The bear market resulting from the Greek election lasted about 37 seconds early this morning, but we’re now back to new-highs-everywhere mode. One notable exception continues to be emerging markets, which I think are setting themselves up for a start-of-2015 tumble.
Who could have possibly anticipated that the one state that contributed the most high-paying jobs during the “recovery” on the back of the shale miracle, is facing recession (as JPM predicted)? Certainly not economists, who have correctly predicted exactly zero of the last 20 economic recessions, and whose lowest estimate for today’s Dallas Fed manufacturing outlook survey was…
Russia is not some Zimbabwe-to-be. It’s sitting on a surplus of foreign assets and very healthy foreign exchange reserves of around $375 billion. Moreover, it has a strong debt-to-GDP ratio of just 13% and a large (and steadily growing) stockpile of gold. This is why Russia will arrest the ruble’s slide and keep pumping oil….
by Jody Chudley, Daily Reckoning One of my very favorite investors is Bruce Berkowitz, who manages the Fairholme Fund (FAIRX). I love the way the man invests. His portfolio is concentrated on his very best ideas, most of which are highly contrarian. At one point after the global financial crisis, he had an incredible 40% of…
The common currency Euro remained close to a 2-year trough as an impending vote in the Greek parliament could be the trigger point for the latest concerns over Greece’s future. The Greek Parliament has, twice now, failed to elect a president, and if it fails once again a snap election could mean that Syriza party, which has…
Is Being Rich a Status or a Feeling? Feeling rich isn’t always related to how much money you have. As a financial advisor for more than 20 years, I’ve met multimillionaires who are dissatisfied with what they have, and I’ve encountered people living paycheck-to-paycheck who are extremely satisfied with their financial situation. What creates this…
Over the past six months, the Canadian dollar has been the best performing of the major currencies against the U.S. dollar. It has only lost about 8.3% against the greenback. On the other hand, the Russian ruble is the worst performing of currency. Over the past six months it has lost almost 40% against…
Software developer Microsoft Corporation’s (MSFT – Analyst Report) executives, both former and current, including former chief executive officer (“CEO”) Steve Ballmer have been sued by The Internal Revenue Service (“IRS”) over the company’s past tax practices. Internal Revenue Service is the U.S. federal agency responsible for collecting taxes and enforcing tax laws. The IRS is currently carrying out…
See the current Top 10 lowest PEG ratio Dividend Aristocrats Performance of Low PEG Dividend Aristocrats since May 22nd, 2014 Why the PEG ratio needs a slight modification for dividend stocks Download Excel spreadsheet of all 54 Dividend Aristocrats sorted by the modified PEG ratio On May 22nd, 2014, I wrote an article on the 10…
Our January 2015 Economic Forecast continues to show a stable and growing economy – with a modest decline in growth from last month. All portions of the economy outside our economic model – except housing – are showing expansion. There are no warning signs the economy is faltering, but there are some restraining dynamics. The…
