Category Archive: Finance
Buy The Rumor: Allergan Goes Public On Divestiture, Acquisition Plans
The inside story at Allergan (AGN) is now firmly public, as the company’s plans to divest itself of certain product categories and acquire another firm were confirmed over the weekend. What was rumored has become fact This weekend Allergan publicaly confirmed that it will sell its generic-drug business to Teva Pharmaceuticals Inc. (TEVA) for $40.5 […]
Monday Morning’s Pre-Market Insights: YOKU, QCOM, TEVA, PSTI
By Kate George Youku Tudou Inc (ADR) (YOKU) shares slipped more than -6% in pre-market trading down to $18.77 after Chinese shares fell more than 8%. Since China is trying to stave off a market crash, last week the government instituted several measures to mitigate the effects of the crashing market. However, these efforts fell short and […]
The Flight From Gold – Its Fall From Grace
So why have Gold investors taken flight from Gold as it falls from grace? The sophistry that has fueled Gold is being exposed. The Gold Promoters spun their latest tale raising unrealistic high hopes for China as their savior that they were buying gold and would use it to back their currency so but now […]
Chinese Stocks Suffer Second Biggest Crash In History, 1,500 Companies Halted Limit Down
This was not supposed to happen. After pledging, investing and otherwise guaranteeing the Chinese stock market to the tune of 10% of GDP, and intervening on at least 40 different occasions in the past month ever since China’s stock bubble burst in late June, with the subsequent crash nearly taking the Shanghai Composite red for the […]
Moffat County facing fate of the changing West
CRAIG —This tiny town was built on mining the rolling hills of northwest Colorado that surround it for coal and burning it to make electricity. Now, the community feels both its economic pillars under attack. The Colowyo coal mine is facing a federal court ruling on its environmental assessment some fear could close the mine. […]
Ten Ideas To Save The Economy Step 5: How To Reinvent Education
<< Read Step 1: Making The Economy Work For The Many, Not The Few – Step 1: Raise The Minimum Wage << Read Step 2: Making The Economy Work For The Many, Not The Few – Step 2: Make Work Family Friendly << Read Step 3: Ten Ideas To Save The Economy – Step 3: Expand Social Security […]
EUR/USD Drifts Lower During Trading
The EUR/USD pair fell during the day again on Wednesday, but we are starting to approach an area that I believe will be rather supportive. I think that somewhere between the 1.11 level and the 1.10 level we will find enough support to turn things back around. After all, breaking above the 1.10 level was […]
Productivity Forecast
Labor productivity is the key to our standard of living, as we said in our recent article. In this one we discuss determinants of productivity and its forecast. Labor productivity is determined by three factors: labor quality, capital, and everything else, usually called total factor productivity. Labor quality varies, to nobody’s surprise. Some workforces are highly […]
When The Current Housing Bubble Finally Bursts
Bubbles are followed by echo-bubbles, and the bursting of the second bubble ends the speculative cycle. If we have learned anything in the past 20 years of massive asset bubbles and equally massive declines when the bubbles finally pop, it’s this: those caught up in the expansionary phase of the bubble cannot believe the bubble that’s […]
Advance Auto Parts Q1 Earnings Miss Estimates, Rise 6.2% Y/Y
Advance Auto Parts (AAP – Analyst Report) operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts (excluding tires), accessories, batteries and maintenance items for domestic and imported vehicles. It is the largest automotive parts provider in North America. The company enhances profits through its relentless focus on store expansion. The rise in […]
