Shares of solar power products manufacturer JA Solar (JASO) are sliding after the company reported a mixed quarter, with weaker than expected earnings per ADR share and revenues that beat estimates. Commenting on the announcement, Roth Capital analyst Philip Shen told investors that supply chain costs could continue to pressure margins ahead. RESULTS: JA Solar […]

– China’s private investment in fixed assets slowed down for the fourth consecutive month: In October, the growth rate dropped to 5.8%, the lowest level in 2017. Private investment takes up roughly 60% of total investment; the private sector contributes approximately 80% of total jobs, 60% of GDP and 50% of government’s tax income. Potential impact to […]

Though the flattening of the yield curve, uncertainty over tax reform plan and falling oil prices have been making investors jittery lately, the overall sentiment has been hugely positive. This is especially true given that the global economy has picked up momentum with every major economy witnessing growth in almost a decade.  According to the […]

As we keep insisting, monetary central planning systematically falsifies asset prices and corrupts the flow of financial information. That’s why bubbles seemingly inflate endlessly and egregiously, and also why financial crashes and economic corrections appear to come out of the blue without warning. Back in the winter of 1999-2000, for example, we were allegedly in the midst […]

Junk bonds have been underperforming lately as widely noted. Albert Edwards at Society General also notes the underperformance of companies with poor balance sheet fundamentals. Edwards Comments “With bullishness sentiment at extremes, is it significant that my colleague Andrew Lapthorne noted in his widely read “Global Market Arithmetic” that despite the overall equity market continuing […]