Reason TV had an excellent interview with Jim Grant, editor of Grant's Interest Rate Observer on the recent stock market turmoil. Grant says The Fed Turned the Stock Market Into a 'Hall of Mirrors'.
Markets around the world traded higher last night as investors celebrated the thrilling rally into the close of the US markets.
One of the things that we ought to have learned from the 2008 financial meltdown was that a growing diversion between financial markets and the economy cannot be sustained over long periods of time. And when I say long periods of time, I'm talking about periods of 10 years or more, not a two-minute Superbowl commercial.
Believe it or not, August is shaping up to be the second best month for dividends in 2015.