Gold Ends Week Above $1110
Gold prices settled at $1115.06 per ounce, gaining nearly 1.9% over the course of the week, as increasing demand for protection against volatility in global equities markets lured some buyers back into the market. Gold had enjoyed a bounce earlier in the week, following the turmoil caused by Beijing’s surprising actions, but dented some of […]
3 Investing Tips For Millennials
An April survey from Bankrate.com found that just 26% of Americans under 30 are invested in the stock market. Heavy student debt is one obvious reason, but there are other factors, as well. The financial crises of the last decade have given millennials the impression that Wall Street isn’t exactly honest and that investing is best left […]
EU Session Bullet Report – USD Recovers, EUR In Neutral Zone
USD Recovers, EUR in neutral Zone The USD is slowly recovering from its slide last week, following the news that china was devaluing its currency. Although the probability of the FED increasing rates in September wasn’t helped by the mixed data on Friday, it seems that optimism has returned in favor of this scenario. EURUSD […]
Asian Currency Crisis Continues As China Holds, Malaysia Folds, & Japan Heads For Quintuple Dip Recession
Asia got off to an inauspicious start this evening with Japan printing a disappointing 1.6% drop in GDP – heading for its fifth recession in 6 years… so much for Abenomics, but, of course, Amari spewed forth some standard propaganda that he expects Japan to recover moderately (and Japanese stocks popped modestly assuming moar QQE). Then Malaysia […]
The Fraud Of The New “Family-Friendly” Work
Netflix (Nasdaq: NFLX) announced it’s offering paid leave for new mothers and fathers for the first year after the birth of adoption of a child. Other high-tech firms are close behind. Some big law firms are also getting into the act. Orrick, Herrington & Sutcliffe is offering 22 paid weeks off for both male and female attorneys. […]
Blowout In Some Corporate Bond Spreads; Bond Funds Post 3rd Week Of Outflows
Bond Funds Post 3rd Week of Outflows Reuters reports High-yield, Investment-Grade Funds Post Third Week of Outflows. U.S-based high-yield bond funds reported $1.2 billion in outflows, while U.S.-based investment-grade corporate bond funds posted their biggest cash withdrawals since June 2013, at $1.8 billion, data from Thomson Reuters’ Lipper service showed on Thursday. The latest figures, for […]
China, The Hollow Dragon
In terms of profitability and trade-generated wealth, China is a hollow dragon. It is widely assumed that manufacturing (a.k.a. the world’s workshop) is the source of China’s wealth. But how can this be true, given that manufacturing profit margins are razor-thin in China, and have been since the early 2000s? Given that as little as $10 of […]
Russian 2Q Growth: Beating Forecasts On The Wrong Side
by Constantin Gurdgiev, TrueEconomics.Blogspot.in With apologies for a slight delay (I am actually away from work these weeks), here is a quick update on Russian 2Q 2015 GDP figures. Those who read my musings on the Russian economy would recall that in recent months we have been seeing some signs of stabilisation in the economy performance, […]
Binary Options Trading Opportunities – August 17, 2015
Very little on economic docket With only the Housing Market Index numbers coming out of America, and the Trade Balance numbers coming out of the European Union, we believe that more than likely it will be a fairly quiet session as far as reactions are concerned. However, there are setups out there in the marketplace […]
Here’s What You Need To Know About Industrial Production That Big Media Didn’t Tell You
U.S. Industrial Production Ratchets Up in July trumpeted the Wall Street Journal on Friday. It added that, “Industrial production, a measure of output in the manufacturing, utilities and mining sectors, rose a seasonally adjusted 0.6% in July from June, the Federal Reserve said Friday. It was the largest gain since November and the second straight […]
