Remember June – when everything was (apparently) awesome in BRIC-land and somehow a large group of duration-seeking greater-fools used Other-People’s-Money to buy Petrobras bonds that mature in 100 years! Well those bonds are now trading less than 70c on the dollar
September 11, 2015
The future of China is so bright you need to wear sunglasses inside to see. That’s the essence of recent propaganda from China, where the state promotes good lies with discussion of the bad truth strictly forbidden. Please consider Don’t Fret
Given a sufficient number of people and an adequate amount of time, you can create insurmountable opposition to the most inconsequential idea. – Anonymous Contrarian investing is a vibrant sports ground and not an inert one. The hypothesis that it’s
The Sentier Research monthly median household income data series is now available for July. The nominal median household income was up $86 month-over-month and up $1,212 year-over-year. That’s a an increase of 0.2% MoM and a 2.2% YoY increase. Adjusted for inflation,
WTI crude oil prices slumped today (Friday) and could see a weekly decline of more than 3% after a new Goldman Sachs Group Inc. (NYSE:GS) price forecast. At 10 a.m., WTI crude oil prices were down 2.9% and trading at $44.61 a barrel.
Next week we’ll find out if the longest-ever will-they-or-won’t-they drama involving a virtually insignificant quarter-point interest rate change will amount to anything. But either way, US monetary policy is already a lot tighter than it was a year ago. The
The Producer Price Index year-over-year deflation continued – and deflation was unchanged relative to last month. The intermediate processing continues to show a large deflation in the supply chain. The PPI represents inflation pressure (or lack thereof) that migrates
Baidu led a new $1.2 billion investment round in Uber. Uber plans to expand its operations in China, relying on Baidu’s technical and political means. The investment in Uber is part of Baidu’s very profitable online-to-offline (O2O) business model. Uber
With Saudis blowing off an OPEC leaders meeting, Iran slashing prices to 3 year lows inventories rising rapidly but US production dropping quickly, and Goldman calling for $20 oil possible, it has been a busy (and mixed) week for oil news. Add to
I’m not sure if it’s the fact that I’ve recently taken over a service called Home Run Investor or if it’s the exciting baseball my Cubbies have been playing but I’ve got swinging for the fences on the brain. In today’s Bull
