The stock market started off the year exceptionally weak, with all major market indexes down double digit percentages going into the low on February 11. We believe much of the weakness was due to selling by foreign sovereign wealth funds, where the related country’s fiscal budget is heavily affected by the price of crude oil.
There’s a phrase no one wants to read in a sweeping report about the financial advisers who handle their savings: economy-wide misconduct. A new working paper by business school professors at the University of Chicago and University of Minnesota found that 7 percent of financial advisers have been disciplined for misconduct that ranges from putting clients in…
Most of the world’s oil production is controlled by state-run and/or state-owned enterprises. National oil company production policy is dictated by oil ministers of various OPEC and non-OPEC oil producers, with only the U.S. producers at a disadvantage in a not-so-free market. It is time for our government to recognize the vital national security role…
China’s growth may be slowing, but it’s for all the right reasons. U.S stocks on Thursday kicked off the start of October with losses, after nosediving last month as investors worried about slowing growth in China. True, the growth rate of the world’s second largest economy has declined from over 10% in past years to…
On Monday, August 24 the Dow Industrials closed down 588 points on fears over the effect of recent Chinese currency devaluation. Unlike many on Wall Street, Frank Beck saw the market’s decline as a very attractive buying opportunity. Watch the video for his comments on KVUE-TV.
This week, the markets’ reputation for anticipation will be put to the test. Will the Federal Reserve begin scaling back its easy-money stimulus? The market seems to think so. Investors have been paring back bonds susceptible to rising interest rates, and the 10-year Treasury yield has already jumped this summer from 1.6% to nearly 3%,…
