When it comes to Oil, OPEC matters, as does Oil Shale, production cuts, geopolitical risk, etc. However, the reality is that all of these are minor issues against the MAIN STORY: the $9 TRILLION US Dollar carry trade.
Drilling for...
Graham Summers
Graham Summers is Chief Market Strategist for Phoenix Capital Research, an independent investment research firm based in the Washington DC-metro area with clients in 56 countries around the world.
Graham’s clients include over 20,000 retail investors as well as strategists at some of the largest financial institutions in the world (Morgan Stanley, Merrill Lynch, Royal Bank of Scotland, UBS, and Raymond James to name a few). His views on business and investing has been featured in RollingStone magazine, The New York Post, CNN Money, Crain’s New York Business, the National Review, Thomson Reuters, the Glenn Beck Show and more.
Articles by Graham Summers
Anyone with even a cursory understanding of human nature knows that if you give someone virtually unlimited power with next to no oversight, they will quickly become despotic.
Consider what is currently happening in Japan.
Two...
Consider what is currently happening in Japan.
Two...
Janet Yellen has a BIG problem on her hands.The Fed has been tapering its QE programs to the tune of $10 billion per month or so. The problem with this is that the Fed is once again behind the curve and the markets are already smelling...
The Keynesian economists managing or advising the world’s Central Banks have always averred that they could pull us out of the weakest recovery in the post-WWII era if they were allowed to have their way.Their “way” involves rampant debt...
The big story developing in the US markets regards the sudden crackdown by regulators, most notably the SEC and Justice Department, on High Frequency Trading or HFT.For well over five years now, certain trading firms have been using high-...
The whole “recovery” in Europe never made much sense to us.We are told repeatedly that Europe has passed through the storm, that the EU economy and financial system are on the mend, and that Europe is now the place to be investing.However...
A critical element for investors to consider is that the Fed is not forward thinking when it comes to monetary policy. Indeed, if we reflect on the last 15 years, we see that the Fed has been well behind the curve on everything.First and...
Yesterday, we warned that the Fed was playing a dangerous game with inflation.Today, we want to take note that the Fed is in fact just one of the Central Banks doing this.Indeed, in Japan inflation has already begun to take off, driven by...
In the last few months, something major has begun.That something is inflation.Regardless of what the CPI inflation measure tells you, the core items that affect most consumers’ pockets are healthcare, housing (rental or home prices), and...
Let’s start with Europe.It’s now clear that the spate of positive economic data coming out of Europe prior to the German Federal Election in September 2013 was just political gaming to get Angela Merkel back into office.The reasoning here...
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