Our State-Corporate Plantation Economy
We’ve been persuaded that the state-cartel Plantation Economy is “capitalist,” but it isn’t. It’s a rentier skimming machine. I have often discussed the manner in which the U.S. economy is a Plantation Economy, meaning it has a built-in financial hierarchy with corporations at the top dominating a vast populace of debt-serfs/ wage slaves with little […]
Brick & Mortar Retail Struggles Attributable To Growth In E-Commerce
Today another retailer announced it will be closing up shop, Bebe Stores, Inc. (BEBE), making it the 15th retailer to go under this year. By the end of May BEBE plans to liquidate its approximately 180 stores. This nearly matches the 18 retail bankruptcies for all of 2016. Source: S&P Global: Market Intelligence With the consumer accounting […]
Jimmy Carter And The Energy Crisis That Never Happened
Forty years ago tonight, President Jimmy Carter delivered his Address to the Nation on National Energy Policy, better known as the “Moral Equivalent of War” speech. Seated behind his ornate desk in the Oval Office and wearing a sober pinstriped suit, he offered a litany of dark predictions: “The oil and natural gas we rely on for […]
With Harrison Having Switched Trains, Analysts Upgrade CSX, Cut CP
Two railways names linked by a recent executive change – CSX (CSX) and Canadian Pacific (CP) – are on track for weekly advances after each reported quarterly results earlier this week. However, CSX and Canadian Pacific’s reports have sparked different reactions on Wall Street, with analysts upgrading the former to Buy-equivalent ratings and a firm […]
3 Strong Buy Balanced Mutual Funds To Consider
Balanced funds provide investors with the convenience of buying into a single fund rather than holding both equity and bond funds. This category of funds also reduces a portfolio’s volatility, while providing higher returns than pure fixed income investments. The fund managers also enjoy the flexibility of varying the proportion of equity and fixed income […]
Onconova Therapeutics Announces Pricing Of Public Offering Of Common Stock
NEWTOWN, Pa., April 21, 2017 (GLOBE NEWSWIRE) — Onconova Therapeutics, Inc. (Nasdaq: ONTX), a Phase 3 stage biopharmaceutical company focused on discovering and developing small molecule drug candidates to treat cancer, with a primary focus on Myelodysplastic Syndromes (MDS) today announced that it has priced an underwritten public offering of 2,476,190 shares of its common stock, at a […]
14 April 2017: ECRI’s WLI Growth Index Degradation Continues
ECRI’s WLI Growth Index which forecasts economic growth six months forward remains in positive territory for over one year – after spending the previous 35 consecutive weeks in negative territory. This is compared to RecessionAlerts similar weekly leading index. ECRI also released their coincident index this week. Analyst Opinion of the trends of the weekly […]
Visa Inc. Beats Handily And Buys Back Shares
The Numbers On Thursday April 20, 2017 Visa Inc. reported their fiscal second quarter earnings after the market closed at 4 p.m. Eastern Standard Time. The company reported $.86 per share which beat the $.76 estimate at Thomson Reuters. Revenue was 4.5 billion dollars versus an estimate of 4.3 billion. And to add the proverbial -icing […]
GLD: A Picture Of Fear
Written by Sean Brodrick Do you want to see a picture of fear? Just look at what’s happening in the world’s largest gold ETF in the chart below. The SPDR Gold Trust (NYSE: GLD) added 11.84 metric tons of gold on April 19. That’s the most since Sept. 6, 2016, and it brought the GLD’s holding […]
What’s In Store For Material ETFs In Q1 Earnings?
The materials sector has been one of the top performing sectors of this year thanks to rebounding commodity prices, positive developments in China, pick-up in global manufacturing activities and improving global trends. Additionally, Trump’s pro-growth policies to revive U.S. manufacturing and rehabilitate the country’s aging infrastructure added to its strength. The President-elect has proposed to […]
