Here Is How US Public Corporations Have Treated US Workers In The Last 15 Years…
The technical term is “structural unemployment” for what has happened to the middle class in the US. The reality is that US corporations have focused largely on their profits at the expense of their workers (jobs and income) through outsourcing, technology, and financialization (buybacks). The obsession with profits has doing more than push their stock […]
Gold Hits 3-Month Highs Amid “Frenetic Liquidity”
Gold topped $1230 this morning – breaking to 3-month highs and up over 4% year-to-date – up 5 days in a row for the best run in 4 months. The surge comes causally or correlatedly coincidental with China’s explicit shift into extraordinary measures (LTROs) but, as The FT reports, market participants are concerned that algo-based funds have created […]
Bonds, USD, Euro
Treasury yields are rising with the spread between the 10’s and 2’s also rising. That continues the recent short-term trend. The longer this keeps up the closer we’d get to being able to declare a new trend and… a new macro backdrop. The Investing.com graphic also includes the 10 year Treasury Note and some Euro/UK bonds. The […]
Mark Mobius On Brazil As An Investment
Many investors who invested in Brazil have been disappointed these last few years about the lack of growth and progress in the country. GDP barely grew in 2014 in Brazil, for example, which is a huge difference with the 7.5% growth the country put forward in 2010. According to Mark Mobius of Franklin Templeton Investment, the […]
The Stock Whisper Of The Day: Nokia Corporation
The stock whisper of the day is: (NOK). Video Length: 00:03:18
Excessive Lending & Spending: The Fed’s “Magic Tricks” Have Backfired
In today’s global monetary system, money is created out of thin air — like magic — but it can disappear even faster. As I explained in a webinar for our Boom & Bust Elite subscribers, I’m not just talking QE here. Almost all of the money in our system is created by banks. They are able to […]
Monday Pre-Market Insights: PSTI, JUNO, OSUR, SGYP
Pluristem Therapeutics Inc. (NASDAQ:PSTI) shares rose 8.58% to $2.91 after the biopharmaceutical company announced that its PLX cells were selected for the Adaptive Pathways pilot project through the European Medicines Agency. The pilot project is part of the EMA’s initiative to increase timely access to new medications. Juno Therapeutics Inc (NASDAQ:JUNO) shares increased 5.46% to $45.74 after […]
China And The Gold Bugs
Guest post by Jim Rickards A Popular Myth One of the most persistent story lines among gold bugs and market participants who foresee the collapse of the dollar goes something like this: China and many emerging markets including the other BRICS are looking for a way out of the global fiat currency system. That system is […]
Morning Call For May 18, 2015
OVERNIGHT MARKETS AND NEWS June E-mini S&Ps (ESM15 -0.27%) this morning are down -0.13% as they consolidate modestly below Friday’s new all-time high. European stocks are down -0.58% as no resolution is seen yet to the Greek debt crisis. The yield on the Greek 10-year bond climbed to a 2-week high of 11.40% on concern […]
Is The Weak Data On US Industrial Production A Warning Sign?
Last week’s disappointing economic news has raised new worries about business cycle risk for the US. It’s still premature to assume the worst, but it’s clear that there’s still not much support for a strong second-quarter rebound after Q1’s weak performance. That could change in the updates in the weeks ahead. Meantime, the macro profile […]
