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Europe Is Breaking Up Over Immigration: What Would Happen In Case Of A Banking Crisis?

Europe Is Breaking Up Over Immigration: What Would Happen In Case Of A Banking Crisis?

On the question of immigration, we are witnessing more and more divide within the European Union, along with virulent stances at times (to wit: the exchange of “niceties” between Macron and Salvini) or the refusal by the Visegrad group (Poland, Hungary, Czech Republic, Slovakia) to attend the immigration summit in Brussels on June 24. Different […]
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                        The Morning Track – All Nighters

E The Morning Track – All Nighters

Nothing good ever happens after midnight. Some count sheep when they can’t sleep, others count money. Perhaps Mama’s wisdom rings true for half-year end, but the EU immigration deal hashed out from an all-nighter has lifted risk appetites and the EUR. The better UK GDP and the lack of bad news on trade allows a relief rally. […]
Final June 2018 Michigan Consumer Sentiment Rose Slightly

Final June 2018 Michigan Consumer Sentiment Rose Slightly

The University of Michigan Final Consumer Sentiment for June came in at 98.2, down from the June preliminary of 99.3, but up from the May Final reading of 98.0. The Nasdaq / Bloomberg consensus range was 98.0 to 99.5 (consensus 99.0) Surveys of Consumers chief economist, Richard Curtin, makes the following comments: Consumer sentiment retreated […]
Profire Energy, Inc. Announces Pricing Of Secondary Public Offering Of Common Stock

Profire Energy, Inc. Announces Pricing Of Secondary Public Offering Of Common Stock

LINDON, Utah, June 29, 2018 (GLOBE NEWSWIRE) — Profire Energy, Inc. (Nasdaq: PFIE), announced today the pricing of a secondary public offering of 7,500,000 shares of its common stock by certain of its stockholders (the “Selling Stockholders”) at a price to the public of $3.25 per share. In addition, one of the Selling Stockholders has granted […]
We’re Gonna Need A Bigger Bailout – Argentine Peso Plummets To New Record Low

We’re Gonna Need A Bigger Bailout – Argentine Peso Plummets To New Record Low

The Argentine Peso collapsed again today – plummeting below last week’s record low to 29/USD. Desk chatter suggests that no one turned up this morning as the central bank announced it would increase its daily spot auctions to USD150mn on Thursday and Friday. Despite continued efforts by the BCRA to sell USD on behalf of the Treasury, this […]
FedEx Continues To Deliver

FedEx Continues To Deliver

FedEx (FDX) has a lot going for it. The company is surfing several powerful trends that should continue to grow for several years. 1. The biggest growth factor for FedEx is the rising purchasing power of the Millennial generation. There are over 92 million Millennials who were born between 1982 and 2000. They range in […]
PCE Price Index: May Headline & Core

PCE Price Index: May Headline & Core

The BEA’s Personal Income and Outlays report for May was published this morning by the Bureau of Economic Analysis. The latest Headline PCE price index was up 0.21% month-over-month (MoM) and is up 2.25% year-over-year (YoY). The latest Core PCE index (less Food and Energy) also came in at 0.21% MoM and 1.96% YoY. Core PCE remains […]
The 7 Biggest Bitcoin Mistakes Of All Time

The 7 Biggest Bitcoin Mistakes Of All Time

It was once said, a dumb person doesn’t learn from their mistakes, a smart person learns from their mistakes, and a genius learns from other people’s mistakes. This age-old saying rings ever true in the crypto market. Nobody’s perfect, and your Bitcoin mistakes can end up costing you big time. There are no refunds or take-backs on […]
Gold – Due For A Bounce, But How High Will It Go

Gold – Due For A Bounce, But How High Will It Go

Brien Lundin joins me today to share his thoughts on the washed out gold sector. This time of the year is closing in on a typical bounce period for gold but will it be the 10% we have seen in the past? (Audio length 00:14:15)
Investment-grade Vs. High-Yield

Investment-grade Vs. High-Yield

The US stock market is on fire. The American economy is clipping along at the best pace in a long while. Financial conditions are still easy. Not surprisingly, high-yield bond spreads are within spitting distance of recent tights (lows). This is all to be expected in an environment of economic expansion. Investment-grade not playing ball […]