image_pdfimage_print

A New Dow High?

While the global bond markets have begun to correct their 35 year bull market, the major U.S. stock indices, including the Dow, NASDAQ, Russell and S&P, have rallied nicely. Official U. S. national debt is approximately $ 20 trillion as of December 2016, and has approximately doubled every 8 years at a 9% compounded rate for over a century.        Year         Official Debt 2016          $ 20 trillion 2024          $ 40 trillion 2032          $ 80 trillion 2040        $ 160 trillion […]

Read More

Power Currency to Power Money

On a Tuesday evening in early November, Prime Minister Narendra Modi, who had been elected 2 years earlier on the slogan “Minimum Government, Maximum Governance” stunned India’s 1.3 billion people by announcing that their 1000 ($ 15) and 500 rupee notes would be “demonetized” (removed from circulation) and replaced with new 500 rupee versions by the end of the year. All they had to do was take their old notes to the banks – which were closed the next day – and deposit them – as long as there was a “legitimate” explanation for the cash – (600 million Indians […]

Read More

The essence of evil

I have a confession to make. I have been reading the Daily Mail. No, I haven’t gone over to the dark side. Rather, I have been true to myself. I have always tried to keep an open mind. And sometimes that means doing something of which my critical self does not approve. Like reading tabloid newspapers. Reading is an important part of my life. I’ve always needed time to myself, to read and think. Without that space, my mind fogs and I become irritable. I suppose I am a bit introverted, really.  But shutting people out, even temporarily, can be difficult. […]

Read More

What Changed in 2016… and What Didn’t

I try to stay away from financial news on the television. All that yelling and hype makes me tired, and I realize later that it was mostly meaningless. I know they must make everything sound like it will change the world to keep viewers tuned in, but I have better ways to spend my time. Instead, I read a lot, from varying sources, so that I can bring the best information and analysis to you. In addition to Economy & Markets, I also write a weekly publication called the Dent Digest, which is distributed to our subscribers. In it I […]

Read More

John Kerry Unveils His Plan For A Palestinian State Based Upon 1967 Borders With East Jerusalem As The Capital

Barack Obama stabbed Israel in the back on Friday, and now John Kerry has slapped Israel in the face just five days later.  In a shameful speech that lasted for 71 dreadful minutes, U.S. Secretary of State John Kerry laid out his plan for peace in the Middle East on Wednesday.  His six-part plan is being welcomed warmly by the Palestinians, but it has further infuriated the Israelis.  Kerry claims that his plan reflects the emerging global consensus as to what a “final solution” will look like, and now we will wait to see what the 70 nations that will […]

Read More

The Year of Unexpected Shocks

I’ve spent a lot of time staring at my monitors this year and scratching my head, dumbfounded. Harry calls it a “market on crack.” I’m not sure what words I would use to describe it, but 2016 has certainly kept me guessing. I shouldn’t complain. We made good money in Boom & Bust this year, and most of our major macro trends played out as we expected, even with all of the unexpected shocks. But this is definitely a year that I expect market historians to pick apart for a long time to come. Let’s take a look at the […]

Read More

Probing Reader Questions on Diamonds & Silver Manipulation Lawsuits

We get some great questions from customers and readers. From time to time we like to share them. Sound money and alternative investing are important subjects for the times we live in and are always worth discussing. QUESTION: I see Money Metals recently added diamonds to the product lineup. Why would someone invest in diamonds in addition to precious metals? Diamonds aren’t money. The market is largely controlled by DeBeers. And jewelers make big margins selling them. Anyone who buys a diamond for investment has traditionally lost some real value as soon as they buy it. ANSWER: It’s a fair question. We’ll […]

Read More

Circle January 15th: 70 Nations Will Gather In Paris To Discuss The Creation Of A Palestinian State

On January 15th, representatives from 70 different countries will gather in Paris, France for an unprecedented global conference.  The stated goal of this conference is to promote a “two-state solution” as the way that lasting peace will be brought to the Middle East.  In Israel, there is a tremendous amount of concern that whatever is agreed upon at this conference will immediately be used as the basis for a UN Security Council resolution that would permanently divide the land of Israel and create a Palestinian state.  But things would have to move very rapidly in order for that to happen, […]

Read More

Breaking Report: John Kerry Is Working On Another UN Resolution That Would Officially Recognize A Palestinian State

Multiple media outlets are reporting that U.S. Secretary of State John Kerry is finalizing a document that the Obama administration hopes will form the basis for a UN Security Council resolution that officially recognizes a Palestinian state before the end of Barack Obama’s term on January 20th.  This comes on the heels of the UN Security Council’s adoption of resolution 2334 on December 23rd.  That resolution declared that all Israeli settlements in the West Bank are illegal, it stated that the Security Council recognizes the 1967 ceasefire lines as the border between Israel and “Palestine”, and it officially gave East […]

Read More

Lessons from a Trading Great: Paul Tudor Jones (PTJ)

From Jack Schwager’s Market Wizards: October 1987 was a devastating month for most investors as the world stock markets witnessed a collapse that rivaled 1929. That same month, the Tudor Futures Fund, managed by Paul Tudor Jones, registered an incredible 62 percent return. Jones has always been a maverick trader. His trading style is unique and his performance is uncorrelated with other money managers. Perhaps most important, he has done what many thought impossible: combine five consecutive, triple-digit return years with very low equity retracements. (I am fudging slightly; in 1986, Paul’s fund realized only a 99.2 percent gain!) Jones […]

Read More