Do economic expansions die of old age? Not according to the experts. Yet that’s where we are, now 121 months and counting for what’s now the longest period of unbroken growth in U.S. history. The growth trend started back in June 2009, just after the stock market bottomed. The previous growth record was 120 months, taking […]
Investment bank and financial services company UBS is worried that the global economy could soon be heading toward a recession, an outcome sure to concern the current administration as the 2020 presidential campaign kicks off. UBS says the ongoing trade war taking place between the United States and China is the main concern. Talks between the […]
Is gold finally back? The precious metal hit $1,889 back in the aftermath of the mortgage crisis, roughly a decade ago. Massive dollar printing was deemed the driver then. Gold passed $1,411 an ounce, on June 21, 2019, before falling back slightly. The last time that gold was that valuable was in 2013. Some financial institutions […]
After a decade of solid growth, automakers the world over are preparing themselves for a long-term slowdown. It’s a slow decline in auto sales that many experts predict won’t abate anytime soon. To be clear, this is a problem that is affecting every automaker in every developed, industrialized country. More than 38,000 prospective auto industry employee […]
As the longest running economic expansion since the 1850s continues, many wonder how long the good times can last. Do economic factors support continued growth, or will the decade-long good times come to an end? Some believe that Federal Reserve monetary policy could paper over any risk of an immediate recession. Then, rising spending among […]
Big Wall Street operators such as Blackstone, KKR and Goldman Sachs are investing big into house-flipping. In fact, more than 40% of house flips are now initiated by companies. Part of the appeal is the money to be made from high-interest hard money loans. Interest rates can be as high as 12%, although as much as […]
Anti-aging as commerce is a steadily growing industry. It is estimated that by 2024, the anti-aging business market will be worth $271 billion. Most people know that products that purport to halt or reverse aging don’t work or only provide minimal aesthetic improvement. However, that doesn’t stop them from seeking out ever more radical procedures. […]
As the TV series Star Trek famous put it, space is “the final frontier.” If NASA has its way, low-Earth orbit will soon become the new frontier in space tourism. The U.S. space agency recently announced that it will be offering private individuals the opportunity to stay at the International Space Station for 30 days. […]
Billionaire Oaktree Capital Management Co-Chair Howard Marks is warning investors who think the rules have change are mistaken. In his latest memo, Marks expresses his worries that too many investors believe that this record bull market run can “only get better forever.” Marks warns that investors who subscribe to this train of thought are only […]
Felder: Taking a 60% risk for a potential 0% return Margin rates highest since the Roaring ’20s Fed rate cut postponed as recession calls heat up The “Buffett Yardstick“ is what veteran money manager Jesse Felder calls it. It plots the total value of the stock market against the overall size of the economy. Warren Buffet has […]
