Category Archive: Finance
Sensex Trades In Deep Red; Power Stocks Witness Selling
After opening the day marginally higher, share markets in India have continued the momentum and are trading above the dotted line. All sectoral indices are trading on a negative note with stocks in the power sector and stocks in the consumer durables sector leading the losses. The BSE Sensex is trading down by 290 points (down 0.9%), and the NSE Nifty is trading […]
Not Even Junk Will Fetch High Interest Rates Anymore
The Federal Reserve tries and tries and just can’t muster up some price-tag ripping price inflation. Blowing up its balance sheet from $900 billion to $4.5 trillion would have seemed to send us to Zimbabwe, but no, prices just won’t cooperate with the monetary masterminds toiling away in the Eccles Building. MarketWatch’s Caroline Baum says […]
Gold Extends Gains On Rising North Korea Tensions
Gold prices ended Monday’s session up $17.85, helped by a slumping U.S. dollar index that hit a 15-month low. Trump administration’s mounting problems and the recent turbulence in world stock markets are also working in favor of the precious metal. XAU/USD traded as high as $1324.34 an ounce as investors moved away from stocks and […]
Housing Bubble 2.0: Home Equity Loans Soar To Highest Level Since 2008
It seems as though the practice of using one’s home as a personal ATM machine is making a ‘yuge’ comeback of late thanks, at least in part, to the same aggressive lending terms and attractive teaser rates that nearly sank the world economy just under a decade ago. According to the Wall Street Journal and Equifax, home […]
Jackson Hole 2017 – Draghi And Yellen Refrain From Addressing Monetary Policy
The much anticipated Jackson Hole Symposium that began on Thursday last week ended without a bang. While investors were hopeful that the central bankers would address monetary policy, it was indeed the opposite. Both Yellen and Draghi failed to give any clues on monetary policy in what seems to be an obvious case of keeping […]
Rice Futures Hit 22-Month High As Uncle Ben Says ‘I Told You So’
Ok, so here’s another one of these “what hath Harvey wrought” fun factoids. There are going to be a lot of these in the days ahead. Yesterday we noted that RV stocks are on the move (get it?) on Monday as at least one firm expects to see robust demand tied to aid efforts. Well also getting […]
Sugar Is The New Tobacco: Coca Cola Faces Headwinds
Over the past century, buying and holding dividend growth stocks has been one of the most reliable ways to build wealth. But it’s important to be nimble with your investments, to question old assumptions, and to be well-positioned for the future. Buy-and-hold investing means maintaining a low portfolio turnover rate, but doesn’t mean you can’t […]
EUR/USD > 1.20 – A Big Breakout – Levels To Watch
It finally happens. After rising very gradually towards the very ground level, the world’s most popular currency pair made a decisive breakout and reached a new high of 1.2020. Update: the pair extends its gains and reaches 1.2036, very close to the “whatever it takes” level of July 2012. This is the highest level since […]
Skepticism Of Experts And The End Of Libor
For decades, the public generally placed its trust in technocrats, the people perceived to be skillful and knowledgeable managers of economically and politically important institutions (including banks). The thinking was that aspects of the economy and politics had become too complex for ordinary citizens to understand and that the best way to handle this complexity […]
ECB Rains & Summer Heat/Dryness Hurt Corn – Bean Pods Weak
Market Analysis Farm Journal’s Midwest Crop Tour results suggest this year’s US corn crop is highly variable because of 2017’s WCB dryness during the growing season & heavy rains prompting delays and replants during the ECB’s spring. Excessive heat during July’s pollination also had an impact in various areas. This year’s erratic weather also resulted […]
