Household Spending Growth Expectations Plunge; Recession Already Started?
Every month the Fed does a Survey of Consumer Expectations for inflation, earnings growth, income growth, and consumer spending growth. In the microeconomic data overview, the Fed provided charts for the first three sets of expectations. I downloaded the data and created my own chart of spending expectations. First let’s consider some details from the report. Emphasis […]
China Could Hold Oil Market To Ransom, Tops US As World’s Largest Importer
For the first time in history, China overtook the US as the world’s biggest importer of crude oil in April, as The FT reports, representing the culmination of a seismic shift in global energy flows over the past decade. The jump in China imports last month was partly down to higher shipments from Iran, who “may be offering […]
Gold Remains Within Narrow Range
Gold edged lower on Monday as strength in the dollar pushed prices down but uncertainty about the timing of a U.S. interest rate increase limited losses. Last week’s U.S. jobs report fueled optimism the second quarter will be better than the first quarter though downward revisions to previous figures raised the possibility that the Federal […]
3 Stocks With Magic PEG Ratios
For generations, value investors have looked to the price-to-earnings ratio, or P/E, as a means to finding value stocks. However, Benjamin Graham, long considered to be the “father” of value investing, found that a low price-to-earnings ratio wasn’t enough to unearth the true undervalued companies. Graham combined the low price-to-earnings ratios with the power of […]
EURUSD Short Term News Trade Opportunity Tuesday: Strategy, Fundamental & Technical Considerations
How to trade the EURUSD given the key EURUSD events: German GDP, Greek IMF payment, US retail sales – our favorite simple short term news trade and how to play it -There are a 3 potential short term EURUSD news trades today -Why we prefer the Greek IMF repayment as the best simple short news […]
Auryn’s Management Finds Success In The Prudent, Measured Approach
After Agnico Eagle Mines gobbled up Cayden Resources in a mostly share-based deal worth CA$205 million, Shawn Wallace and Ivan Bebek are back with another gold exploration story: Auryn Resources. The successful tandem—with Wallace as CEO and Bebek as chairman—have a following among junior gold investors and hope to grow the Committee Bay gold project […]
Japanese Govt Bonds Are Crashing After Weakest Auction Since Lehman
Today’s 10Y JGB auction saw the lowest bid-to-cover ratio since Feb 2009 at just 2.24x with a notable tail of 1.1bps (the widest since March) as it appears once again, the total dissolution of liquidity from the largest bond market in the world has left the BoJ and Ministry of Finance losing control. The reaction is […]
No Bubble Here: $1.5 Million For 750 Sq. Ft. Flat, Rent A Bed For $1,000/Month
The incredible luxury of having a bedroom to yourself is out of reach for all but the very well-paid. Having an apartment to yourself requires serious money. Those who say there are only two sure things in life, death and taxes, should add a third sure thing: realtors and stock market mavens will deny there’s a […]
Weekly Gasoline Price Update: Up Another Three Cents
It’s time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). Rounded to the penny, the price of Regular and primium both rose three cents. This is the fourth week of price increases after six weeks of little change. According to GasBuddy.com, California has the highest average price for Regular at $3.72. South […]
The Goldilocks Illusion
Why Market Participants Liked the Payrolls Report Some people have wondered why the stock market reacted with such a big rally to last Friday’s payrolls data. After all, the report wasn’t much to write home about, especially if one ponders the details. In addition, the already weak March payrolls data were revised lower to an even […]
