Are US stocks more overvalued than at any other time except 1929 or 1999? Or are they even more expensive? Or are they reasonably priced, as so many media commentators and Wall Street strategists contend? The answer sort of reminds me of the old story of various people applying to be hired as an accountant at a certain firm.
Life is full of ironies and there may be no more vivid example of that today than in the oil patch. Wouldn’t it be the height of irony if the radical shift by the automotive industry toward electric vehicles (EVs), and away from internal combustion engines (ICEs), created the next oil price surge into triple digits? Sound crazy? Please allow me to explain…with a lot of help from a kindred spirit, the keen minds at the investment research firm Macro Ops.
In August 2017, we gave our readers a unique opportunity to hear about the future of retail from Nordstrom’s Co-President, Erik Nordstrom. This week, we are bringing another exciting opportunity to hear from Rick Davidson on the future of the residential real estate market. Rick is a 30-year real estate industry veteran who retired from his position as President and CEO of Century 21 Real Estate in April 2017.
Most coverage of the mounting US-China strategic tensions has focused on tariff threats. Equally significant are moves by the US to choke off Chinese investments in the US technology sector. These moves are part of a strategy to ensure that China can’t catch up to the US in critical technology fields by buying, or buying into, cutting-edge American firms.
At the beginning of 2018, we initiated a new EVA series titled “Bubble 3.0” with excerpts from my upcoming book (tentatively titled “Bubble 3.0: How Central Banks Created the Next Financial Crisis”).