Economist and Nobel Peace Prize winner Robert Shiller warns that the bond market may have joined the bubble territory alongside the real estate market and stocks. Ostensibly, he has hopped on the bond bubble bandwagon alongside David Stockman. Speaking in an interview with CNBC to discuss his new edition of his 2000 book “Irrational Exuberance,” […]
Archives for February 2015
Federal Reserve’s money-printing could help Apple stock soar to $1 trillion
This week, Apple made global headlines after its market value surpassed $700 billion, which made the iPhone maker the richest company in the world, even wealthier than Berkshire Hathaway, Exxon Mobil and Wal-Mart. As soon as the company’s stock kept soaring, financial experts pondered if its market cap could actually reach $1 trillion in the […]
Chart: Canada has a serious household debt problem
A report published by the McKinsey Global Institute earlier this week noted that Canada is a world leader in debt. In fact, the Great White North is only second to Greece in terms of an increase in household debt since the start of the economic crisis to the present. The Canadian debt-to-income ratio is 155 […]
Sorry, Peter Hug, gold buyers are careful not ‘crazy’
Speaking at the Inside ETF Conference last month, Peter Hug, an executive at metals retailer Kitco, called one-quarter of the physical gold buyers “crazy” because this percentage of the market thinks the world will end, an economic collapse will unfold in the United States and gold will inevitably reach $10,000. Indeed, gold is held as […]
Richard Fisher wants to change ‘secretive’ image of Federal Reserve
Federal Reserve Dallas Bank President Richard Fisher delivered his final speech as a member of the United States central bank. He spoke to a New York crowd about how the Fed should introduce a series of reforms that would help dispel the image that the Fed maintains a conflict of interest amid a revolving Washington-Wall […]