Economy & Markets in Review | The long weekend is here – and if you're reading this, we hope you're doing so from a beach chair, or lakeside deck. The markets will be closed on Monday, as will the banks. So enjoy the last days of summer while you can. When you return to the real world, you can bounce back into understanding what the markets mean for the timeframe of the next big crash, as Harry has been discussing a lot over the past week. Elsewhere, Rodney has been busy breaking down what's happening to our interest income (spoiler: it hasn't been great!) and what Back to School means for your wallets. Don't need a spoiler alert on that one… Happy Labor Day, everyone! Scale the Summit Tickets are still available for Dent Research's seventh annual Irrational Economic Summit, this year taking place Oct. 10-12 at the National Harbor in Washington, DC. This year's summit features a keynote address from Ronald Reagan's Budget Director David Stockman. And of course Harry, Rodney, and the rest of the Dent Research crew will be at the lectern and around the room chatting with attendees. Get more information here. VISIT ECONOMY & MARKETS » This Week in Economy & Markets... A wise man once said that if you need to take viagra to have sex, you need to know you have a low libido. And if you need to pop a second pill, you need to know you're dead. That's how I feel about the global economy at the moment. We've been in a significant... It's that time again – back to school season – when we have to drive a little slower, watch for flashing yellow signs that signal much higher ticket costs, put down our cell phones, and try to remember the rules on when to stop for school buses (always on your side of the road and,... I noticed this cycle right away in my research in the early 1980s: Substantial stock market bottoms have come every 20 years, and major ones every 40. That 40-year cycle would correspond to the generation waves of spending that have actually peaked 39 years apart, in 1929, 1968 and 2007. Twenty years would be half... The summer of 2008 was crazy. The credit markets were frozen and the federal government put Fannie Mae and Freddie Mac into conservatorship. And there was a presidential election coming fast. That August, the Democrats made history by nominating the first black person as a major party candidate. It happened on a Thursday night, and... |
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