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 […]
Fairway Group Likely To Beat On Bottom Line EPS – Strong Acquisition Candidate
Fairway Group Holdings Corp. (NASDAQ: FWM) earning’s report is scheduled for May 28th, 2015, but no 8K has yet been filed to confirm this date. We will assume the company will report on this date as it normally does not file an 8k to officially announce earnings, but rather stays on a set schedule. We feel the […]
Northstar Is Far From An Intelligent REIT Alternative
Warren Buffett famously said, “Never invest in a business you don’t understand.” That’s one reason that I have never hit the BUY button for Northstar Realty Finance (NYSE:NRF). I’m sure that the New York-based REIT is a sound business, but the complex structure seems to provide less transparency, often distorting the true value of the company. I’ll […]
Will The Breakout To New Highs Stick This Time? – Weekly Market Outlook
The S&P 500 Index ended last week at a new high, and the technical trend momentum picture is bullish. But we’ve seen similar moves since February reverse several times, as the market has remained in a choppy and grinding narrowing range (with a mild upside bias). The $64,000 question: Do we trust the move we just got […]
Gold Jumps Despite Stronger Dollar As Grexit Gets Ever Nearer, Futures Flat
With equities having long ago stopped reflecting fundamentals, and certainly the Eurozone’s ever more dire newsflow where any day could be Greece’s last in the doomed monetary union, it was up to gold to reflect that headlines out of Athens are going from bad to worse, with Bloomberg reporting that not only are Greek banks running […]
Telecom Combats Stiff Competition, Net Neutrality
The U.S. telecommunications industry is currently faced with pressing concerns like intense pricing competition and severe spectrum crunch. Also saturation level adoption rates for smartphone and tablet are compelling wireless operators to seek other options for revenue generation. Massive promotional expenditures and cut-throat pricing competition are major concerns presently plaguing the industry. In addition, the […]
