Category Archive: Finance, No picture
Eurozone Growth Slows To 4-Year Low, Italy Stagnates, Global Recession Risk Up
Eurozone growth slows to 0.2%, a four-year low as Italy stagnates. CEBR says risks of a global recession have risen. Massive Disappointment Eurozone 3Q GDP is a massive disappointment and don’t expect much of a recoveryhttps://t.co/HRNEZlO7Ab — ING Economics (@ING_Economics) October 30, 2018 Annualized Growth Downgraded As #Italy‘s growth stagnates, we revise our annual forecast […]
10% Tuesday Correction – Have We Fallen Far Enough?
Wheeeee! There’s nothing like a nice sell-off when you’re ready for it. Yesterday’s dip blasted our Short-Term Portfolio over the 200% line, up $207,272 for the year and up $23,088 (23%) since our 10/18 review as we briefly flipped more bullish for the bounce but then, since the bounce didn’t make it over our Strong […]
6 Things To Know Before Trading The Swiss Franc
You probably have heard of the popularity of Swiss bank accounts as offshore savings accounts for investors. Switzerland is well-known for being a neutral territory. It’s the global destination of choice for investors looking to keep capital outside of their own countries, and relies heavily on the banking sector to support its economy. Likewise, Switzerland’s […]
Currency Manipulator
Oil prices continue their slide on fears that the U.S. China Trade War will continue and derail economic and oil demand growth. The Wall Street Journal reported that China guided the yuan to its weakest official level in a decade on Tuesday—a move that could fuel expectations of a further, self-reinforcing slide. TheWSJ says that the […]
Stock Market Bottom?
(Video length 00:21:36) Have we seen bottom? If today’s price action is an indication the answer is no! The US Dollar continues to rally which will pressure the price of gold, oil and silver.
GE Cuts Dividend To 1 Cent Amid Huge Earnings Miss, $22 Billion Writedown
General Electric cut its dividend for the second time in less than 12 months – slashing the quarterly dividend from 12 cents a share to a penny – only the third reduction since the Great Depression which will save GE about $3.9 billion a year, as it reported earnings that missed analyst expectations and unveiled […]
Has The Rebound In US Consumer Spending And Income Peaked?
Most economic measures continue to paint an upbeat profile for the US, but yesterday’s September report on consumer spending and income hints at the possibility that softer growth is approaching. There’s still no clear sign of rising recession risk on the immediate horizon, but it’s reasonable to wonder if the surge in economic activity following Donald Trump’s […]
Iron Lady Of Europe Quits. Will Gold Replace Her?
On Thursday, Mr. Draghi held a press conference. But the real thunderbolt hit on Monday, when Ms. Merkel announced that she would step down this year as a leader of her conservative party. Will that lighting make gold shine? Draghi Says That We Shouldn’t Worry Let’s start with the latest ECB’s monetary policy statement and the following Draghi’s […]
Chesapeake Agrees To Buy WildHorse Resource In $3.977B Cash And Stock Deal
Chesapeake Energy (CHK) and WildHorse Resource Development (WRD) today jointly announced that Chesapeake has entered into a definitive agreement to acquire WildHorse, an oil and gas company with operations in the Eagle Ford Shale and Austin Chalk formations in southeast Texas, in a transaction valued at approximately $3.977B, based on yesterday’s closing price, including the […]
Morning Call For Tuesday, Oct. 30
Overnight Markets And News Dec E-mini S&Ps (ESZ18 +0.34%) this morning are up +0.32% on optimism the U.S. and China can resolve their trade differences after President Trump in an interview with Fox News late Monday said, “I think we will make a great deal with China, and it has to be great because they’ve drained […]
