NYC Rents Need To Fall Up To 15% Says Billionaire Real Estate Investor
Billionaire real estate investor Richard LeFrak sat down with Bloomberg this morning and unloaded some rather disappointing predictions for New York real estate owners, namely that they should expect 10-15% rent reductions over the coming months/years. As we have several times as well, LeFrak said the pricing weakness will come courtesy of a massive oversupply of new apartment […]
Dollar Slides In Asia As Fed Comments Sink In
On Wednesday, the U.S. Federal Reserve confirmed an interest rate hike of 25 basis points, sending U.S. stock prices broadly higher and confirming traders’ expectations, without giving any tangible hints towards future monetary policy. Nevertheless, according to a Reuters poll released on Wednesday, analysts expect at least two more rate hikes in 2017 and as […]
Dollar Bullish Or Bearish?
I have been bearish the Dollar expecting this downward move. Last night I closed all my Dollar short positions and today I’m opening Dollar longs. The Dollar index has reached the important 61.8% Fibonacci retracement and is looking ready for a bullish reversal. The Dollar index needs to reverse from current levels if my view […]
Pound, Franc Fireworks Unlikely On BOE And SNB Rate Decisions
A Bank of England monetary policy announcement tops the calendar in European trading hours. Governor Mark Carney and company seem firmly locked in wait-and-see mode however, meaning the outcome may not offer a lasting lead to the British Pound. The UK economy looks relatively well-supported despite a run of softer data over the past month but Brexit-related worries […]
An Introduction To Vegan Investing
Now, I’ll save the nitty-gritty bits of the vegan investing process for another time, but the main thing that restricts financial advisers from working with vegans is that they simply do not know how to create such a non-diversified portfolio and still gain returns comparable to the stock market. As my post yesterday on focus […]
BriaCell Phase 1/2a Trial Underway
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. On March 15, 2017, BriaCell Therapeutics Corp. (TSXV: BCT) (BCTXF) announced that the U.S. FDA had granted clearance to initiate the Phase 1/2a clinical trial of BriaVax™ in patients with advanced breast cancer. This is […]
Top 10 Habits Of Millionaires For Building Wealth
If building large amounts of wealth was easy, then almost anyone could do it. However, we know that only 6.4% of American adult population are millionaires, and the reality is that not all of those are self-made. What habits and practices helped this elite group in accumulating large amounts of wealth, and how can we […]
Bank Of Japan Leaves Policy, Economic Outlook Unchanged
Confirming the expectations of all 41 economists, The Bank of Japan changed absolutely nothing about its monetary policy tonight following The Fed’s 3rd rate hike in 11 years. The BOJ said in a statement that it would keep the two key rates at current levels, maintain the pace of its asset purchases, and did not change its […]
EUR/USD Post FOMC: S/T Momentum Indicators Turning Bullish – Danske
The Fed pushed the dollar lower and the Dutch elections provided another boost to EUR/USD. What’s next? Here is their view, courtesy of eFXnews: The overall message from the meeting was that the Fed is on track and delivered one of the three hikes it projected back in December 2016 -the Fed has not become more hawkish, […]
