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The Fiscal Impact Of Mass Immigration On U.S. And European Taxpayers

The Fiscal Impact Of Mass Immigration On U.S. And European Taxpayers

A year ago, I shared with you my thoughts on the immigration crisis, both here in the U.S. and Europe. At the time, there was speculation that international bad actors may be at least partially to blame for the record numbers of immigrants pouring across the U.S. Southern Border and arriving by boat in Southern Europe. Below is […]
Bitcoin Price Drops Below $64K Amid Fears Of A BOJ Rate Hike

Bitcoin Price Drops Below $64K Amid Fears Of A BOJ Rate Hike

Image Source: Unsplash In recent weeks, Bitcoin price has experienced significant volatility, culminating in a notable drop below the $64,000 mark after a bullish attempt that saw it surge above $66k.Notably, this decline, which has seen Bitcoin’s price tumble by over 3% in just 24 hours, can be attributed to a combination of factors, including a […]
Cochrane On Interest Rates And Exchange Rates

Cochrane On Interest Rates And Exchange Rates

In my recent book entitled Alternative Approaches to Monetary Policy, I described two different low interest rate monetary policies, one expansionary and contractionary: Because of the interest parity condition, we know that these are both low interest rate policies.International investors will accept a lower interest rates in safe assets located in countries where the currency is […]
“More Measured Approach” To Rate Cuts Needed, Says Fed’s Bowman

“More Measured Approach” To Rate Cuts Needed, Says Fed’s Bowman

Image Source: Pexels When the Federal Open Market Committee (FOMC) voted two weeks ago to lower the federal funds rate by 50 basis points, there was one FOMC member, Fed Governor Michelle Bowman, who voted against it.Dissenting votes on the FOMC are rare, particularly by Fed governors like Bowman, as the committee has historically strived for […]
Wall Street Logs Best September Since 2019

Wall Street Logs Best September Since 2019

Stocks wrapped up September in style, with the Dow and S&P 500 scoring record closes to end the month. All three major benchmarks bucked seasonal headwinds to finish September in the black for the first time since 2019. The blue-chip index and S&P 500 have now rattled off five-straight monthly wins. The three indexes also nabbed quarterly […]
Gold (XAU/USD) Commodity Elliott Wave Technical Analysis

Gold (XAU/USD) Commodity Elliott Wave Technical Analysis

Image Source: Unsplash Gold Elliott Wave AnalysisGold has been retreating in the final days of September after hitting yet another fresh all-time high. The current impulse wave cycle, which began in October 2022, appears to be ongoing, suggesting that after this pullback finds support, further rallies could follow.Daily Chart AnalysisFrom an Elliott wave perspective, the daily chart shows that Gold […]
10 Most Heavily Traded ETFs Of Q3

10 Most Heavily Traded ETFs Of Q3

  ↵Image Source: Pixabay The ETF industry saw explosive growth in the third quarter, piling up huge assets amid the stock market surge. This resulted in enough liquidity in the ETF world, with most funds trading at extremely high volumes. Volume can be determined by the number of shares traded in a particular period. High trading volume […]
Housing Downturn Intensifies With Motivated Sellers

Housing Downturn Intensifies With Motivated Sellers

Nationally, the supply of new one-family homes in America (shown below since the 1960s) has only been higher in the 2005 housing bubble peak. As more existing homes come on the market from stretched households and investors, home supply is rising in most areas. The median price of a new single-family home fell by 4.6% […]
Trends Up, Bull On, Risk High (Macro Discussion)

Trends Up, Bull On, Risk High (Macro Discussion)

Image Source: Pexels I’d like to go back to one of my favorite charts illustrating the macro situation of 2024. While some are giddy (the casual public “playing” a stock market that always goes up, eventually), some are pissed (those who have staked their marketing schemes, and thus their reputations, on a perma-bearish view) and some are bewildered (mainstream […]
Another Inflationary Match Lit

Another Inflationary Match Lit

Image Source: Pixabay As the market settles into the Fed’s new round of monetary stimulus, I’ve been warning that a return of inflation cannot be ruled out in the near future.Last week, I noted how the energy sector (XLE) perked up and claimed the one-week leadership position in the sector performance rankings.But this week, there’s another […]