The US National Hurricane Center just reported that tropical storm Matthew is heading for the Central Caribbean Sea. The tropical storm is moving west at 15 mph with max sustained winds of 65 mph.
Quanta Services provides infrastructure contracting services to the electric power, gas, telecommunications and cable television industries. After a big storm (Read More….)
Pension funds in the US could be close to a collapse. There is an estimated $1.9 trillion shortfall in U.S. state and local pension funds because of low-interest rates and a sideways US stock market. Even stocks falling overseas is a problem for pension funds.
Credit Suisse published the chilling chart below on the funding (Read More….)
Saudi stocks have plunged as a result of new austerity measures aimed at cutting costs due to the lower price of oil.
The BBC writes…
A royal decree said ministers’ salaries would be reduced by 20%, and housing and car allowances for members of the advisory Shura Council cut by 15%… About two-thirds of (Read More….)
The most jaw-dropping part of the debate between Donald Trump and Hillary Clinton was when Hillary made what I think history will record as the biggest mistake in debate history.
Hillary Clinton said, “It’s just a fact, that if you’re a young African-American man, and you do the same thing as a young white man, (Read More….)
Japan PM Abe’s Economic adviser Hamada said today that strength in the yen is damaging confidence in the Japanese economy and may hurt the BOJ. The mainstream financial media is reporting that Hamada said, “Unless the speculative forces in the foreign-exchange market that block the regular transmissions of monetary policy are corrected by the MOF, (Read More….)
The US national debt just broke above $19.5 trillion. Both Democrats and Republicans are to blame, but it is important to note that President Obama and Democrats increased the national debt more than all President’s before combined.
George Bush exploded the national debt by $3 trillion in response to an imploding economy and 911. (Read More….)
Mexico is devaluing its currency to gain a huge advantage in international trade. Democrats and the Obama Administration have done nothing to stop it.
Like most economists, I am for free trade; however, free trade today is not what it was in the 90s. The concept of international trade works because of comparative advantage. (Read More….)
I’m so glad I got out of my short position or actually volatility position a day ago when I spotted the Get Shorty trade. What a brutal beheading of Bears. Talk about a Bear fakeout. When I saw institutional traders playing Get Shorty, I knew something was stinky about the idea that everything was so (Read More….)