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Global Markets

Global Markets

Here's an Entire Century of Popes on Economics

Here's an entire century of quotes from popes on economics. Many of them have shared this one sentiment over the decades.

It's no surprise that Pope Francis has come to America echoing his predecessors.

Have a look at one hundred years of popes and their opinions...

Global Markets

Why the EU Refugee Crisis Is a Bigger Risk to Your Money Than the Fed or China

The EU refugee crisis is considerably more dangerous than a potential Fed rate hike and much more worrisome than China's economic train wreck. This is a truly global situation, the seriousness of which is unparalleled in modern times.

You're not hearing much about how this crisis will impact global economies, but you will soon.

Here's how the refugee crisis will impact the markets, and how investors should prepare for the chaos...

Global Markets

EU Refugee Crisis Is "the Single Biggest Threat to Your Money Today"

The desperate EU refugee crisis is a humanitarian emergency, a logistical nightmare, a political hot potato, and a security risk.

But what isn't being addressed by major media outlets – yet, at least – is the refugee crisis' effect on global markets…

And investors need to prepare for what's coming.

"The migrant crisis is by far the single biggest threat to your money today," Money Morning Chief Investment Strategist Keith Fitz-Gerald said on Sept. 16. He called the situation in Europe considerably more dangerous than an impending Fed rate hike, and much more worrisome than China's economic slowdown.

Here's how the EU refugee crisis will impact the global economy - and what investors can do now to get ahead of the chaos...

Global Markets

Global Stock Markets Today Fall On U.S. Jobs Report and China Jitters

Global stock markets fell Friday ahead of the U.S. jobs report and jitters over the resumption next week of trading in China’s volatile stock markets.

U.S. markets sank on Fed rate hike fears.

Here’s what investors need to know to prepare for next week’s markets…

global economy

What to Make of the Recent UK Economic Growth Numbers

The United Kingdom looks to be getting back on track.

Recent UK economic growth numbers this week revealed that UK GDP is expected to grow 0.7% in the second quarter.

But this just shows that the UK is grappling with many of the same issues as the U.S. right now...

Global Markets in Self-Perpetuating Denial

The central bank circus was on full display this week as the Federal Reserve's Open Market Committee held a two-day meeting only to emerge with another mind-numbing series of excuses for keeping interest rates at zero when the economy is not in crisis. 

One such claim was that inflation (as measured by economists) is insufficiently high, despite the fact that the price of real-world goods and services (including gasoline again) are steadily rising. The Fed stated that it's afraid raising interest rates – for the first time in nine years by all of 25 basis points – could send the economy into a tailspin. That isn't only bad policy, it is pathetic.

Perhaps it is time we learned this one vital lesson...

Global Economy

Financial News Today: Greek Debt Talks Send Mixed Messages

Financial News Today: The Greek debt talks looked promising today (Tuesday) – for a little bit.

That was before conflicting reports and a German rebuttal pulled the rug out from under positive momentum.

But Greek debt talks are just the beginning. Here's what you need to know.

Global Economy

Greek Stocks Are Up 19% – but Don't Fall for the Rally

Recently, a chorus of voices have deemed the Greek stock market undervalued.

And while they looked to have bottomed out, Greece's new government is starting to renegotiate its debts with the Eurozone. Everything is way too fragile for Greece, and this sudden rally in Greek stocks is unwarranted.

Here's what you need to know about Greece right now, and why it's not worth your money...

global economy

Markets Are Profoundly Unhealthy Now

2014 was the best of times and the worst of times in financial markets. Stocks rallied, of course, while bond yields and commodity prices plunged. In 2014, the S&P 500 gained 13% while the yield on 10-year Treasuries dropped from 3.03% to 2.17%, and the price of oil collapsed by 50%.

And the all-important U.S. dollar rallied as other major currencies such as the euro and the yen plunged. Investors looking for a consistent message from markets had to look elsewhere.

In January 2015, a similar theme spooled out in a completely different way…

The S&P 500 lost 3% – its worst performance in a year – while Treasuries had their best month in five years, as interest rates plunged to record lows around the world. In fact, yields on government bonds in many places are negative, a profoundly unhealthy phenomenon.

Crude oil dropped for the 7th month in a row, something it did during the 2008/9 financial crisis, even after a manic rally on Friday, January 30. The U.S. dollar continued to rally for the 7th month in a row and had its best month since May 2012.

Here's what January's action means for the rest of 2015...

Global Economy

Draghi's Pain Can Be Your Gain with This $10 Stock

Many investors expect "Super" Mario Draghi's recently announced 1.2 trillion euro stimulus program to produce big market gains just like the Fed's QE did here in the United States.

What they're missing is that not all companies are going to benefit. In fact, the vast majority won't.

How do you know if the one you want to buy is one of 'em?

…because it's tied into one or more of the six unstoppable trends we're following.

That's what we're going to talk about today...