Wow a 25 basis points rise after massive printing of money and unprecedented debt creation. The Global capital markets are now so distorted they are actually celebrating the rise. At least for a day or two but don’t expect the rally
December 16, 2015
As I indicated in Tuesday’s summary the Fed will likely raise interest rates modestly but add plenty of “dovish” language. Markets loved this allowing for outsized gains heading into year-end better performance. There’s a major disconnect between Yellen’s rosy view
Oracle Corp.’s (ORCL – Analyst Report) second-quarter fiscal 2016 adjusted earnings of 59 cents easily beat the Zacks Consensus Estimate of 57 cents. However, earnings declined 9.2% from 65 cents reported in the year-ago quarter. Adverse currency translations owing to the strengthening
As expected the Fed raised its interest rates and it looks like any further action taken will be gradual as it is willing to remain accommodative. Regarding its two mandates of full employment and target inflation @ 2.0%, it currently perceives “considerable”
That the velocity of money has been crashing while the money supply has been exploding doesn’t seem to bother the mainstream pundits. There is always a fancy-footwork explanation of why whatever is crashing no longer matters. Take a look at these
Like industrial production, the condition of oil inventory in the US was updated today in contradiction of the expectations driving Federal Reserve models expecting “transitory” weakness to simply pass into history. Unlike the virtual conditions for the FOMC, crude oil
Unemployment Claims During the day on Thursday, we have several announcements coming out that can move the marketplace, such as the Retail Sales numbers coming out of London, the unemployment Claims number coming out of America, and of course the
As many predicted, this was announced during the Fed meeting today. After all the anticipation, the Fed increased its target rate by a quarter of a percentage point (0.25%). So how will it affect investors? The Fed’s December rate hike signaled the
By early 2007, homeowners in the United States were already in trouble. Many were having serious problems making their mortgage payments. But former Federal Reserve Chair Ben Bernanke downplayed the risks. On March 28, 2007, he reassured Congress, “The impact
We know this is true, girls just want some fun. Cyndi Lauper had it right. But what does the new cabal of economists want? Seems like there is a not so secret cabal of them, maybe lead by Scott Sumner,
