Chinese stocks “unexpectedly” plunged last week in a fit of stormed selling that reminded of August rather than the placidity that has been claimed of China since. By mainstream account, China has fixed its bout of “selling UST” and “outflows”
November 30, 2015
“Cæsar was swimming in blood. Rome and the whole pagan world was mad. But those who had had enough of transgression and madness, those who were trampled upon, those whose lives were misery and oppression, all the weighed down, all
I have to admit that I am a news junkie. So my TV was glued to CNN on the day of the Paris terrorist attack. During its coverage, one of the CNN commentators mentioned that ISIS makes about $2 million a day in oil
I had the privilege of being on CNBC to discuss the significance of China being included in the IMF’s Special Drawing Right. Video Length: 00:03:24 The decision was announced shortly after the interview on CNBC. It was largely a foregone
Today offered a heavier than expected volume day post-holiday. The majority of this action was to the downside, but the Semiconductor Index bucked the trend. The latter index was able to push above its 200-day MA as it posted a
We are getting close to the first rate hike since the 2008 meltdown and all expectation is that Dec 14/15 will see the rate hike become a reality. The Fed expects the hikes to be gradual after this. However, this
While hyperinflating Argentina has begun discussing a rise in the denominations of its banknotes, and South Africa has admitted defeat in the currency wars, it appears Kazakhstan’s collapsing currency and crashing reserves has prompted action. Since allowing the Tenge to “free
The upcoming week will feature the release of important Q3 GDP data for several countries, including India, Canada, Brazil, Australia and Switzerland. Other important information includes monetary policy updates from the European Central Bank, the Bank of Canada, the RBA
We’ve pointed out the flaws in the price to earnings (PE) ratio many times before. Chief among these flaws is the fact that the accounting earnings used in the ratio are unreliable for many reasons: Accounting rules can change, shifting reported
Short answer? No “Davidson” submits: As usual the Saudi’s are mislabeled as over producers, Iraq and US are producing much more now than 2011. OPEC production is higher by 400,000, Saudi higher by 1.0mil, Iraq higher by 1.8mil and US
