Given the presumed 17% expansion of the global economy since 2009, the tiny increases in production could not possibly flood the world in oil unless demand has cratered. The term Black Swan shows up in all sorts of discussions, but what does it actually mean? Though the term has roots stretching back to the 16th century, today it…
Investors and traders around the world continually search to find or increase their edge in the financial markets to boost profits. The next few months are going to be critical for investors because the number seven is now in play for the stock market. What does this mean? In magical lore seven is a magical…
I have a lot of respect for the late Milton Friedman. I really do. His unapologetic defense of the free market was–and still is–a breath of fresh air amidst the constant drone of calls for the government to “do something” to fix all of our problems, real or imagined. But on the subject of inflation–the…
This past week markets hit new highs on Wednesday, only to pull back a bit on OPEC’s decision to hold steady on production quotas. OPEC is in crisis because two of the three biggest oil producers—Russia and the United States—don’t participate in its market rigging activities. With Russia buffeted by sanctions and desperate for revenues and…
Although they are still among the top ten in total gold holdings, Switzerland has been one of the largest sellers of gold among official entities since 1993. It is no surprise then that the people of Switzerland have taken to a referendum to provide their opinions on this to the Swiss National Bank. With regard to…
