Gold is one of the most interesting economic barometers around because its price is a good measure of the fearRead more
It looks as if the havoc being wreaked by the retail apocalypse is worse than we thought. This study also gives us a rough picture of the future of retail employment and it is not pretty.
There will be fewer jobs in fewer places in the future but they will pay more. That means more competition for fewer jobs between employees and communities.Read more
What’s even more frightening is that one bad earnings report from either Amazon or Google might trigger a market crash. Those companies are simply that huge and important to investors; that alone should have us asking if those behemoths are now too “big to fail.”Read more
Income inequality will lead to deep political divisions among senior citizens that will profoundly change voting patterns. These divisions will unfold along racial, regional and class lines and bring about a paradigm shift to the left in American politics.
A result of that will be high confiscatory taxes directed at affluent seniors and their retirement accounts. Expect to see many wealthy older people flee the United States to escape those taxes in the decades ahead.Read more
Yet it shows us that the anti-bank political climate in Washington might be good for Wall Street’s biggest investment bank. A great stock, Goldman Sachs might get better because of the new status quo in the nation’s capitol.Read more
The railroad is definitely overpriced at the $89.5 a share it was trading at on April 28, 2017. There’s nothing in the earnings report to justify that number.Read more
The price drops in North Central Colorado will be nothing compared to the carnage in some other areas of the country. The Scout Vision Top 5 for 5 Quarter Report predicted that some homes will lose 68.5% of their value by first quarter 2022.Read more
Disturbingly some of these developments indicate that we might soon face a drop off in economic activity rivaling that of the Great Depression.Read more
The jobs apocalypse is about to get far worse because the machines have figured out how to learn. We had better get ready because AIs like Libratus will soon destroy hundreds of not thousands of highly paying jobs.Read more
A major problem is that revenues at JPMorgan and Bank of America are well below their historic highs. JPMorgan reported revenues of $99.13 billion back in June 2013; Citi reported revenues of $77.40 billion as recently as September 2014, and BOA’s revenues hit a high of $97.59 billion in June 2012.Read more