Category Archive: Finance, No picture
FV Are FANG Investors Playing The Role Of Greater Fools?
Introduction The greater fool theory is an investing metaphor that suggests that if you pay more for a stock than it is worth (intrinsic value indicates) that you are only doing this on the basis that a fool greater than you will come along and willingly pay you more. When you think about it, the […]
Household Debt Hits Record High $13.29 Trillion Led By Mortgages, Student Loans
A New York Fed report shows household debt hit a new record high of $13.29 trillion in the second quarter. Inquiring minds are digging into the New York Fed Quarterly Report on Household Debt and Credit. Total Debt Mortgage Originations Auto Loans by Credit Score Credit Score Ratings: Equifax “Lenders generally see those with credit scores 670 […]
Another Problem Emerges For Elon Musk
While it has yet to be seen if the SEC will crack down on Elon Musk, and whether the Tesla CEO can round up enough investors (which he allegedly already has a commitment letter from over a week ago) to participating in his going private transaction, remains to be seen but even in an ideal […]
US Dollar: Up, Up, And Away?
The latest outbreak of volatility in Turkey has been a headache for many assets, but it’s been an absolute boon for the US dollar. Until Friday, the world’s reserve currency had spent the last three months consolidating in a sideways range below 95.50 as traders weighed the long-term uptrend against the potential for the greenback’s […]
Tapestry Rises After Quarterly Results As Coach Grows, Kate Spade Decline Slows
Shares of Tapestry (TPR) are on the rise after the company, formerly known as Coach, beat consensus estimates for the fourth quarter, driven by strong performance of its Kate Spade as the death of the namesake founder in June stoked nostalgia for the brand. Commenting on the quarterly results, Loop Capital analyst Laura Champine recommended […]
EUR/USD Outlook Mired By Oversold Signal
EURO TALKING POINTS EUR/USD slips to fresh 2018 lows even as the Euro-Zone Gross Domestic Product (GDP) report instills an improved outlook for the monetary union, with the exchange rate at risk for a further decline as the bearish momentum appears to be gathering pace. EUR/USD OUTLOOK MIRED BY OVERSOLD SIGNAL The Euro is back under pressure despite […]
Household Debt And Credit Report: Up By $82B In Q2
The latest household debt for Q2 2018 was up 0.6% from Q1 and currently at $13.29T and at its peak. Here is an excerpt from the latest press release: NEW YORK—The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit, which shows that total household […]
Gold Bugs Just Can’t Catch A Break
It’s been a bad year to be a gold bug: after moving up from $1300 to $1360 through the month of January, gold has dropped sharply through Q2 and Q3 to date, dropping below $1200 as of writing. While an 8% drop year-to-date is hardly an earthshattering development (lately, that’s been just a bad day […]
Import Prices Flat, Export Prices Decline 0.5%
The strong dollar dampers the tariff impact on import prices except energy. Export prices decline led by agriculture. BLS Highlights BLS Charts and Comments on Import and Export Price Indexes for July 2018 Prices for U.S. imports recorded no change in July, the U.S. Bureau of Labor Statistics reported today, after edging down 0.1 percent in June. […]
5 Utilities Funds To Counter Turkey’s Currency Crisis
Continued tensions over a significant decline in Turkey’s lira against the U.S. dollar continued to weigh on investor sentiment on Aug 13. Lira ended near its record low levels on the day, following concerns over the health of Turkey’s financial system. Additionally, U.S. sanctions against top Turkish government officials and doubling of metal tariffs against […]
