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The Scottish poet and journalist Charles Mackay wrote 180 years ago about the “popular delusions and the madness of crowds” — how “whole communities suddenly fix their minds upon one object, and...
President Trump managed to send global stock markets reeling with just a couple of tweets late Sunday evening. In those commentaries, he threatened to more than double tariffs on $200 billion in...
I’m a big movie fan, so I can recall many famous scenes at a moment’s notice. But one that’s at the top of my all-time favorite list comes from “Braveheart.” The 1995 film stars Mel Gibson, and...
Markets Sink, Then Surge (Again). Volatility Soars (Again). Is There a Message Here? In January, the S&P 500 jumped almost 6% and all the averages hit new record highs. Then a few days later,...
It may be after Oct. 31, but the Halloween indicator is just beginning its six-month run. The indicator — also known as the Halloween strategy or Halloween effect — is based on the principle that...
One theory argues that at some point, higher interest rates start boosting the economy, and we may be there now.
Banking may be the single-most important industry for any economy. Without strong, liquid, loan-making banks, capital flows would slow dramatically and the economy would grind to a halt. That’s...
This is important. So, let me repeat that question: What’s better than a big bull market in gold? It’s a big bull market in gold with a nice little pullback to give you an ideal entry point! ...
The reality of book selling today, is many readers prefer to get their reading material on electronic devices, whether it’s actual text or an audio book. This means more and more readers don’t...
Niall Ferguson is a senior fellow at the Hoover Institution at Stanford University. He’s been a professor of history at Harvard, New York University and at the University of Oxford. His books...