Category Archive: Finance
Dow Hits 23,000 – There’s Just One Thing
Just four weeks since The Dow crossed 22,000…but thanks to Goldman, Boeing, Caterpillar, 3M, and JPMorgan (accounting for over 500 Dow points), the mainstream media’s favorite index just topped 23,000 for the first time ever… With the Top 6 names driving 50% of the index’s move… However, it seems options traders ain’t buying it… If […]
The Fed Is Set To Trigger A Recession In December
The Federal Reserve’s job is easy to understand in some ways. It cuts interest rates when the economy slows. Making money cheaper should lead to economic growth. Then, when the Fed feels the economy is growing too fast, it raises rates. It keeps raising rates until it starts the next recession. And then the Fed […]
EUR/USD Weakens Further, Eyes 1.1700 Support Zone
EUR/USD: With the pair weakening further during Tuesday trading session, more decline is envisaged with eyes on its psycho support at 1.1700. Resistance comes in at 1.1800 level with a cut through here opening the door for more upside towards the 1.1850 level. Further up, resistance lies at the 1.1900 level where a break will […]
September 2017 Headline Industrial Production Improved
The headlines say seasonally adjusted Industrial Production (IP) was up. The manufacturing segment of industrial production also improved. Analyst Opinion of Industrial Production There was significant downward revision to the existing data over the last 6 months – so even though the data was better than last month, overall the improvement was very little. The […]
Unhinged And Unrepentant – The Central Bankers’ Demolition Squad
We are still doubled over with laughter about this one, hoping we can regain enough composure to keep typing. Thus spake Charles L. Evans, one of the most economically illiterate fools ever to serve on the Federal Reserve: “The first order thing for policy right now is to get inflation up to our objective,” Evans said […]
A Cracking Good Time In The Oil Business
It’s often said that the best way to make a small fortune in the oil business is to start with a large one. That old saw has certainly held true for the past couple of years. For most—but not all—of the oil sector. One corner of the business that’s done quite well has been refining. […]
Canada Extends Stress Tests To Uninsured Mortgages In 2018
The Canadian Office of the Superintendent of Financial Institutions this morning announced stress testing rules will be expanded to include both uninsured and insured mortgages in Canada. Starting January 1, 2018, Guideline B-20 requires the minimum qualifying rate for uninsured mortgages to be the greater of the five-year benchmark rate published by the Bank of Canada […]
U.K Inflation Not Slowing Down; Rises To 5.5-Year High
The U.K inflation does not appear to be slowing down anytime soon as prices surged to the highest in more than 5 years in September. Consumer prices climbed 3 percent year-on-year from 2.9 percent in August, the Office for National Statistics said on Tuesday in London. This is the fastest pace of increase since April 2012 and […]
Seeking More QE For Japan — Abe Calls Snap Election
Opponents of Abe-economics — a policy whose defining characteristic these days is ever more radical monetary experimentation and a creeping but serious deterioration in the public finances — are in despair. Yet again, as in March 2015, the Japanese PM Abe has called a snap election (one year short of a full term with a campaign limited to 3 weeks), […]
Airbus, Bombardier Announce C Series Partnership
Airbus (EADSY) and Bombardier (BDRBF) are to become partners on the C Series aircraft program. A corresponding agreement was signed today. The agreement brings together Airbus’ global reach and scale with Bombardier’s newest, state-of-the-art jet aircraft family, positioning both partners to fully unlock the value of the C Series platform and create significant new value […]
