Category Archive: Finance, No picture
Einhorn’s Greenlight Crashes 25% YTD After 8% Drop In August
Two months ago, in our ongoing chronicle of the pain suffered by David Einhorn’s Greenlight Capital, we reported that based on interim monthly numbers, the fund had lost a massive 8% in the month of June, bringing his – and his LPs’ – total loss for the year to 19%. The reason: Einhorn got clobbered […]
Economic Data And Forecasts For The Weeks Of September 3 And 10
Here are my forecasts for upcoming economic data. Forecast Prior Observation Consensus Week of September 3 September 4 PMI Manufacturing Index – August 54.3 54.5 54.5 ISM (Mfg) – August 57.9 58.1 57.6 Construction Spending – July 0.4% -1.1 0.4 […]
USD/CAD Forecast Sep. 3-7- NAFTA Is Finally Here, Sort Of
Dollar/CAD dropped sharply on the deal between the US and Canada and also the weakness of the US Dollar. Will the trend continue? Canada’s jobs report stands out. Here are the highlights and an updated technical analysis for USD/CAD. The US and Mexico struck a deal and Canada is set to join. The C$ advanced on […]
Bulls Hold Into Labor Day
Last week, we discussed the breakout to all-time highs: “Get out your party hats ladies and gentlemen, the market closed at all-time highs on Friday finally eclipsing the January peak. After 145 days of slogging, the ‘bull market is back, baby!’” Over the last several months, we have been discussing the ongoing “pathways” leading us back […]
USD/ZAR Forecast For September 2018
Many of you may be wondering why my monthly forecast includes the South African Rand. If you are not someone who follows global events, you’re not aware of the fact that the South African government is starting to confiscate farmland from white farmers. On the other side of that equation, you have the armed militia […]
The Next Crash
September 15 will mark the tenth anniversary of the collapse of Lehman Brothers and near meltdown of Wall Street, followed by the Great Recession. Since hitting bottom in 2009, the economy has grown steadily, the stock market has soared, and corporate profits have ballooned. But most Americans are still living in the shadow of the Great Recession. […]
Dollar And Yen Strong Finish Warn Of Next Week’s Anxieties
The pullback in the dollar from the mid-August faded last week as emerging market and trade tensions resurfaced as potent forces. The outperformance of US assets in August was expected to generate dollar-sales at the end of the month, the dollar gained against all the major currencies at the end of last week. The dollar’s low was […]
Week In Review: Nearly $1 Billion In Cross-Border China Biopharma Deals
WeDoctor, Mason Group and Aldworth Management agreed to pay up to $510 million to acquire an 89.5% stake in Genea, an Australian fertility treatment company (see story). Genea’s assisted reproductive technologies are used in more than 600 clinics across 60 countries. Earlier this year, the three-company consortium formed a Hong Kong IVF clinic called Reproductive Healthcare. […]
Real Disposable Income Per Capita In July
With the release of Friday’s report on July Personal Incomes and Outlays, we can now take a closer look at “Real” Disposable Personal Income Per Capita. At two decimal places, the nominal 0.27% month-over-month change in disposable income was trimmed to 0.15% when we adjust for inflation. The year-over-year metrics are 4.58% nominal and 2.22% real. […]
