Mark Skousen
Why Stocks Skyrocketed After the Election
Talk about a crazy election night. On Tuesday night, the voting swung from Biden to Trump and back to Biden. We witnessed the fleeting thrill of victory… and the agony of defeat. The election betting odds saw those who bet on Trump suddenly make millions, and then hours later, they were wiped out The polls, […]
2020: A Turning Point in America?
“The outlook for stocks, gold and the dollar is positive as we enter 2020 but beware of a ‘black swan’ event that could derail the longest-running bull market in history.” — January 2020 prediction in Forecasts & Strategies. My prediction of a “black swan” event has generated a lot of interest by investors and the media this year. It […]
Caught on Video: Kevin ‘The Shark’ O’Leary Takes on Whole Foods’ John Mackey
“Business has only one purpose, to make money. If you want a friend, buy a dog!” — Kevin O’Leary Which should business leaders and entrepreneurs focus on: the bottom line (profits) or achieving a higher purpose — the good, the beautiful, the heroic? The best debate on this subject was held at last year’s FreedomFest between John Mackey, the CEO […]
Wall Street Catches Auction Fever — You Can Profit
“Auction theory is one of the economics’ biggest success stories.” — Paul Klemperer, Oxford University Earlier this year, in my class at Chapman University, called “EconoPower,” I auctioned off a jar of pennies to my students. They were to bid on the jar, making sure they didn’t offer to pay more than the number of pennies […]
The Economy is Doing Better Than We Thought
“GDP is like an X-ray of the economy; Gross Output (GO) is like a CAT-scan!” — Steve Forbes The Wall Street Journal ran my op-ed over the past weekend with the headline: “New Stat Augurs Well for Covid Recovery: Gross output measures business confidence better than GDP. It’s fallen less than in past recessions.” This is the third time the Wall […]
Danger Ahead: Will We Have a ‘V-Shaped’ Recovery or a ‘K-Disaster’?
In Tuesday’s political debate, an issue came up. Will we have a “V-shaped” recovery or a “K-disaster”? President Donald Trump said that he expects the economy to continue to recover, and for the stock market to head higher, resulting in his reelection. It may be wishful thinking. His opponent, former Vice President Joe Biden, compared […]