The Bank Of England Is Planning A Bitcoin-Style Virtual Currency – But Could It Really Replace Cash?

Governments are extremely worried about cryptocurrencies such as bitcoin. These virtual currencies mean you can make payments without involving the banks that most economies and government financial models are built on. People can transfer large amounts of money without the authorities knowing, potentially making it easier to evade tax or launder money. So several countries’ central… Please follow and like us:

Read More

Trump Rally: The 2018 Sequel? Dow breaks 25,000, heads higher

WASHINGTON, January 6, 2018: During the last two weeks of December 2017, we and our portfolios were essentially out of action. From the looks of it, most investors deserted the field as well, save for a small but intrepid band of tax-loss sellers, shorts and permabears, all of whom enjoyed hammering the market down whenever they… Please follow and like us:

Read More

Trump administration moves to expand oil and gas drilling off US coasts

The Trump administration, inviting a political backlash from coastal state leaders, on Thursday proposed to open for exploration the largest expanse of the nation’s offshore oil and natural gas reserves ever offered to global energy companies, including waters off the coast of California. Interior Secretary Ryan Zinke said the draft five-year leasing plan would commit 90… Please follow and like us:

Read More

EU leaders have power to stop Brexit, says Blair

Britain’s former leader Tony Blair has told Euronews that the European Union must show leadership over Brexit—and if it tackled fundamental problems with the European project then the UK could stay in the bloc. The ex-Labour prime minister and increasingly vocal critic of the UK’s plans to leave the EU appeared to go beyond the established… Please follow and like us:

Read More

US Fed members divided over rate hikes in 2018

US central bankers are divided over how fast they will need to raise interest rates next year, given differences over the causes behind the low inflation and wage gains seen to date, a report showed Wednesday. The minutes of the December 12-13 policy meeting, when the Federal Reserve raised the benchmark lending rate for the third… Please follow and like us:

Read More

10 Data Points Investors Should Be Watching Now: JPMorgan’s Kelly

There are multiple economic and financial numbers investors can monitor in 2018 to get a sense of the market environment. David Kelly, chief global strategist for JPMorgan Funds, offers his own list of the top 10 data points he recommends investors watch this year. In his inaugural weekly note for 2018, Kelly says the list is… Please follow and like us:

Read More

World markets ring in 2018 on mixed note

Global stock markets greeted 2018 on Tuesday in mixed fashion, despite a raft of bright manufacturing surveys, with many investors away for extended holidays. Asian stocks mostly kicked off the year with gains, fuelled by strong data, improving corporate profits and hopes that US President Donald Trump’s tax cuts will fire US and world growth. Sentiment… Please follow and like us:

Read More

Trump Praises Iranian Protesters, Assails ‘Brutal and Corrupt’ Regime

U.S. President Donald Trump praised Iranian protesters Tuesday, saying they were “finally acting against the brutal and corrupt” regime in Tehran, even as Iran’s supreme leader accused the government’s enemies of stirring the violent anti-government demonstrations. Trump contended in a Twitter comment that “all of the money” that his predecessor, former President Barack Obama, “so foolishly… Please follow and like us:

Read More

Trump economy: False predictions from the left

ANALYSIS/OPINION: Since the day Donald Trump was elected president in November 2016, the Dow Jones industrial average has risen by some 35 percent, making the last 14 months one of the greatest bull market runs in history. Some $6 trillion of wealth has been created for Americans – which is very good news for the 55… Please follow and like us:

Read More

Trump’s MAGA evidenced in 2017 economy

Those seeking unemployment benefits are down. The stock market has been flirting with an unprecedented 25,000 point milestone. Industry is expanding. All since President Trump took office. So is it cause and effect from his policies? Probably in large part. But that’s both good and bad. ZeroHedge reported the booming economy has triggered a $2 trillion… Please follow and like us:

Read More

Foreign trade set to exceed $4t

China’s foreign trade volume is expected to exceed $4 trillion in 2017 if there are no special circumstances based on figures accumulated in the first 11 months, the Ministry of Commerce predicted on Thursday. Gao Feng, the ministry’s spokesman, said China has been resolutely pushing forward supply-side structural reform in foreign trade. The labor, capital and… Please follow and like us:

Read More

Three Huge, Totally Unexpected Surprises to Look for in 2018

Here are three leading examples of the conventional wisdom among Washington’s political experts about what will happen in 2018: Democrats will ride a “Blue Wave” of congressional campaign victories to retake control of Congress, gaining majorities in the Senate and the House of Representatives. Only the richest Americans will benefit economically from passage of President Donald… Please follow and like us:

Read More

5 Ways Congress Fell Short in Spending Your Money in 2017

As 2017 comes to a close, it’s worth remembering that America’s mountain of debt continues to grow. Here are five key facts about federal spending in 2017 to remember: 1. The deficit reached $666 billion. 666 is known by many as the number of the beast in the book of Revelation in the New Testament. In… Please follow and like us:

Read More

Anti-Trump, Brexit doomsayers: We were wrong

Historically, it seems, the prospect of a freer economy in which business owners have fewer restrictions and workers keep more of their wages brings out the harbingers of doom. It was no different when British voters chose to leave the increasingly suffocating European Union and Americans elected businessman Donald Trump. Out came the predictions of a… Please follow and like us:

Read More

Economic forecast 2018: Forgotten prosperity finally returns.

WASHINGTON, December 28, 2017: It has been nearly two decades since the American economy has experienced true prosperity. Prosperity means nearly all of us are thriving and experiencing good fortune, success and finding opportunity. If we define prosperity in terms of numbers, GDP growth would have to exceed 4%. That hasn’t happened since 2000, nearly two… Please follow and like us:

Read More