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Lira Tumbles After US Reportedly Refuses Visa For Turkish Minister Delegation

Lira Tumbles After US Reportedly Refuses Visa For Turkish Minister Delegation

The Lira is down over 1% following Bloomberg reports from CNN TURK that Washington has declined to issue a visa to a delegation from Turkey’s Justice Ministry. #SONDAKİKA: ABD, Türk Adalet Bakanlığı heyetine vize vermedi https://t.co/9pfeJqDSQD pic.twitter.com/PFlSjgxszn — CNN Türk (@cnnturk) October 24, 2017 There was a last-minute development in visa tensions between Turkey and the United […]
Helios And Matheson Jumps As MoviePass Exceeds Initial Projections

Helios And Matheson Jumps As MoviePass Exceeds Initial Projections

Shares of Helios and Matheson Analytics (HMNY) jumped in morning trading after the company said its MoviePass theater subscription services surpassed over 600,000 paying monthly subscribers this month. MOVIEPASS EXCEEDING PROJECTIONS: Helios and Matheson, a majority owner of MoviePass, said this morning that the subscriber base for the movie theater subscription service surpassed 600,000 paying […]
How Trump Will Change The Fed Forever

How Trump Will Change The Fed Forever

Federal Reserve officials like to say the Fed is above politics. It’s even designed to be that way. The Board of Governors of the Federal Reserve System supervises the Fed. Individual governors vote on changes in interest rates and other policy decisions. Governors serve 14-year terms. One term expires every two years. That prevents any […]
Money Velocity: Historic Upturn Nears

Money Velocity: Historic Upturn Nears

“The Federal Reserve and other central banks have piled up huge reserves. But there is no inflation because the money is sitting within the banks and they are not lending it. Therefore, you don’t get a multiplier effect.” -Pierre Lassonde, gold expert, interviewed by Finanz and Wirtschaft News, October 2017. Because the world’s major central banks […]
Crude Oil Gains As OPEC Plans To Extend Production Cuts

Crude Oil Gains As OPEC Plans To Extend Production Cuts

Global oil prices gain on Tuesday following the news of OPEC planning to extend production cuts and work on a viable exit strategy. Brent crude oil gained 0.52 percent to $57.57 a barrel at 03:03 p.m. Nigerian time. While the West Texas Intermediate oil rose 0.77 percent to $52.30 a barrel, up from 38 cents. In […]
Free Trade Is Awesome, But It Has A Dark Side

Free Trade Is Awesome, But It Has A Dark Side

If you think economics is boring, bring up “free trade” and see what happens. I guarantee sparks will fly. Some people preach free trade’s many blessings. Others curse the very idea, insisting free trade hurts honest working people. Lately, this has become more than a theoretical argument. President Trump came into office pledging to renegotiate […]
Pigs (Piggy Banks) Are Flying High And Breaking Out

Pigs (Piggy Banks) Are Flying High And Breaking Out

Some question if “Pigs Can Fly.” I don’t know if they can or can’t, of late though, Piggy Banks are flying high and breaking out. We have highlighted positive bank patterns of late and three weeks ago we shared that the banking sector was sending bullish signals and Regional Bank ETF (KRE) looked like they were ready […]
Caterpillar Inc Shares Surge Following Strong Q3 Earnings

Caterpillar Inc Shares Surge Following Strong Q3 Earnings

Caterpillar Inc (NYSE: CAT) Caterpillar Inc is raging in the premarket following a strong Q3 earnings release along with upbeat guidance that topped analyst expectations. Shares are currently up nearly 7.8% and are looking to open up at all-time high in the $140 range. The company announced earnings per share of $1.95 compared to $0.85 for the […]
Popular Bear Thesis Creates Probabilistic Opportunity, Francesca’s

Popular Bear Thesis Creates Probabilistic Opportunity, Francesca’s

Francesca’s holdings (FRAN) is a specialty retailer with 671 boutiques in 48 states. E-commerce reports 7% of sales. Revenue by product broken down as follows; Apparel 49%, Jewelry 23%, accessories 15% and Gifts 13%. More specific, Apparel 49% (Dresses, Fashion Tops, Sweaters, Cardigans and Wraps, Bottoms, Outerwear and Jackets, Tees and Tanks, Intimates): Jewelry 23% (Necklaces, Earrings, Bracelets, Rings): Accessories […]
The FOMC’s November 1st Meeting Conundrum

The FOMC’s November 1st Meeting Conundrum

What Is The Conundrum? The Federal Reserve has been very clear through its’ forward policy guidance that it will slowly increase the Fed Funds Rate. “Slow” should more appropriately be described here as at a “Glacier Pace”! Additionally, the Fed plans to gradually reduce the central banks’ balance sheet at a slowly increasing rate. A rate […]