The Truth About Bankers’ Bonuses (How You’re Getting Screwed By Banks and Government)

Above is a video I posted of a live and heated debate on Al Jazeera TV on Friday about the controversial issue of bankers bonuses. As a trader I sympathise with my colleague Peter Schiff that we should not have bailed out the banks and let them fail. He does have a good point that [...]

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Dow Transports | A Warning For Stock Markets As Transports Head Lower

While most of the major stock markets have been ploughing higher this week, one key market index has not followed suit. The Dow Jones Transportation Index has in fact dropped by 4% since last week. Why does this matter? This is because the Transportation Index (or Transports) are composed of stocks that are sensitive to [...]

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Recession | Which Stage Of The Economic Cycle Are We In?

Most people assume that there are only two stages in the economic cycles: “Boom” and “Bust” – referred to as “expansion” and “contraction” by economists. This two-stage assumption is refuted by some economists who argue that we actually go through five stages: Early Expansion Middle Expansion Late Expansion Early Contraction Late Contraction

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People Can Be Poor Judges Of A Recession’s End

Psst!  Have you heard yet?  The recession has finally ended.  Yes, and it did not end just now, but actually in June 2009! As hard to swallow as this may be, such were the findings released on Monday of the National Bureau of Economic Research (NBER), an economic group whose job it is to determine [...]

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