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US Budget Deficit Hits $600 Billion In 6 Months, As Spending On Interest Explodes

US Budget Deficit Hits $600 Billion In 6 Months, As Spending On Interest Explodes

The US is starting to admit that it has a spending problem. According to the latest Monthly Treasury Statement, in March, the US collected $210.8BN in receipts – consisting of $88BN in individual income tax, $98BN in social security and payroll tax, $5BN in corporate tax and $20BN in other taxes and duties- a drop of 2.7% from […]
Is Inflation Finally Moving Higher?

Is Inflation Finally Moving Higher?

Stock market volatility was front and center last week, mainly because of President Trump’s proposed tariffs and China’s retaliatory threats. Treasury bond volatility, on the other hand, hasn’t been as active. The long-term Treasury yield dropped to a low of 2.97% last week before rebounding to 3.07% last Thursday. Make no mistake: Trade war talk […]
Lots Of Noise, Little Headway

Lots Of Noise, Little Headway

Despite massive volatility on a day to day basis, it may sound hard to believe, but the S&P 500 is currently trading right where it was nearly two months ago on February 13th. You read that right, in what has been the most volatile market environment in at least a couple of years, the S&P 500 […]
Zuora Inc. Strives For Growth In Billing Software

Zuora Inc. Strives For Growth In Billing Software

Enterprise subscription management software is pretty boring. But the world is shifting from purchase to subscription. Every company now wants “continuous customer relationships” and consumers love subscriptions. In many ways, the subscription economy isn’t new. Even cars were often leased versus bought but they were still treated as an asset. Companies like Zipcar took it […]
The Markets Are Slaves To The News Cycle

The Markets Are Slaves To The News Cycle

John Rubino joins me today to share his thoughts on the markets. These markets are simply reactive to the news cycle which has caused historic volatility this year. We address some of the longer term trends for the USD and gold. (Audio length 00:13:01)
Gold’s Brick Wall

Gold’s Brick Wall

For the past four years, every time gold hit the 1350-1370 level or so, it is turned down sharply. Yesterday, gold surged nearly $24 intraday. John Rubino at Dollar Collapse noted Gold Tests Resistance – Again, posting a similar chart. A monthly gold chart provides much needed context. Gold Monthly What Have You Done For Me […]
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                        Trading Wells Fargo Around Earnings

E Trading Wells Fargo Around Earnings

Wells Fargo (WFC) is expected to report earnings Friday before market open. The whisper number is $1.11, four cents ahead of the analysts’ estimates and showing confidence from the WhisperNumber community.  A year ago the company reported earnings of $1.00, six cents ahead of the whisper number. WFC has a 41% positive surprise history (having […]
Trump And China Are On The Same, Wrong Side

Trump And China Are On The Same, Wrong Side

MIAMI – This week, we’ve been exploring how mock battles can go wrong. In one corner, we have The American Dreamer: the Blond Bombshell himself, Donald J. Trump. In the other, there is Xi Jinping of the Great Red Hope, determined not to be the Last Emperor of the Middle Kingdom. Like pro wrestlers, the […]
Top 5 biggest financial scandals of all time

Top 5 biggest financial scandals of all time

When millions, or even billions, of dollars are up for grabs, some individuals are willing to play dirty to get their hands on them. Below, World Finance examines five of the biggest financial scandals ever to take place. Charles Ponzi In 1919, Charles Ponzi, an Italian immigrant living in Boston, came up with a scheme […]
Bed Bath And The Bomb

Bed Bath And The Bomb

The more recent top is creating a much better fall than the prior one: