You can say this about Bitcoin: It’s the one market with enough volatility to make it interesting to talk about. We’re not surprised that after its head-spinning run, the crypto-currency topped out shortly after it made its entrance onto a larger and regulated stage, the regulated futures exchanges. Bitcoin appears… Read More
Stephen Leeb, Ph.D. is the Chief Investment Strategist of The Complete Investor and Real World Investing.
Dr. Leeb’s books have been notable for predicting the secular bull market that started in the 1980s (Getting in on the Ground Floor, Putnam, 1986); the tech stock crash and rise of real assets, including oil and gold (Defying the Market: Profiting in the Turbulent Post-Technology Market Boom, McGraw-Hill, 1999); and the surge in oil prices (The Oil Factor: Protect Yourself and Profit from the Coming Energy Crisis, Warner Books, 2004). His national bestseller, The Coming Economic Collapse: How You Can Thrive When Oil Costs $200 a Barrel (Warner Books, 2006), co-authored with Glen Strathy, outlined the biggest challenges facing the US economy, and accurately predicted the 2008 sub prime mortgage crisis as well as the vicious subsequent economic cycle requiring massive infusions of government stimulus, near zero interest rates and much higher federal debt levels. Game Over: How You Can Prosper in a Shattered Economy (Business Plus, 2009) predicted a permanent peak in global commodity production. Dr. Leeb’s eighth and latest book, Red Alert (Hachette, 2011), outlined China’s growing prosperity and the ways in which its demands on increasingly scarce resources threaten the American way of life.
Among his many speaking engagements, he has been the keynote speaker at both a JPMorgan Chase energy conference and a Royal Bank of Canada commodities conference.
Dr. Leeb received his bachelor’s degree in Economics from the University of Pennsylvania’s Wharton School of Business. He then earned his master’s degree in Mathematics and Ph.D. in Psychology from the University of Illinois in just three years, an academic record that stands to date. He is frequently quoted in the financial media, including Investors Business Daily, USA Today, Business Week, The New York Times, NPR and The Wall Street Journal. In addition, Dr. Leeb is a regular guest on Fox News, Bloomberg, CNN and Neil Cavuto.
In recent days, two major economic events, the Fed meeting and the long- anticipated passage by Congress of tax legislation, have come and gone. It’s striking how quietly and unemotionally the markets have responded. A useful way to look at this serenity is through VIX. This ratio measures market volatility… Read More
China is doing better than the West thinks. A recent study by Bloomberg concludes that Chinese corporate debt relative to EBITDA is much lower than in the U.S. Another study concludes that China may significantly understate its GDP growth. Read More
Thank goodness for a case of no surprises. Today’s quarter-percentage-point hike in the Fed funds rate was expected. So was the Fed’s projecting three more rate increases in 2018. The commentary, too, held no surprises, essentially reprising prior comments. For one, the Fed expects continued strength in the labor market. Read More
Buy to open VanEck Vectors Gold Miners ETF (NYSE: GDX) March 16, 2018 $22.50 call option. The gold-stock indicator is becoming more bullish, and warrants taking a short-term leveraged position on gold stocks via GDX. More detail about the indicators to come in a Weekly Update. Read More
The markets seem somewhat out of whack. That can mean unusual forces are at work, and these tend to be hard to quantify. For example, the yield curve – the difference between long- and short-term rates – has been flattening, which should hurt banks. Yet financial stocks have been strong. Read More