The 5 Best Books On Economic History For Global Macro Trading & Investing


If your goal is to become a master global macro trader or investor, then you need to become a devout student of economic history. The books below cover various episodes of credit driven speculation throughout history. Studying these instances will show you that humans tend to repeat similar periods of economic delusion time and time again. This knowledge will help you stand apart from the crowd and form profitable “smart contrarian” opinions that will put you ahead of the game. 1.  Ray Dalio’s “How The Economic Machine Works” Ray Dalio is the founder of Bridgewater Associates — the #1 most […]

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Get Ready to Ignore November


As I’m writing this, the Mexican peso has rolled over and died. And what caused the currency to stumble like a drunken borracho who had one too many shots of tequila? Bloomberg released a poll that showed Donald Trump leading Hillary Clinton in Ohio, a critical battleground state, and The Donald’s relationship with Mexico is… shall we say… complicado. Over the past several months, the peso’s fortunes have waxed and waned with Trump’s polling numbers. The thinking is that a Trump America would be less open to free trade… and America is Mexico’s most important trading partner. So a Trump […]

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26 Incredible Facts About The Economy That Every American Should Know For The Trump-Clinton Debate


Are you ready for the most anticipated presidential debate in decades?  It is being projected that Monday’s debate between Donald Trump and Hillary Clinton could potentially break the all-time record of 80 million viewers that watched Ronald Reagan and Jimmy Carter debate back in 1980.  Many Americans probably hope to see some personal fireworks between the two nominees, but the two candidates have both expressed a desire to focus on substantive issues.  There will likely be quite a few questions about the economy, and without a doubt this is an area where Trump and Clinton have some very sharp differences.  […]

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A dent in the surface of time


This chart has been fascinating me for ages. It was produced by the Bank of England to illustrate a speech by Andy Haldane. Shock, horror – we have the lowest interest rates for 5,000 years. Even in the Great Depression they were higher than they are now. These are, of course, nominal interest rates. Real interest rates are even lower – though not by much, since inflation is close to zero in all major economies. Note also the divergence of long-term and short-term interest rates. This is encouraging, since it suggests that investors view future prospects as brighter, though hardly […]

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Gold and Silver Surge; Guy Christopher on Rising Anti-Globalism


Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll hear a wonderful interview with Guy Christopher, one of our most popular columnists at Guy enlightens us as only he can on a couple of well-known but very misunderstood stories – Robin Hood and The Wizard of Oz – and explains how both underwent changes and ultimately developed either a socialistic or an anti-sound money narrative. You will not want to miss a fascinating interview with Guy Christopher, coming up after this week’s market update. Well, it’s been a big week in the precious metals markets, […]

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What Is Going On In Charlotte Is Far More Important Than Brad Pitt And Angelina Jolie’s Divorce


While one of America’s largest cities is being ripped in two, most Americans appear to be far more interested in the drama surrounding Brad Pitt and Angelina Jolie’s divorce.  As Charlotte braces for a third night of rioting and violence, the mainstream media is full of headlines such as “Welp, the Jolie-Pitt Divorce Got Real Depressing Real Fast” and “Even the Dalai Lama has something to say about Brangelina’s divorce“.  Yes, the “Brangelina divorce” is an important cultural moment that illustrates our ongoing moral and social decay, but what is going on in Charlotte is far more important.  Trust in […]

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What the FED and BOJ Decisions Mean for Markets


No surprises here… Both the Fed and BOJ did exactly what everyone expected them to. The BOJ is staying the course with its QE program, but announced that it’ll be targeting a zero yield on 10-year bonds (they were negative before) with the aim of steepening the curve. The Fed stayed put on rates, but said they plan to hike before the end of the year (ie, December), emphasising that they really really mean it this time. US markets rejoiced with small-caps leading the advance while the dollar sold off. Here’s some quick takeaways. Below is why the BOJ wants […]

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Living In A Van Down By The River – Time To Face The True State Of The Middle Class In America


Do you remember the old Saturday Night Live sketches in which comedian Chris Farley portrayed a motivational speaker that lived in a van down by the river?  Unfortunately, this is becoming a reality for way too many Americans.  As the middle class has shrunk and the cost of living has increased, a lot of people have decided to quite literally “live on the road”.  Whether it is a car, a truck, a van, a bus or an RV, an increasing number of Americans are using their vehicles as their homes.  Just recently, someone that I know took a trip down […]

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This Crash and Recession Indicator Warns: Extreme Danger


When it comes to spotting danger periods for recessions, and especially major crashes, the Boom/Bust Cycle lets us see when stock crashes and recessions are most likely to occur. As my fourth key macroeconomic cycle, this makes it the most important one I have innovated since the Generational Spending Wave in 1988. It explains why Ned Davis’ Decennial Cycle failed in 2010 – 2012, and why his cycle is more variable than clock-like. And right now it’s flashing a warning sign of extreme danger into 2019! What gives this cycle an edge is that it’s based on sunspot activity, and […]

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War on Cash: Alarming Discussion of a Ban on $20+ Bills


Harvard professor and economist Ken Rogoff is once again leading the chorus of high-level academics and officials who declare cash is only for criminals. He made his case in a recent Wall Street Journal editorial called the “Sinister Side of Cash.” The solution, he declares, is to simply get rid of anything but the smallest bank notes. In his vision, drug dealers, human traffickers, and tax cheats are everywhere, but they are reliant on cash. Our benevolent central planners can largely incapacitate them by ridding society of anything larger than a $ 10 bill. Kingpins won’t know what to do […]

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