the most overvalued in history, higher than prior speculative mania market peaks in 1929 and 2000.
Their 25-page presentation makes a compelling case, with numerous charts. It's worth your time to download and investigate the report.
Six Ways Socks Most Overvalued in History
Authored by Federico Pieraccini of Strategic Culture
The Chinese Belt and Road Initiative (BRI), by lending out money using an alternative currency to the dollar, opens up huge spaces for investment and the strategic transformation of the region.
Authored by Charles Hugh Smith via oftwominds.com
Whatever commoditized robots can produce is no longer profitable; rather, the production destroys capital.
Yesterday I discussed how robots only do work that's profitable, as any enterprise buying, programming and maintaining robots to do unprofitable work will soon be out of business.
Authored by Valentin Schmid via The Epoch Times,
Many older, wealthy people are losing out, while younger risk takers are getting rich...
Normally, the concept of wealth redistribution involves government using force to take from some people and give to others. But the bitcoin revolution is redistributing wealth differently.