Monthly Archives: December 2014

Chicago Fed: Economic Growth Accelerated In November

“Index shows economic growth accelerated in November”: This is the headline for today’s release of the Chicago Fed’s National Activity Index, and here are the opening paragraphs from the report: Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) rose to +0.73 in November from +0.31 in October. Two of the…

Bull Of The Day: Rite Aid (RAD)

Rite Aid’s shares surged after the company reported excellent results and raised its guidance. As the turnaround appears to be back on track on now, shares are likely to continue to move higher. Headquartered in Camp Hill, Pennsylvania, Rite Aid Corporation (RAD) is the third largest retail drugstore in the U.S., based on revenues. The company has…

Belarus In Full-Blown Hyperinflation Panic: Blocks News, Online S

​“We have to do something with these Belarussian rubles,” exclaims one Belarussian as she shops to turn worthless rubles (BYR) into physical assets. As AFP reports, The Belarussian currency was dragged down by the slide of the Russian ruble last week, leading authorities to impose draconian measures, forbid price increases even for imported goods, and warn people against…

Top 10 CEO “Trust” Stories Of 2014

Last week an acquaintance reported on the ten biggest reputation disasters of 2014- City of Ferguson, Flight MH370, Ray Rice, Bill Cosby and so on…. The focus remains on the negative under the premise that “bad news sells.” I’m tired of these stories. They serve no purpose other than to attract “eyeballs” and perpetuate negativity….

Ruble Anti-Panic

Going the Other Way Even while newspaper headlines are still full about the ruble’s panic sell-off last week, the ruble has actually risen by 39% from last week’s intra-day lows near 80 to the dollar over the past five trading days (1 ruble was 0.0125 dollars at one point on December 16, while at the time of writing early…

If Wishes Were Loaves And Fishes

Janet Yellen and her Federal Reserve board of augurers might as well have spilled a bucket of goat entrails down the steps of the mysterious Eccles Building as they parsed, sliced, and diced the ramifications in altering their prior declaration of “a considerable period” (that is, before raising interest rates), vis-à-vis the simpler new imperative,…

Obama Could Stifle North Korea’s Shakedown Of Sony

The American people now have a censor—North Korean dictator Kim Jong Un, and they can thank President Obama’s failure to defend their rights to free speech and privacy. After hacking Sony’s computer network and subjecting its employees to identity theft and public embarrassment, North Korean hackers threatened theater chains with a 9-11 attack if they…