US Corporate Earnings Getting Worse, Stocks Still Very Overvalued

Corporate earnings are in a recession and are on track to report their third quarter of decline. Despite the recent drop in the stock market, the majority of stocks are still vastly overvalued. I previously highlighted the disconnect between stock price and earnings last year (Stock Valuation = 1929 and 1999). From that post I would like […]

US Companies Now Report Earnings With Smoke And Mirrors

Many US companies are now using a legal smoke and mirrors accounting practice to positively manipulate their earnings reports. In the past companies would announce their earnings under what’s known as GAAP (generally accepted accounting principles). Then at the back of the earnings report you would then find their ‘adjusted’ or ‘pro-forma earnings’. These adjusted earnings exclude items that a […]

Timeline: The March to a Billion Users

By JEFF DESJARDINS at The Money Project HOW LONG DID IT TAKE FOR EACH APP TO HIT THE 1B MARK? With approximately 3.3 billion people now using the internet, how hard can it possibly be to reach one billion of them each month? It turns out that it’s quite a challenge. Apple, the largest company […]

Stock Market Super Death Crosses – Signalling Coming Crisis?

The super death cross is a rare event, it usually only occurs once or twice a decade and it has always been associated with crisis. When a faster moving average crosses below a slower moving average it is sometimes referred to as a ‘death cross’. It is called so because it usually signals the trend has […]

Getting Rid of Big Currency Notes Could Help Fight Crime

By THE EDITORIAL BOARD at the New York Times, February 22nd 2016 Few Europeans use the 500-euro note, and most Americans rarely encounter the $100 bill. Yet hundreds of millions of these notes are in circulation around the world, where they are often used by drug cartels, corrupt politicians, terrorists and tax cheats to evade law […]

Why a Brexit Could Be a Losing Proposition for Everyone

By JEFF DESJARDINS at The Money Project Why a Brexit Could Be a Losing Proposition for Everyone After two days of intense negotiations, British Prime Minister David Cameron has proposed a new agreement that could allow Britain to stay in the European Union. Although not all of his demands were met in full, the potential […]

Gold Enters Official Bull Market

Yesterday marked a very important day for gold with it entering an official bull market. There are various definitions of a bull market, so it can be debated. One signal of such a transition, which we got yesterday, occurs when the exponential 50 day moving average crosses above the exponential 200 day moving average. On the […]

Commodities: To Short, or Not to Short?

By JEFF DESJARDINS at The Money Project COMPARING “DOGS OF THE DOW” INSPIRED STRATEGIES OVER THE LAST DECADE Over the last week, we have received a wide variety of reactions from our audience regarding the Periodic Table of Commodity Returns that we published last Thursday from our friends at U.S. Global Investors. The most interesting […]

Gold’s Biggest Winning and Losing Streaks

By JEFF DESJARDINS at The Money Project Gold has started 2016 in “hot” territory. Up 5% in just under a month, the yellow metal is one of the only bright spot shining in a sea of market volatility. However, a 5% rise over the course of a month is nothing for gold. Since it began […]

Currency and the Collapse of the Roman Empire

By JEFF DESJARDINS at The Money Project At its peak, the Roman Empire held up to 130 million people over a span of 1.5 million square miles. Rome had conquered much of the known world. The Empire built 50,000 miles of roads, as well as many aqueducts, amphitheatres, and other works that are still in […]