June, 28, 2017|

Danielle DiMartino Booth

The question on so many oil producers’ minds is whether they can take central bankers’ banking on slumping oil prices as ‘transitory’ to the bank. Is stabilization in the cards after the six-month rout in prices? Oil exporting countries sure would like to know as would investors inclined to own junk bonds...

ILLINOIS BROKE

June, 28, 2017|

Oh No Illinois!

Illinois could go down in history as the first U.S. state with a "junk" credit rating. The rating firm Standard & Poor's says it will probably give the state that embarrassing distinction if lawmakers fail to reach a budget deal by the start of the fiscal year on July 1...

The Fleecing of America

June, 26, 2017|

The American way has become flawed, the political system broken down, and run by politicians that could care less about the American people. The new story has been how much they are doing for the American people, amazingly they are all expressing worry about us, the poor middle class. And that could only mean one thing, they are going to stick it to us...

Free Market in China?

June, 23, 2017|

Not Likely...

Let's start with the good news. MSCI, a leading global index provider, will now include 222 Chinese stocks, called "A shares," in its popular emerging-markets stock index, which financial companies have an estimated $1.6 trillion riding on. American investors will now have a new way to gain exposure to these limited numbers of home-grown stocks in mainland China...

June, 21, 2017|

Danielle DiMartino Booth

Did you forget something? Possibly wishing me my happy second anniversary of leaving the Federal Reserve?

Oil Plummets OPEC Screwed

June, 21, 2017|

Oil Slump

Crude plunged into a bear market on Tuesday, sinking another 2.2% to settle at a nine-month low of $43.23 a barrel. The sell-off leaves oil down 22% from early January, eclipsing the 20% needed to qualify for a bear market. The big fear gripping the energy markets is that the world continues to have too much oil...

Daily Fantasy Sports Takes a Hit

June, 20, 2017|

DraftKings Merger in Trouble

The DraftKings/FanDuel merger is in trouble, which should be no real surprise, after all they were shut down in a few states before being allowed to operate again. Once again, the government wants to get involved under the rules of a monopoly, they are questioning the fairness of the lack of competition. Read: We are from the government and we are here to help...

Manipulation Killing Free Markets

June, 19, 2017|

While the FED is out there begging for inflation so they can tax me more on what I already own, what has happened to free markets and true price discovery? Normalization has become the new buzz word, but a better question would be, what is normal?