Category Archive: Finance, No picture
US Inflation Needs To Be Really Bad To Stop The USD
US Core Inflation is expected to recover after a blip in August. Fed expectations for a hike in December are set to strengthen. Barring a second consecutive disappointment, the USD will likely remain bid. The US publishes its Consumer Price Index report for September on Thursday, October 11th, at 12:30 GMT. The Fed has two mandates: employment […]
Are Italy’s Stocks Worth Going Long?
Just look at the news – Italy is not so sunny anymore: its public debt is >120% of the GDP (double the EU maximum) and its coalition government plans to borrow 1,6% of the GDP this year. On top of it, the bad news keeps coming: a Genova bridge collapsed in August, putting Atlantia S.p.a., […]
Sensex Ends 461 Points Higher; Realty & Consumer Durables’ Stocks Rally
Indian share markets ended over 1% higher today aided by a firm rupee against the dollar. At the closing bell, BSE Sensex ended up by 461 points, while, NSE Nifty ended up by 159 points. Except IT stocks, all sectoral indices ended the day in green with realty sector and consumer durables sector surging over 4%. Globally, Asian stock markets finished higher today with shares in China […]
International Paper Downgraded To Neutral From Buy At Goldman Sachs
Goldman Sachs analyst Brian Maguire downgraded International Paper (IP) to Neutral and lowered his price target for the shares to $53 from $63. The stock closed yesterday down $2.69 to $44.64. Following 12 new U.S. containerboard capacity announcements since his upgrade of the shares on July 12, 2017, the analyst now forecasts 11% growth in […]
Muncy Bank Has Five Locations In Pennsylvania
Today I’m reviewing a nano-cap bank – regional – US named Muncy Bank Financial Inc. It’s trading ticker symbol is MYBF. MYBF isn’t that a great friendly ticker? Muncy Bank Financial Inc is a commercial bank. The Company provides commercial, mortgage, residential real estate, and consumer loan financing as well as providing deposit, investment and […]
The Distortions Of Doom Part 2: The Fatal Flaws Of Reserve Currencies
<< Part 1: The Global Distortions of Doom: Hyper-Indebted Zombie Corporations The way forward is to replace the entire system of reserve currencies with a transparent free-for-all of all kinds of currencies. Over the years, I’ve endeavored to illuminate the arcane dynamics of global currencies by discussing Triffin’s Paradox, which explains the conflicting dual roles of national […]
USD/CAD Daily Analysis – Wednesday, Oct. 10
USD/CAD failed in its attempts to break above the falling trend line on the 4-hour chart and pulled back to 1.2930 area, suggesting that corrective consolidation for the uptrend from 1.2782 is underway. Deeper decline would likely be seen and the target would be at 1.2890 area. On the upside, as long as 1.2890 support […]
Sensex Up 1.3%; Consumer Durables Stocks Witness Buying
After opening the day flat share markets in India are trading on a positive note and are presently trading above the dotted line. Sectoral indices are trading on a mixed note, with stocks in the energy sector and stocks in the PSU sector witnessing maximum buying interest. The BSE Sensex is trading up by 433 points (up 1.3%) and the NSE Nifty is trading up […]
Weekly Gasoline Price Update: Regular And Premium Up Four Cents – Wednesday, Oct. 10
It’s time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium are up four cents each from last week. According to GasBuddy.com, California has the highest average price for Regular at $3.80 and South Carolina has the cheapest at $2.59. The WTIC end of […]
Rising Interest Rates Start Popping Bubbles — The End Of This Expansion Is Now In Sight
Towards the end of economic expansions, interest rates usually start to rise as strong loan demand bumps up against central bank tightening. At first, the effect on the broader economy is minimal, so consumers, companies, and governments don’t let a slight uptick in financing costs interfere with their borrowing and spending. But eventually rising rates […]
