How Holiday Shopping Can Help You With Home Shopping
When holiday shopping heats up, home shopping cools down. December is consistently one of the slowest home sales months of the year, according to real estate website Zillow.com. It’s almost as if consumers don’t have enough mental bandwidth to focus on both at the same time. But if you hope to buy a house in […]
Portland is keeping it weird by keeping Uber out, so we took an illegal ride
Last night, I took an illegal Uber X trip. If we were caught, the driver could have been written a ticket with a minimum of $2,250, and risked having his car impounded and spending a night in jail. My driver, who we’ll call Bobby G at his own insistence, was skeptical about me from the […]
Older Americans a Pillar of Housing Market With High Ownership Rate
Bill Braswell is staying put in his Virginia home even though he could sell it for 10 times what he paid in 1980 and some of his retired friends are moving to warmer climates. “I’m on boards and commissions and I enjoy that brain activity, so no, I don’t want to move to South Carolina […]
Powell Industries Tops On Q4 Earnings, Revenue; Backlog Up
Powell Industries, Inc. (POWL – Snapshot Report) announced fourth quarter fiscal 2014 earnings of 20 cents per share, outpacing the Zacks Consensus Estimate of a loss of 7 cents. However, the bottom line lagged the year-ago earnings of 75 cents per share by 73.3%. In fiscal 2014, Powell’s earnings were $1.62 per share lagging the Zacks Consensus Estimate […]
Yield Curve For December 3, 2014
The status for today’s ‘in a vacuum’ view is that risk is still ‘ON’ with yields rising (bonds dropping) and short-term yields rising more, meaning players are not seeking out liquidity. It’s stock favorable and gold unfavorable as it stands at the moment by this measure. 10, 5 & 2 year yields from Bloomberg
Junk Bonds Breaking 5-Year Support, Stocks To Follow
Click on picture to enlarge Many feel investors should “listen” to the message coming from Junk Bonds, due to them sometimes being a leading indicator for the stock market. The 2-pack above takes a look at the two largest Junk Bond ETF’s. (JNK) and (HYG) could be breaking 5-year support, as they have been a […]
Facebook Unaffected As It Angers Users
Facebook Inc. (NASDAQ:FB)’s new privacy updates seem to be upsetting users, with many resorting to posting a hoax privacy notice on their walls. They hope to protect their posts and photos from being tapped into, without their consent. However most users don’t realize their hoax notice does not provide any substantial protection. All of this […]
Anticipating Friday’s Employment Report For November
The economic mover and shaker this week is the Friday employment report from the Bureau of Labor Statistics. This monthly report contains a wealth of data for economists, probably the most publicized in the near term being the month-over-month change in Total Nonfarm Employment (the PAYEMS series in the FRED repository). Today we have the November estimate […]
Two Great Tips For Avoiding Debt
Dave Ramsey’s ‘Debt Snowball’ hits the target Being in debt is rarely a good idea, and even if you have just a limited number of obligations, it’s wise to start paying them off before they snowball out of control. The debt snowball Dave Ramsey, one of the most straightforward financial gurus that you’ll find online, […]
Royal Bank Of Canada (RY) Posts Impressive Q4 Earnings
Royal Bank of Canada (RY – Snapshot Report) reported impressive fourth-quarter and fiscal 2014 (ended Oct 31) results. Net income in the reported quarter came in at C$2.3 billion ($2.1 billion), increasing 11% year over year. For fiscal 2014, adjusted net income grew 10% from the prior year to C$9.1 billion ($8.4 billion). Moreover, after considering certain non-recurring […]
