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Goldstein On Gelt: Need More Time? How To Do More In Half The Time
Market volatility leads many investors to make a big mistake when planning their finances. Learn how to avoid the most common investing mistakes. How can you make time work to your advantage, both in your investment portfolio and life in general? In today’s interview, Jeff Sutherland, former fighter pilot and author of Scrum: The Art of Doing Twice the Work in Half the Time, shares his unique model for achieving goals quickly and efficiently. Apply this model to personal finance, and get tips on how to develop more self-discipline in your financial habits. The Goldstein On Gelt Show is a financial podcast. Click on the player below to list... -
Finance 0
Honey For Bears
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW – 177 = 16,027 SPX – 26 = 1853 NAS – 79 = 4283 10 Y – .11 = 1.74% OIL – .80 = 30.09 GOLD + 15.50 = 1190.00 This was just an ugly session from the start. The Dow opened about 200 points down and then trickled lower; at one point down more than 300 points. The S&P 500 index broke down through the key level of support at 1860 that I warned you about in January and again last week, taking out the August 2015 lows and the October 2014 lows. The S&P 500 not only took out support from January, but now we look to minor support at 1815, and then,... -
Finance 0
Futures Curve Now Suggests Far Less Recovery Than Early 2009
When the June 2018 eurodollar futures price touched above 98.50 on October 2, I thought that was an impressive bid suggesting just how much negativity had survived the August liquidations. It was interrupted by some backward optimism about China’s October Golden Week, but the eurodollar curve overall with the June 2018 maturity as a specific interaction point for monetary policy expectations against economic projection remained highly suspicious of either what the FOMC might do or what that might mean. Despite all the chatter of assured recovery and a rate hike that would initiate a series, that futures price never broke below 98. Yesterday... -
Finance 0
E A ‘Desperate Secondary Test’
A ‘desperate secondary test’ just above the January 20 lows preceding our expected ‘reflex rebound’, and ensuing decline from February’s start, is really the core message to convey about Monday’s market turnaround try. It’s dicey; has little prospects for success, and is discussed (and projected from technical perspectives) to be part of the pattern ‘process’ outlined for weeks. The reason I begin with this is unusual: despite the obvious nature of trying to hold above the preceding low (and thus seeking to avert a penetration into what I call ‘no-man’s land’ that lies ... -
Finance 0
E The Secret Minority
A recent headline from the mainstream media blared the news (stated the obvious): more than 60% of Americans don’t believe that either half of the U.S.’s two-party political system cares about the endangered species known as “the Middle Class.” How endangered is the Middle Class, in the United States and across North America, as a whole? The chart below reveals the horrifying truth. We see that in China the Middle Class (wealth deciles 4 – 7) is a broad swath of the population, and the Middle Class and upper Middle Class, combined are a clear majority, in the world’s largest population. Even in India, the Middle Class represents a... -
Finance 0
The Spook In The Casino—Recession Just Ahead, Part 1
The wise guys keep buying the dips owing to the simple proposition that there is never a lasting bear market without a recession. So after today’s blow-out we are likely to get another call to scoop up the “bargains” because the correction has run its course and the US economy is still chugging along notwithstanding the contretemps in China and other places of purportedly limited moment. Indeed, on the basis of Wall Street’s muscle memory alone there is surely another dead cat bounce on its way any day. But here’s the memo. BTFDs is not working any more and, more crucially, there is a recession coming and soon. And then the bear ... -
Finance 0
The Walking Dead: Something Is Rotten In The Banking System
A Curious Collapse Ever since the ECB has begun to implement its assorted money printing programs in recent years – lately culminating in an outright QE program involving government bonds, agency bonds, ABS and covered bonds – bank reserves and the euro area money supply have soared. Bank reserves deposited with the central bank can be seen as equivalent to the cash assets of banks. The greater the proportion of such reserves (plus vault cash) relative to their outstanding deposit liabilities, the more of the outstanding deposit money is in fact represented by “covered” money substitutes as opposed to fiduciary media. Euro area true m... -
Finance 0
USDJPY Sees Further Price Extension
USDJPY: The pair sold off further on Monday and followed through lower during early trading on Tuesday. This development leaves risk of more weakness on the cards. However, beware of a correction. On the downside, support comes in at the 115.00 level where a break if seen will aim at the 114.50 level. A cut through here will turn focus to the 114.00 level and possibly lower towards the 113.50 level. On the upside, resistance resides at the 1176.50 level. Further out, we envisage a possible move towards the 117.00 level. Further out, resistance resides at the 117.50 level with a turn above here aiming at the 118.00 level. On the whole, USD... -
Finance 0
Utility Companies: Essentials For Your Income Portfolio
I have to send them a check every month, and sometimes it gets a little expensive. But I couldn’t imagine life without them. In fact, life would be unbearable if they weren’t around. But, to be completely honest, they have returned to me much more than I have ever given to them. Not in the same way, but you know what I mean. No, it isn’t my family members. They’re a money pit of another kind. It’s my electric utility. Can you imagine life without electricity? It is unthinkable! No one (well, virtually no one) lives without it. Not in this country, anyway. And that is exactly why, for decades, utility companies were some of the most ... -
Finance 0
RandGold Surges After Quarterly Earnings, Plans For Dividend Hike
Shares of RandGold (GOLD) rallied in midday trading after the company reporting earnings for the fourth quarter of fiscal year 2015 and announced plans to increase its annual dividend. WHAT’S NEW: Before the market open, RandGold Resources reported Q4 earnings per share of 47c, down from 53c in the same period last year, and below analysts’ consensus estimates of 48c. The company said that the decline in year over year profits reflects the decline in gold price. Pretax profit for the quarter was $70.5M, while revenue was $272.09M, up from $226.32M in the year-ago period, the company said. RandGold said that production for the four...
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