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Welcome to Money Morning - Only the News You Can Profit From.


How to Profit From Wall Street's Biggest Gaffe in Decades

I was perusing the newswires a few weeks ago when the following Reuters news story headline all but physically grabbed my attention.

It stated: “Exclusive: Morgan Stanley Rebuilds in Commodities Trading.”

Most folks probably looked at this and tossed it off as just another of the endless machinations of Wall Street.

But I knew better.

  • Three Charts Obama Hopes You'll Never See Today I'm going to show you three charts Obama hoped you'd never see. Brace yourself. You're about to get a very different view of the "recovery" picture that the administration keeps painting for us. This one, for starters, is accurate. It also explains why incoming Fed Chair Janet Yellen can't cut stimulus, which is one of the reasons you have an opportunity to make some money here... especially if you follow my "mid-December plan." More on that in a minute. Let's start with the charts... The White House positively hates this first one...
  • Currency Trading Today: Follow the FOMC to Profits Currency drawing small Another FOMC meeting is in the books, and to no one's surprise they decided to stay the course. That will weaken the U.S. dollar, which definitely has its risks, but can deliver profits for currency traders who know how to play it. This window of opportunity won't stay open for long, however...
  • Will United States Debt Holders Bail on Treasuries? afraid looking businessman

    Since the mid-1990s, China and a host of other foreign governments have quietly acquired one-third of all United States public debt. Foreign holders of United States debt held more than $5.6 trillion in Treasury securities as of August 2013.

    But continued debt-ceiling drama in the United States is starting to change that.

  • Debt Ceiling Deal Doesn't Fix This Larger Global Issue with United States Uncle Sam debt

    Senate leaders finally hammered out a debt ceiling deal today (Wednesday) that avoided a looming potential debt default. It also reopened the government that has been shut down for more than two weeks.

    Investors cheered the news and sent stocks up 205 points, or 1.36%, today.

    While a deal solves short-term problems, it's not doing much to help the long-term nightmare.

    To continue reading, please click here...
  • What a Debt Ceiling Stalemate Will Do to the Market 10152013KFG1

    Yesterday (Monday), Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business' "Varney & Co."to make projections about what a stalemate on the debt ceiling will do to the market.

    We are a little more than 24 hours away from the day that Treasury Secretary Jack Lew has said we'll exhaust the "extraordinary measures" and go over our debt limit. But even with the impending deadline, over the last five days the market has shakily climbed, with the Dow up 2.35%, Nasdaq up 1.16%, and the S&P 500 up slightly to 1.9%.

    To continue reading, please click here...
  • This Trend in the U.S. Economy Is Putting Your Job at Risk – But Can Make You Rich Wealth Q

    The biggest, and most ignored, trend in the U.S. economy is the ongoing divide between the wealthiest members of society and the average American worker.

    Real wages are falling, while unemployment is stagnant. Politicians blame greed, but that's because class warfare is a valuable tool to gain power.

    I argue instead that disruptive technologies have accelerated this divide.

    Just recently, I noted that the U.S. wage-productivity gap has been driven heavily by the use of automation and technology in the U.S. economy, which is displacing workers at a faster pace than new jobs and job categories have been created.

    Put a different way, robots are taking our jobs.

  • Recession 2013: The Signs Don't Look Good Cloud The government keeps telling us that the economy has turned a corner, that growth is picking up, that people are going back to work, that consumers are more optimistic. But we've got cold, hard numbers that tell an entirely different story... Read more...
  • Brace Yourself: This Is What the Fed’s QE Has Done for Our Economy Along with the Fed's easy money policies came bright promises of an economic recovery. Glancing at some recent headlines, you might even think the Fed succeeded... but why not take a deeper look into the mainstream media numbers and decide for yourself?…


  • One Sure Winner as We Fight Deflation The Library of Economics and Liberty defines the Law of Unintended Consequences as such: Actions of people-and especially of government-always have effects that are unanticipated or unintended.
    Our current economic state is a perfect example. Central banks have flooded the economies, and yet the world still inches toward deflation. But for savvy investors looking at the right stats, this is an opportunity to buy one sector in particular.
    Here's a great bargain and why it's a great buy now...
  • Symptoms Don't Lie If consumer inflation data were accurately reported, it would be revealed that much of the apparent growth is an illusion. Peter Schiff explains. Read more... Read More...
  • Has Sequestration Saved the U.S. Economy? For all the griping about the sequestration, it may prove to be one of the best economic strategies we have going for the US economy.
    A pair of "austerity" economists are in the news again for an oversight in their groundbreaking research but they may be on to something all the same.
    Here's what I've uncovered...
  • The Most Dangerous Man in the World When it comes to spending or saving, it's always a contentious debate.
    But the risks are rarely as high as they are now for the US and most major industrial nations. Such fundamental economic decisions will move a country forward (or backward) for decades, not months, and can't be undone quickly.
    Some think Paul Krugman won the debate this time around, but I disagree...
  • What America's $2 Trillion Underground Economy Says About Jobs Dividend payment 1

    Doing what they can to survive in a dour job market, millions of Americans exist in an underground economy that has ballooned to $2 trillion annually.

    By "underground economy," we're talking about all the business activity that is not reported to the government, which includes a growing number of people getting paid for their labor in cash.

    That means the shadowy figures of the underground economy - the drug dealers and Mafia godfathers, for example - now have a lot more company.

  • Ending the War on Pot Would Add $20 Billion to the U.S. Economy cannabis

    So much for the war on drugs. For the first time ever, a majority of Americans now support legalizing marijuana.

    According a new report from the Cato Institute, pot legalization could inject $20 billion a year into the U.S. economy due to the tax revenue generated and savings in law enforcement costs.

    So how big is the market for market for marijuana?
  • Can Wall Street Continue to Rally Without the U.S. Economy? We haven't stepped into the Twilight Zone, but it certainly seems that way when stocks are hitting historic highs yet the economy is still so weak that the Federal Reserve is still printing money like a Third World nation.
    Can we keep this up? Is this titanic battle going to last like the decades-long Japanese recovery?
    Will stocks punch themselves out? Can slowing earnings keep stocks soaring?
    Here's my take on what I call "The Great Discrepancy."