It should be apparent by now that we are likely in a recession, as the Federal Reserve has finally embarked on a policy of tightening monetary policy to deal with historic inflation. Most pundits were shocked that 1st quarter GDP came in at -1.4%, as virtually no Wall Street economist predicted that much weakness. I [...]
Back in 1993, I was five years out of college, and while making decent money as a commercial real estate appraiser, I was still searching for something new. Just the year before I had started making decent money for the first time in my life, and this had carried over to 1993. So, I was [...]
One of the best ways to develop an income that travels is by building a presence on the internet. On the internet, you can sell your own products and services, or someone else's. Everyday, millions of people scour the internet, searching for a solution to a problem. Some people capitalize on that by providing these [...]
On Twitter today there some griping by some that a market pundit on CNBC was calling the current stock market a "bear market." I actually agree with that assessment, but I'll get to that in a minute. Wall Street likes to use various labels and categories, and one thing it hates to do is put the [...]
As one trader I follow commented today, "the selling was just relentless, and there was no bid to the market." The fact of the matter is that we are likely in the beginning stages of a bear market. At the very least, it will be extremely difficult for the market to make much headway in [...]
Throughout this pandemic, the price action in the gold market has been quite interesting. In 2020, as the Federal Reserve turned up the money printing to full power, gold's initial reaction was to explode higher to new all time highs above $2,000 per ounce. But, the market didn't stay there for long and it quickly [...]
Back in 1990, I bought my first house. My mortgage rate was 10% for a 30 year loan. The yield on the 10 Year Treasury Note was a bit over 8%. Rates haven't been that high since. Yet, here we are in 2022, on the heels of an inflation report indicating that the inflation rate [...]
Given the surge of inflation we've seen this year, which was finally somewhat reflected in last month's CPI reading, which was the highest in over a decade, I've been pretty amazed by the rally that has gone on in Treasury Bonds since March. I'm old enough to remember that my very first mortgage came with [...]
The Labor Department reported a net gain of over 940,000 jobs for the month of July, which dropped the unemployment rate to 5.4%. Economists expected a gain of 850,000 and a rate of 5.7%. As a result, there were some significant moves in the futures markets in the Treasuries, currencies and precious metals. Treasury prices [...]
Last year, as the Covid-19 pandemic was getting into full swing, President Trump suggested that he was taking Hydroxychloroquine as a precaution. Soon after, the media began reporting on deaths of people taking the cheap medication, and then Anthony Fauci suggested that it was not an effective treatment. Doctors such as Simone Gold, founder of America's [...]