Category Archive: Finance
E Economic Growth And Higher Wages
Economic growth and higher wages historically weren’t always associated, at least for decades (typically before the Gold standard was dropped and global growth expanded, largely -in time- at the expense of American workers and our industrial expansion), with ‘inflation’ as somehow being ‘desirable’. The idea was to see profits and growth occurring consistently, amid organically-achieved […]
Michael Noonan: Gold & Silver – The Elites Have Decimated The Country
TDC Note – Be sure and catch one of my first interviews, with the one and only Michael Noonan, from June 2014 – LINK I like both gold and silver. Both have been money, real money, depending on who you ask, for anywhere from four to six thousand years. When people say something like, “that’s stood […]
E El-Erian Has It Right: The Failure Of Monetarism And Asset Purchasing
Mohamed El-Erian, former PIMCO guru and current Allianz economic adviser, warns that corporate cash, now being hoarded, must be unlocked for growth to take place. Otherwise he fears political collapse and economic demise. He rejects the concept that people’s QE (helicopter money) should be attempted, because of the unknown political ramifications. I don’t know that […]
EC Senior Discounts? Oil Prices And Old Rulers
Today’s low oil prices are probably not the result, even in part, of elderly men ruling over the world’s major energy-exporting nations. Still, it may be worth noting that the royal sons of Saudi Arabia’s modern founder Abdulaziz bin Saud are mostly older now than they have been in the past, and that the leaders […]
E Shares Of Vitae Pharmaceuticals Are Up 45% After Announcing Positive Phase 2 Results
Shares of Vitae Pharmaceuticals (VTAE) are up almost 50% after hours after the company announced positive proof-of-concept phase 2a results in patients with moderate to severe psoriasis. The company’s drug used in the study is known as VTP-43742. Psoriasis is a disease of the skin where scaly patches that itch occur. The results were positive […]
No Rate Hikes Because FOMC’s Models Don’t Even Believe The Unemployment Rate
If there is any doubt as to the confusion inside the FOMC, one needs only to examine its models. The latest updated projections make a full mockery of both monetary policy and the theory that guides it. Ferbusand the rest don’t buy the labor market story, either, which is why the Fed can only be hesitant […]
The Safety Net: Expect Another Cut To This 7.8% Yield
One of the strongest indicators that a company could cut its dividend is that it’s done so in the past. Once a company has made that decision once, it’s easier to do it again. And again. I suspect that’s going to be the case for Frontier Communications (Nasdaq: FTR). The company provides telephone and broadband Internet services […]
Ackman Begins Portfolio Liquidation To Shore Up Cash, Sells $800 Million In Mondelez After Losing 26% YTD
Yesterday morning, after the biggest ever crash in Valeant stock, we showed that “When Ackman Gets A Valeant Margin Call Today, This Is What He Will Be Selling” and laid out his top (and only) concentrated holdings as follows: We didn’t have long to wait for the liquidity-sapping margin calls to come in and […]
Robo-Advisors Are Desperately Clinging To A Dangerous Dogma
I’ve recently argued that the success of passive investing potentially sows the seeds of its own demise. Patrick O’Shaughnessy also made a similar point recently and probably a bit more eloquently. But, to dig deeper into the push towards passive, there’s one big problem I have with virtually every one of the major robo-advisors that very few folks seem to be […]
Sonoco Products – Chart Of The Day
The Chart of the Day is Sonoco Products (NYSE:SON). I found the paper products stock by using Barchart to sort today’s All Time High list first for the highest number of new highs during the last month, then I used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 2/10 the stock gained 18.81%. Sonoco […]
