By SIMON CONSTABLE
No one knows for sure what 2023 will bring to Wall Street.
Nevertheless, recent history suggests what we might want to keep an eye on over the next 12 months. Read more here.
By SIMON CONSTABLE
No one knows for sure what 2023 will bring to Wall Street.
Nevertheless, recent history suggests what we might want to keep an eye on over the next 12 months. Read more here.
By SIMON CONSTABLE
Women making a major difference on Wall Street is now the norm.
But decades before Cathy Wood made a splash then a crash with the tech-focused ARK Innovation ETF exchange-traded fund, there was Wilma Soss.
And did she make a difference or what! Read more here.
By SIMON CONSTABLE
Individual investors seem to have caught the jitters in every asset class.
That’s usually a positive sign for the market as a whole, which should come as a relief following a year when stocks and bonds both took a serious beating. Read more here.
By SIMON CONSTABLE
How bad is the economy?
Not nearly as bad as some are saying, at least according to some key loan metrics. Read more here.
By SIMON CONSTABLE
If the scandal surrounding the FTX crypto-exchange wasn’t bad enough to scare all-but the crypto diehards to flee, now there’s even more bad news for cryptocurrency investors.
Up to four fifths of crypto trading on unregulated crypto exchanges may be phony, new research shows. Read more here.
Του Simon Constable
Φτάνει πια με τη συζήτηση περί ύφεσης. Εδώ και –τουλάχιστον– έξι μήνες πολλοί οικονομολόγοι προβλέπουν μια επικείμενη επιβράδυνση ή κατάρρευση που θα συντρίψει την αμερικανική οικονομία.
Όπως τόσες και τόσες προβλέψεις στα ΜΜΕ, ούτε αυτή έχει εκπληρωθεί. Ούτε κατά διάνοια. Σε άρθρο μου που δημοσίευσα τον περασμένο Ιούνιο ανέφερα ότι υπήρχαν ελάχιστες ενδείξεις για ύφεση – τα σημάδια έδειχνα απλώς επιβράδυνση της ανάπτυξης.
Εντούτοις, οι εκκλήσεις για "οικονομική λήθη" δεν κόπασαν, μα ακόμα περιμένουμε την ύφεση.
Αυτή η αστοχία –και άλλες παρόμοιες– αποτελεί μάλλον την αιτία που έκανε τον οικονομολόγο J.K. Galbraith να αποφανθεί: "Η μόνη λειτουργικότητα των οικονομικών προβλέψεων είναι να κάνουν την αστρολογία να δείχνει αξιοσέβαστη". Και όντως η εικόνα της αστρολογίας βελτιώνεται κάθε μέρα.
By SIMON CONSTABLE
Copper prices will probably tumble nearly 20% over the next 12 months as demand cools and supplies stay stable amid a likely economic slowdown, experts say.
“I wouldn’t be surprised to see prices edge lower,” says Carlos Sanchez, director of commodities management at New York–based CPM Group. Read more here.
By SIMON CONSTABLE
A long-time bear on investing in gold bullion seems to have flip-flopped.
Now he’s bullish, and how! Read more here.
By SIMON CONSTABLE
We all know inflation is bad right now. But will the Federal Reserve’s actions have any helpful consequences?
Probably not, new research shows.
“The prevailing view that rate hikes are causative in curbing inflation implies a negative correlation between the two variables,” writes David Ranson, director of research at financial analytics firm HCWE & Co. Read more here.
By SIMON CONSTABLE
Ouch! The invasion wasn’t expected, and it wasn’t pleasant. But the war between Ukraine and Russia was central to commodities prices this year. The impact of the conflict is still being felt globally.
On Feb. 24, Russia invaded Ukraine, following weeks of military buildup dating back to 2021. The move sent shock waves through commodities markets. Read more here.
By SIMON CONSTABLE
Enough already with the recession talk.
For at least six months, many economists have been forecasting an imminent economic pullback or collapse that would crush the U.S. economy.
Like so many things forecast in the media, it hasn’t happened. Not by a long way. A piece I wrote in June indicated there were few signs of recession, just slower growth.
Still, the calls of economic oblivion keep on coming relentlessly and yet no recession has emerged.
That failure and similar ones is probably the root of the Wall Street quip: “Economists were invented to make astrologers look good.” And those astrologers are looking better every day.
By SIMON CONSTABLE
John Batchelor and Simon Constable play unemployed hedge fund managers and predict the economic calamities the U.S. faces in 2009
By SIMON CONSTABLE
John Batchelor and Simon Constable play the Smoot and Hawley protectionists.
By SIMON CONSTABLE
Debrief November 25, 2008. Batchelor and Constable discuss "too big to fail" and all of its insanity.
By SIMON CONSTABLE
By SIMON CONSTABLE
John Batchelor and Simon Constable discuss plans by the U.K. government to create a bank to hold the mountains of bad debts which have been clogging up balance sheets lately.
By SIMON CONSTABLE
John Batchelor and Simon Constable discuss the strange tale of a box of edible rabbits and $10,000 containing it. Plus, where do you put your money now?By SIMON CONSTABLE
Batchelor and Constable discuss the declining steel trade now and in the 1930s.
By SIMON CONSTABLE
ドル高が進んでいる。主要通貨に対する米ドルの強さを示すドルインデックスは、2002年4月以来約20年半ぶりの高値水準にある。
フォーブスの寄稿者のひとりであるジョン・トビーも論じているように、ドル高はたしかに米国にとってはプラスにはたらく。だが、それ以外の国や地域では必ずしもそうではない。Read more here.
By SIMON CONSTABLE
By SIMON CONSTABLE
Something odd happened almost three decades ago. Startup web-browser company Netscape went public, delighting investors despite having no profits. This event, on August 9, 1995, prompted one of the biggest global economic shifts since the industrial revolution. Over the last 27 years, web-based businesses have become behemoths worth billions of dollars: Amazon, Meta, Alphabet, Alibaba, Tencent, Baidu, Netflix. Yet the overwhelming majority of these big tech companies come from just two countries: the US and China. Other countries, such as those in Europe or Asia (excluding China), lag hugely. Read more here.
David Lienemann , Public domain, via Wikimedia Commons
By SIMON CONSTABLE
世界上最出色的贵金属专家之一表示,黄金价格将很快刷新纪录,而投资者只需要一点耐心。
大宗商品咨询公司CPM Group的创始人兼执行合伙人Jeff Christian在最近的一段视频中表示:“我们仍然预计,在未来——比如在五年之内,金价将创下新高。”
Read more here.
By SIMON CONSTABLE
What the frack?
Britain’s approach to fossil fuels is nothing if not inconsistent. Read more here.
By SIMON CONSTABLE
El oro está viendo un precio promedio anual récord este año, y probablemente mejorará en los próximos cinco años, según uno de los mejores expertos en metales preciosos más grandes del mundo. Read more here.