Cumberland Advisors

Traveling in Europe in a diesel-powered car is now an experience in itself as you recognize that over half of the automobiles around you are poisoning the air with NOx.Europe is in upheaval over...

Those who were smart, prescient, and lucky enough determined that March 9, 2009, was the absolute bottom of the stock-market debacle during the financial crisis. At that point there was panic...

For a rapid video history of Volkswagen (OTC:VLKPY), (XETRA:VOWG) (VW) from Adolph Hitler to present, see Bloomberg, “Volkswagen's Eight-Decade Road to Disaster.” For a report of possible...

Those who were smart, prescient, and lucky enough determined that March 9, 2009, was the absolute bottom of the stock-market debacle during the financial crisis. At that point there was panic...

A friend and fellow member of the National Business Economic Issues Council points out what appears to be a puzzle in recent Federal Reserve balance sheet data, and that is a drop in reserves. Reserve...

The good news in Friday’s BLS jobs report is that the unemployment rate remained at 5.1% in September. All the rest of the report has to be disappointing, especially to Fed officials. Up until...

“Most FOMC participants, including myself, currently anticipate that achieving these conditions will likely entail an initial increase in the federal funds rate later this year, followed by a...

The biggest headline in international markets during the third quarter has been Asia, with China as the most visible actor. International market volatility in general has been tremendous, but Asian...

As the third quarter comes to an end, we observe municipal bonds, the Federal Reserve (Fed), and interest rates in the spirit of Yankees Hall of Fame catcher Yogi Berra. When you come to a fork in...

If there is one word to describe the US stock market in the third quarter, it is volatility. As we say in the business, vol was high. Will higher vol continue into the fourth quarter and next year? We...

In Sarasota, Florida, we are about to encounter a remarkable experiment. In a controversial political outcome that was completely unexpected, the city commission deregulated taxis, limos, and services...

The FOMC’s failure to deliver on its first step towards normalization of monetary policy surprised many market participants and other observers. Despite improving GDP growth prospects and...

One major investment house made news on Friday afternoon by lowering its forecast for the oil price to $20. Lots of arguments go into this forecast and most of them have been repeated ad nauseam: Iran...

The FOMC will meet on September 16 and 17 to once again review incoming data and decide whether the time is ripe to begin normalizing its accommodative monetary policy.That decision, as Vice Chairman...

Friday’s employment report, indicating that the economy added 173K jobs in August, now raises significant questions about the FOMC’s ability or willingness to rationalize a 25-basis-point...

FAQs to Consider for Labor Day Weekend.Q. The market had an abrupt 10% downdraft. Wasn’t that a warning sign? On August 26, Barclays (LONDON:BARC) published an analysis of the 10 periods of 10%...