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Keith Fitz-gerald media

Why Fed Vice Chairman Stanley Fischer's "Statement of the Obvious" Is Infuriating

Today (Monday), Fed Vice Chairman Stanley Fischer conceded in a speech in Stockholm, Sweden that global recovery and growth have been "disappointing" since the Great Recession hit in 2007. Janet Yellen's No. 2 went on to warn listeners that these so-far weak economic recoveries may point to a permanent downshift in the world's top economies like the United States, China, Germany, and others.

Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business'"Varney & Co."this afternoon to weigh in on Fed Vice Chairman Fischer's comments.

Watch the video to find out why Fitz-Gerald called Fischer and the Fed "delusional"…

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Trend Watch

Our Take on Carlos Slim's Three-Day Work Week

Mexican business magnate and second-richest person in the world (behind former Microsoft CEO Bill Gates) Carlos Slim hit the headlines yesterday (Monday) when he shared a radical theory about revolutionizing the work week.

Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business' "Varney & Co."for a roundtable discussion on Carlos Slim's proposal.

Here's what Carlos Slim suggested, and the debate he sparked…

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Alibaba

How to Play Alibaba Stock Following Historic IPO

Alibaba stock will most likely hit the market in September, following one of the largest initial public offerings in history.

Alibaba Group Holding Ltd. (NYSE: BABA) could raise upwards of $20 billion in its public offering, and the high-level Chinese officials who own stake in the company are in for a huge payday when it goes public.

But will retail investors find profits in Alibaba stock as well?

Money Morning's Chief Investment Strategist Keith Fitz-Gerald joined FOX Business' "Varney & Co." yesterday (Monday), and told viewers how he would play BABA stock when it hits the market.

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Precious Metals

What's Behind Gold Prices' Biggest Daily Drop of 2014

Gold prices today (Monday) fell sharply by 2.3% for the biggest one-day drop of 2014.

U.S. gold futures for August delivery were down $30.70 at $1,306.70 an ounce – their biggest one-day drop since December. Spot gold fell $33.50 at $1,305.50 an ounce. The sell-off happened quickly following the Comex futures market open in early U.S. trading according to Kitco, suggesting a big sell order hit the futures market at that time.

Read the article to view our new gold price chart that reflects the sell-off, and watch our Chief Investment Strategist Keith Fitz-Gerald breakdown what was behind today's drop...

Stock Market Today

Dow Jones Today Hits Record High as Stocks "Just Want to Go Up"

The Dow Jones today hit another all-time high when it touched 17,088.43 in early trading this morning (Monday).

On FOX Business' "Varney & Co." today, host Stuart Varney asked Money Morning's Chief Investment Strategist Keith Fitz-Gerald if "stocks just want to go up," and why that may be the case.

Fitz-Gerald told viewers why U.S. stocks keep touching record highs even when some experts have declared the rally dead…

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U.S. Economy

To Gauge the U.S. Economy's Health, Heed the Call of CEOs – Not Central Bankers

The U.S. Federal Reserve released its minutes from June's Federal Open Market Committee (FOMC) meeting yesterday, revealing that the central bank was going to follow the same script of tapering bond purchases and remaining coy on interest rate hikes.

In the following video, Fitz-Gerald discusses which industries are positioned well despite the uncertainty caused by the Fed, and names companies with solid fundamentals. Take a look at these top picks.

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Dow Jones Today

Dow Jones Above 17,000 – but "the "Pendulum Swings Violently"

On Thursday afternoon, Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on CNBC's"Closing Bell"for a roundtable discussion of the Dow Jones Industrial Average, which had just shattered 17,000 points.

But the sheer duration of this bull market – which has now lasted more than 1,000 days -suggests a correction could be in store for the Dow and other U.S. markets. Further jobs data was also a cause of concern. June full time jobs dipped by more than 500,000, while part time jobs rose by 800,000 – the most since 1993.

Watch the following video for Fitz-Gerald's investing insight on the best market moves to make now to prepare.

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Housing Market

Don't Let May's Surge in the U.S. Pending Home Sales Index Fool You

Yesterday (Monday), Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business' "Varney & Co."to talk about the record-breaking U.S. Pending Home Sales Index numbers that were released the same day. According to the National Association of Realtors (NAR), its U.S. Pending Home Sales (PHS) Index increased 6.1% in May to 103.9.

Despite the jump, Fitz-Gerald disagreed with the notion that the housing market is coming back – and he's got the numbers to back it up…

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Gas prices

Gas Prices to Reach $5 This Summer?

Yesterday (Monday), Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business' "Varney & Co."to talk about Iraqi terrorism's effect on gas prices.

"I think the world is underestimating the impact here," Fitz-Gerald said of the ISIS' looming effect on gas prices.

Watch the video to see what location Fitz-Gerald is the most worried about.

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