In the game of overproducing oil while its price is nearing rock-bottom, there are no winners. But in a prolonged low-price environment for crude oil where everyone loses out financially, sometimes you have to feel the heat before you reap the rewards.
We have said many times that the bloated U.S. stock market was bound for a correction. Now as the stock market crash unfolds, many companies have seen their share prices dropping to 52-week lows. But sometimes this is just a sign of Mr. Market overreacting, and smart.
As energy rates continue tumbling down, oil price forecasters are looking for something—anything—to provide some shred of hope for a recovery.
But crude oil no longer found itself alone as it declined this week. Global exchanges began crashing, prompting.
Gold prices go up when uncertainty rises. As it stands, there’s an abundance of it in the global economy.
There are at least three major issues that are haunting investors globally; economic slowdown in China, threat or outright currency devaluation in the emerging.
One of Donald Trump’s more contentious Presidential platforms is his call to deport all anchor babies and their parents. The term anchor babies refers to the idea that children born in the United States to non-citizens (and more often than not, illegal aliens).
China’s stock market crash has left the global financial system teetering on the verge of a meltdown, and it has the folks on Main Street worried.
According to Google Trends, Americans are searching more for “economic collapse” now than at any point since the.
Congress and the Federal Reserve have created a massive stock market bubble that risks plunging the world into a complete economic collapse in 2016. At least, that’s the opinion of former Congressman Ron Paul.
“Socialism fails always.
Despite being abandoned by the mainstream financial world, one country has been quietly stockpiling massive quantities of gold—China.
In June, Chinese gold imports from Hong Kong rose 58%, indicating strong demand in the world’s top bullion consumer. Net.
Forget about higher interest rates. To starve off an economic collapse, the Federal Reserve may have to resort to another round of quantitative easing. At least, that’s according to famed investor Peter Schiff.
“Catastrophe” is a great word to describe Monday’s trading, but nowhere else has the pain from the stock market collapse been felt worse than in the oil and gas sector.
West Texas Intermediate (WTI) dropped to $38.51 on Monday, after diving to $37.75.
Immediate term outlook:
The bear market rally in stocks that started in March 2009, extended because of unprecedented central bank money printing, is coming to an end. Gold bullion is up $1,000 an ounce since we first recommended it in 2002 and we are still bullish on the physical metal.
Short-to-medium term outlook:
World economies are entering their slowest growth period since 2009. The Chinese economy grew last year at its slowest pace in 24 years. Japan is in recession. The eurozone is in depression. With almost half the S&P 500 companies deriving revenue outside the U.S., slower world economic growth will negatively impact revenue and earnings growth of American companies. Domestically, America’s gross domestic product grew by only a meager 2.3% in the second quarter, which will negatively impact an already overpriced equity market.
Estimates Aug. 27, 2015
Trailing 12-month EPS for Dow Jones companies (Most Recent Quarter)