Silver as an investment

Category Archives: Phillips curve

JPMorgan’s Outlook For 2018: “Eat, Drink And Be Merry, For In 2019…”

While the prevailing outlook by the big banks for 2018 and onward has been predominantly optimsitic and in a few euphoric cases, “rationally exuberant“, with most banks forecasting year-end S&P price targets around 2800 or higher, and a P/E of roughly 20x as follows… Bank of Montreal, Brian Belski, 2,950, EPS $145.00, P/E 20.3x UBS, […]

Mauldin: 8 Charts That Show How Insane The Economy Is Today

Authored by John Mauldin via MauldinEconomics.com, Since the 2008 financial crisis, there’s been a growing number of ridiculous, inane, and otherwise nonsensical economic interventions from our central bankers that fill the daily economic headlines. I have gone from the occasional smile to scratching my head now and then to "WTF" moments. All that said, the […]

“This Is The Catalyst For Everything”: Deutsche Sees Only Two More Rate Hikes Before The Fed Loses Control

In his latest weekend note, One River CIO Eric Peters discussed, among other topics, what he thought would be the nightmare scenario if not for the current, then certainly next Fed chairman: a world in which despite the Fed’s best intentions (and we use the term loosely), the Fed continued to hike rates without any […]

Watch Live: Yellen Testimony Day 2, And Three Questions She Should Answer

Yesterday, Janet Yellen surprised markets again, when after weeks of a hawkish setup, she suggested that the Fed is not only uncertain “about when – and how much – inflation will respond to tightening resource utilization”, warning that the federal funds rate may “not have to rise all that much further to get to a […]

FOMC Minutes Show “Divided” Fed Fearful Of High Asset Prices, Low Inflation

Having hiked in June amid gravely disappointing macro-economic data, all eyes are now on the minutes for inflation (weakness blamed on "idiosyncratic factors"), labor market (concerns about "sustained employment undershoot"), balance sheet normalization (Fed "divided" over when to start), and market valuation concerns ("equity market high on standard metrics"). Rate hike odds for Sept (22%) […]

Good News For Gold!

Gold has always been some sort of insurance policy against inflation as it usually is the first (and main) reason why investors want to have exposure to the yellow metal. Unfortunately markets always tend to behave a bit irrational and even though the money supply is continuously increasing, the gold price continued to trend downward […]

The Fed’s Fantasy Vs. Reality

Submitted by Lance Roberts via RealInvestmentAdvice.com, Dow 20,000 Last week, I noted the market’s push toward the market milestone of 20,000. To wit: “The Dow broke above 19700 and is within striking distance of the ‘psychological’ summit of 20,000. With just 250 points to go, it is extremely likely traders will try and push stocks to that […]