That would be, drumroll please, Chicago Fed President Charles Evans, again. This is via MarketWatch: In a speech to the C.D. Howe Institute, an independent not-for-profit economic research firm based in Toronto, Evans said policy makers should vow low rates until unemployment falls below 6.5%, as long as inflation is not forecast to rise above…
Courtsey Sid Verma of Euromoney: Carney cuts a statesman-like figure, rising above partisan affiliation, respected even by his detractors, and consistently open to dialogue, say bankers, all of whom are critical of the intellectual and operational thrust of Basel III. But, Carney seems to be having a running feud with JP Morgan’s Jamie Dimon or,…
Citing Wall Street Journal, Business Insider reports that Amazon is seeking to raise $3 billion in debt. This is the good side of low interest rates. Perhaps, Amazon has big expansion plans. And why not? It’s paying 0.38 to 0.93 percentage points more than comparable Treasury rates in interest for the bonds, which mature in…
It seems that the Wizard of Omaha has seen so many Jon Stewart and Colbert Nation episodes that some of their talents has rubbed on him. From his op-ed in New York Times: And, wow, do we have plenty to invest. The Forbes 400, the wealthiest individuals in America, hit a new group record for…
From Bloomberg: The preliminary reading was 50.4 for a purchasing managers’ index released today by HSBC Holdings Plc (HSBA) and Markit Economics. It compares with a final level of 49.5 for October. A reading above 50 indicates expansion. Gains in manufacturing bolster prospects for a sustained pickup in economic growth that slowed last quarter to…
Shanghai Composite peaked in October 2007 at 6124 after rising almost six fold from July 2005 low of 1015. Then along with rest of the global equity markets it crashed, finally bottoming in October 2008 by reaching a low of 1665. Since then once a global leader, it has been a global laggard. In the…
Trading with Elliott wave analysis (Here are Part 1 and Part 2 of this article.) Think of Investing as a Trip Here’s my advice: View the Elliott wave Principle as your road map to the market and your investment idea as a trip. You start the trip with a specific plan in mind, but conditions…
Again from Bloomberg: Bernanke in a February House hearing: “Under current law, on January 1, 2013,” Bernanke said, “there’s going to be a massive fiscal cliff of large spending cuts and tax increases.” Bloomberg contd. The vivid imagery and false urgency of the term transformed budget arcana into a national Wile E. Coyote moment. The…
From Bloomberg: Trade accounted for about 29.2 percent of U.S. economic activity in 2010. That makes the U.S. the most closed of all developed nations according to “trade intensity,” which is calculated as the sum of exports and imports, divided by gross domestic product. […] Standard measures of trade intensity, if anything, probably understate the…
Friday, November 16, 2012, saw major US indices make reversal days. Almost all – Dow Jones, S&P 500, NASDAQ and Russell 2000 – had outside reversal days. Dow and Russell 2000 also made bullish engulfing candles. In outside day pattern the high of the day is higher than the previous day’s high and the low is lower…
You must be logged in to post a comment.