I have been warning about getting overly enthusiastic about oil prices for a while now. And the big reason is, the diminishing power of OPEC. For decades OPEC, led by Saudi Arabia (SA) has been the global mover and shaker of oil prices. But that day is swiftly passing.
The GDP numbers for the first quarter were just reported and they’re the lowest in three years. President Trump may be in a bit of pickle here since he has already said his administration was to get the credit for the strong markets and the bullish sentiment indicators. It’s hard to say now that this tepid first quarter number is Obama’s fault.
Could recent economic data be showing that subprime auto loans may be the next danger zone in the economy? I have noticed that auto loans have been getting a lot of attention lately. In a recent issue of Barron’s, two unrelated articles discussed auto loans as a potential source of worry for the economy and regulators.
There’s a lot of talk about the coming disruption of the Robot Age. But the thing is, robots are here. They’ve been here for a while now, even though most of us don’t see them on a day to day basis. Finding them may be easier than just looking at an auto production line, which is the standard media example of robotics in action.
Recently, after the bombing campaign in Syria, there’s a lot of talk about Trump deciding to lead us from the front as opposed to leading us from behind, as his erstwhile predecessor did regarding Syria and other military hot spots. But as an investor, my interest is more where we are being led to, rather than the position of the leader.
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It should come as no surprise that a guy from New York City, who has run a major global real estate development business, knows more than a few well-placed bankers. And when that guy becomes president of the United States, it’s his chance to give them their due.
I’m not talking about economic realities or political realities… I’m talking about two of the most transformative technologies that are beginning to flow into our markets as well speak: Virtual reality (VR) and augmented reality (AR).
Estate taxes affect fewer and fewer people, so today the bigger threat that aims to separate your wealth from your loved ones and delay or block the transfer to them, is probate. Regardless of the value of your estate, you need to spend time considering whether you want the decision over the disposition of your wealth to be decided by a court.
I was reading a recent article that discussed the challenges that Harley Davidson is coming up against from a strong dollar and weakening demographics. Now, you wouldn’t be able to tell by looking at the stock price – it’s up 30 percent in the past 12 months. But as I read the story, two things came to mind and let me address these one at a time.
It has taken a while to get the U.S. energy patch back on the mend. But there’s no mistaking what is happening now. Reserves are up, mergers are increasing and drilling is going strong in all the shales. While it’s impossible to call a top or a bottom until you’re farther down the road, energy stocks have ticked all the boxes indicating a rebound.
One of the most frequently asked questions by investors these days seems to be: How do I adjust my portfolio for the new administration in Washington? We’re in a period of what I think is unusual uncertainty in the markets. Before considering any potential change in policies, uncertainty already was very high.
There’s a trend that has been in place for a while now, and it’s worth paying attention to. Central banks around the world are dumping their U.S. Treasuries at record levels. Let me take you back a little bit to the root of the problem.
Don’t count on the recovery going on in the energy patch. I’m not saying that because I think the oil industry is going to dry up again in the U.S. It’s that the recovery in the energy sector is going to look a lot like it has across the rest of the U.S. economy since the financial meltdown.
Many people begin the year setting expectations for the next 12 months. In the financial circles, people tend to set expectations for themselves, the economy and the markets. If you like to make forecasts, or want to assess the forecasts of other prognosticators, here are some guidelines to consider.
The Trump Age has now officially begun. But the thing about watching the markets is, you have to be somewhat agnostic about politics to be successful. You can’t count on the politicians you like to make you money any more than you fear the politicians you don’t like will cost you. The fact is, that kind of attitude costs you.
We hear about “market disruptors” and “megatrends” all the time, but most are interesting fads or never pan out for one reason or another. There are 17 of these elements that are crucial to our modern world, from mobile phones to computer chips to telecommunications. And demand for them is growing.