A journalist’s question during Mario Draghi’s ECB post-meeting press conference: “…There was a sharp reaction from financial markets to your Sintra speech. You must have looked at the Fed experience of 2013. Is there any concern in the Governing Council that the so-called tantrum or a similar reaction can happen in the eurozone when you start discussing changes in your stance?
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Sears stock has surged over 43% in the last month, making investors think it’s a buy.
But we recommend investors stay as far away from Sears stock as possible.
The gold price is up near its highest level since June 23, putting it on track for a weekly gain of 1.7%.
And we expect it to keep rebounding from recent lows through the second half of 2017.
The news today will focus on the conclusion to a busy week of earnings reports and Amazon’s entry into the home improvement market.
Key reports from Honeywell International (NYSE: HON) and General Electric (NYSE: GE) will drive early performance in today’s morning trading session.
For all his blunders and stumbles in his first half-year as President (cough cough), Donald Trump seems to have more lives than Schrödinger’s Cat. Or maybe it just seems that way. Or maybe he isn’t really there at all
Lies, half-truths and cover-ups are all manifestations of fatal weakness.When we can no longer tell the truth because the truth will bring the whole rotten, fragile status quo down in a heap of broken promises and lies, we’ve reached the perfectio…
A neat data summary for the European ‘real economic debt’ dynamics since 2006:In the nutshell, the Euro area recovery:Government debt to GDP ratio is up from the average of 66% in 2006-2007 to 89% in 2016;Corporate debt to GDP ratio is up from the aver…
(Kitco News) – Most world stock markets were firmer overnight, continuing to see upside support from generally upbeat corporate earnings reports. U.S. stock indexes hit record highs on Wednesday and are poised to move still higher when the New York day session begins.
Each new policy destroys another level of prudent fiscal/financial discipline. The primary driver of our economy–financialization–is in a death spiral. Financialization substitutes expansion of interest, leverage and speculation for real-wo…
As noted before, the Federal Reserve’s Beige Book collection of local bank district anecdotes are fascinating for all the wrong reasons. What is revealed is not the state of the economy, but rather the state of how policymakers perceive or often wish the economy was at various points. If the 2007 Beige Books are a…