Countries Can Be Entirely Powered By Wind, Solar And Water
This is what smart plans look like. A new scientific road map shows how over 70% of the world’s countries – including the UK, US, China and other major economies – could run entirely on energy created by wind, water and solar by 2050. See: Nearly 140 countries can be powereNearly 140 countries can be powere […]
As Cool As Carl
I know all the cool kids like to quote Nassim Taleb and give dire warnings about the coming collapse of risk assets, but I must have too many years of playing Dungeons & Dragons because I just can’t seem to join their club. I don’t see the same black swans that everyone else does. Central […]
NZD/USD: NZ Government Curbs Growth Outlook, H&S Formation Takes Shape
Ticker Last High Low Daily Change (pip) Daily Range (pip) EUR/USD 1.1813 1.1820 1.1740 51 80 EUR/USD clings to the narrow range from earlier this week as European Central Bank (ECB) President Mario Draghi highlights the success of the quantitative easing (QE) program, with the pair at risk of staging a larger advance amid growing concerns surrounding […]
Buy These 5 Precious Metals Funds As Gold Hits 11-Week High
Gold prices touched the highest settlement in the last 11 weeks on Aug 21. Prices of the yellow metal also reached this year’s best intraday high, rising above $1300 an ounce on Friday. Gold’s rise was triggered by uncertainty in both domestic and global markets. Tensions between the U.S. and North Korea were rekindled over […]
Analysts Bullish On Fiat Chrysler Break-Up Potential
This morning, both Jefferies and Morgan Stanley upped their price targets for Fiat Chrysler (FCAU), citing the company’s break-up potential. This follows recent media reports saying China’s Great Wall Motor is interested in acquiring part or all of Fiat Chrysler, and that the latter is considering spinoffs of its Maserati and Alfa Romeo brands, as […]
E America’s Job Market Keeps Improving, Though Not In Terms Of Earnings
The U.S. economy has been improving on many fronts since the Great Recession ended eight years ago. The unemployment rate is close to a full employment level based on conventional measures and payroll jobs continue to increase month after month, reversing many of the job losses from the Great Recession. However. at the same time, […]
Venezuela Bonds Tumble On Report U.S. To Ban Trading
Venezuela bonds are tumbling after the WSJ reported that the US government was considering a ban on trading in the country’s debt. PDVSA’s 12.75% 2022s were trading at 44.75 this morning,down from around 45.65 at Tuesday’s close and two points weaker than levels seen earlier in the week, according to MarketAxess. Bond traders also sold PDVSA’s 6% […]
Dip-Buyers Assemble! Stocks On Pace For Worst Month Since October
Ok, well just when it looked like the last vestiges of the risk-off move had been summarily vanquished and relegated to the dustbin of post-crisis market history with Tuesday’s rally, the jitters are back, and thanks in no small part to Donald Trump’s rambling rally in Phoenix. Earlier this week we noted that for a […]
E Why The Aramco Deal Sticks Out Like A Sore Thumb
Once upon a time about a decade ago, some hedge managers went to the bank and tried to withdraw funds sufficient to cover redemptions and learned to their clients’ and their dismay that that would be somewhat problematic. Those attempted transactions soon turned into the proverbial sweater with the protruding strand of wool that, pulled […]
