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Market Talk – July 12, 2019

July 12, 2019

ASIA: White House trade advisor Peter Navarro said that investors should take the news regarding the trade deal with a pinch of salt. “My advice for investors is to be patient with the process and don’t believe anything you read in either the Chinese or the U.S. press about these negotiations unless it comes from […]

Were Banker Ever Prosecuted During the Great Depression?

July 12, 2019

QUESTION: I was told that none of the big bankers during the Great Depression went to jail either. Doesn’t the government understand that this is the very image of draining the swamp? DK ANSWER: The bankers own the reign of government from the courts to the White House. In the years that followed the 2008 […]

Why Are Equities so Disconnected from Economics?

July 12, 2019

Normally, equity valuations reflect the present value of future cash flows that are primarily a function of current cash flows, growth expectations, and then the discount rate. Most fundamentalists will look at the cash flow generation in both the short and long-term. With equity valuations at their record highs, investors, in theory, are showing confidence […]

Why Nobody Wants to Forecast the Business Cycle

July 12, 2019

COMMENT: It is fascinating how your work has been so accurate on forecasting the business cycle, yet you are probably the most ignored by the mainstream media. The only possible reason for this is that they are not interested in someone who can forecast the business cycle when the general belief is that governments can […]