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“Peak PEG” – The S&P Has Never, Ever Been This Expensive

“Peak PEG” – The S&P Has Never, Ever Been This Expensive
Authored by Francesco Filia via Fasanara Capital, Measuring the Equity Bubble In this brief note we discuss how, on some reasonable metrics, the S&P may qualify as the most expensive in history. When compared to potential economic growth, multiples on the S&P500 exceed even those seen during the Tech Bubble in 2000. To value the S&P index, we use a variation of... Read More

Let Banks Manage Risks, Not Regulators

Let Banks Manage Risks, Not Regulators
Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke. No one knows yourself better than you do. The same concept applies with financial institutions and the risks they take. An outside entity will never understand the day-to-day operations that occur within the walls of a bank; moreover, the calculated risks that a financial institution... Read More

The Economist: “Get Ready For A World Currency By 2018”

The Economist: “Get Ready For A World Currency By 2018”
Via Climateer Investing blog, Get Ready for the Phoenix January 9, 1988, Vol. 306, pp 9-10 THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let’s say,... Read More

China Downgrade Forgotten As Asia Closes Higher, Futures Flat Ahead Of Fed Minutes

China Downgrade Forgotten As Asia Closes Higher, Futures Flat Ahead Of Fed Minutes
Not even last night's Moody's credit downgrade of China - the first since 1989 - could dent the global stock rally which has pushed global stock prices to all time highs. After initially sliding, regional stocks and emerging Asian currencies pared early losses following the unexpected downgrade of China, taking their cue from the "sudden reversal" of the Shanghai Composite... Read More

Asia Jumps, Europe Stutters As Political Rumblings Return; Oil Nears $51

Asia Jumps, Europe Stutters As Political Rumblings Return; Oil Nears $51
Global stocks were mixed to start the week, with Asian stocks higher, European stocks initially advancing then fading gains, while S&P futures are little changed after the biggest weekly drop since April (which for those keeping record was -0.4%). European shares, the euro and the pound all stumbled on Monday as rumblings in Spain, Britain and Brussels reminded investors that... Read More

Germany Rules Out Greek Debt Cut: “For That It Would Have To Exit The Currency Area”

Germany Rules Out Greek Debt Cut: “For That It Would Have To Exit The Currency Area”
With the IMF and Germany again at each other's throats over the neverending drama that is Greece, German Finance Minister Wolfgang Schaeuble repeated the same line he has used since the third Greek bailout from the summer of 2015, and in response to the IMF's demands for a reduction in Greek debt and fiscal surplus, the German ruled out a... Read More

More Davos Elites Suggest Banning Cash…

More Davos Elites Suggest Banning Cash…
A central theme for the Davos World Economic Forum is a push to ban cash. Yesterday we outlined how Nobel Prize winning economist Joseph Stiglitz was urging the US to do away with physical cash. Today, Paypal CEO Dan Schulman is doing much the same thing although in this case he claims that getting rid of cash will end “leakage”... Read More

Will Donald Trump End The American Unipolar Moment?

Will Donald Trump End The American Unipolar Moment?
Submitted by Federico Pieraccini via Strategic-Culture.org, We are facing an unprecedented breakthrough: a global change that potentially could definitively overwhelm the unipolar world order created after the fall of the Berlin Wall in 1989 and sent into overdrive by the 9/11 so-called War on Terror. The victory of Donald Trump is the most emblematic representation of a total repudiation by... Read More

The Economic “Recovery” Feels Weak Because The Great Recession Never Really Ended

The Economic “Recovery” Feels Weak Because The Great Recession Never Really Ended
With the worst of the great recession, supposedly, behind us, The Real News Network's Kim Brown notes that many economic analysts still see signs that we’re not yet completely out of the woods. A new report released Wednesday by the International Monetary Fund shows that some banks in the United States and Europe may not be strong enough to survive... Read More