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Americans Too: IMF Warns Record US Household Debt Is ‘Economic Trap’

Americans Too: IMF Warns Record US Household Debt Is ‘Economic Trap’

The International Monetary Fund devotes two chapters of its latest Global Financial Stability Report to the issue of household debt and points out: High household debt levels deepen and prolong economic recessions. US household debt is back at pre-Great recession levels hitting $12.84 trillion in the second quarter of 2017. The report offers this flowchart of the […]
GBP/USD Remains Capped By 1.3200 Hurdle Ahead Of U.K. 3Q GDP Report

GBP/USD Remains Capped By 1.3200 Hurdle Ahead Of U.K. 3Q GDP Report

EUR/USD pares the decline from earlier this week, with the exchange rate at risk of facing range-bound conditions ahead of the European Central Bank (ECB) meeting on October 26 as President Mario Draghi and Co. appear to be on course to wind down the asset-purchase program. The Governing Council is widely expected to move away from its […]
Why The King Of Debt Is So Wrong!

Why The King Of Debt Is So Wrong!

Donald Trump has always reminded anyone who would listen that he is the “King of Debt”. Given his record at the 271-day mark in the Oval Office, we can’t but wholeheartedly agree. The Donald’s Treasury Department has borrowed an average of $95 million dollars per hour on a 24/7 basis ever since inauguration day! As Senator Dirksen famously said, pretty […]
How Much Of Our Discord Is The Result Of The “Engagement” Advert Revenue Model Of Social Media?

How Much Of Our Discord Is The Result Of The “Engagement” Advert Revenue Model Of Social Media?

The goal of maximizing profits for shareholders by any means available incentivizes discord as the primary source of profits. Few would deny that social discord is rising. The proposed causes range from wealth/income inequality to the rise of polarizing political ideologies and the Trump presidency. A few commentators are starting to question the role of social media in […]
NZD/USD Back In Downtrend, Crude Oil Testing Neckline-Elliott Wave

NZD/USD Back In Downtrend, Crude Oil Testing Neckline-Elliott Wave

We have seen some nice breakdown on NZD/USD last week, a push below two-year-old trendline support which means that pair can be in a new bearish cycle. We are tracking an impulsive decline, meaning that weakness is expected to stay here until we see a big five wave drop from 2017 high. It’s a long […]
The Mother Of All Breakouts Still In Play

The Mother Of All Breakouts Still In Play

Short-Term View The NYSE Composite stock index traded near the bottom of the orange box shown below in 2013 and 2016. The index visited the top of the box in 2014, 2015, and again in late 2016, before breaking out. A successful retest of the breakout occurred earlier in 2017. Fractals Are Key Since markets […]
FANG Stocks Suffer Longest Losing Streak Since Election As Earnings Hopes Slide

FANG Stocks Suffer Longest Losing Streak Since Election As Earnings Hopes Slide

The so-called FANG group of stocks (FB, AMZN, NFLX, GOOGL) fell for the fifth day yesterday – the longest losing streak since right after the election. Worst 5-day drop in almost 4 months, sliding back to 3-week lows… NFLX is the biggest loser in the last 5 days (down 5%) and while TSLA is not in […]
Lilly (LLY) Beats On Q3 Earnings, Explores Sale Of Elanco

Lilly (LLY) Beats On Q3 Earnings, Explores Sale Of Elanco

Eli Lilly and Company (LLY – Free Report) reported third-quarter 2017 adjusted earnings per share of $1.05, which beat the Zacks Consensus Estimate of $1.03 per share by 1.9%. Earnings rose 19% from the year-ago quarter backed by volume driven pharma sales growth and higher operating profits. Revenues Beat Quarterly revenues of $5.66 billion also beat the Zacks […]
Broadridge Financial Solutions: A High Quality But Often-Overlooked Dividend Growth Stock

Broadridge Financial Solutions: A High Quality But Often-Overlooked Dividend Growth Stock

Sometimes, the most boring, under-the-radar businesses prove to be the best long-term investments, and Broadridge Financial could be one of them.  In fact, Broadridge was called “the most important firm on Wall Street that you’ve never heard of” by Dick Grasso, the former CEO and chairman of the New York Stock Exchange. Paying higher dividends […]
Morning Call For Tuesday, Oct. 24

Morning Call For Tuesday, Oct. 24

OVERNIGHT MARKETS AND NEWS Dec E-mini S&Ps (ESZ17 +0.13%) this morning are up +0.10% and European stocks are up +0.19% on signs that the global economic expansion will continue after European manufacturing activity this month unexpectedly accelerated. The German 10-year bund yield rose to a 2-week high of 0.476% and EUR/USD strengthened after the Eurozone Oct […]