Back in January 2014, we reported that Goldman’s merchant banking unit rushed to buy an 18% in Denmark’s DONG Energy (that would be Danish Oil & Natural Gas) company for $1.5 billion. The result was an immediate grassroots resistance campaign, as hundreds of thousands of Danes refused to hand over their DONG to the vampire…
Gerald Celente of the Trends Research Institute has just gone on the record with a prediction that there will be a stock market crash by the end of this calendar year. If you are not familiar with Gerald Celente, he is one of the most highly respected trends forecasters in the entire world. He…
Learning from Q2 earnings results that showed muted top line, efforts by banks to ramp up revenue growth were commendable in the last five trading days. Banks have been striving hard to boost their top lines through inorganic growth strategies and restructuring of business lines. However, the focus shifted from earnings to legal issues and…
The ratio of full time jobs to population (Actual – Not Seasonally Finagled) rose to 49% in July. That’s finally back to the recession low for the month of July… Wait for it… The 1982 recession low. Full Time Jobs Ratio
There’s been a remarkable surge in world oil production over the last year. And the United States is only part of the story. World oil production basically stagnated over most of the last decade. From January 2005 to April of last year, daily production of crude oil and condensate increased by less than half a…
It appears that there are no significant economic announcements during the session on Monday, so we think that this is a perfect set up for a session that is going to be very quiet. We have certain ranges that we are plain again and again, and that’s exactly what we are going to look to…
After Thursday’s selling there was some follow through in the morning, but buyers stepped up to the plate to retake most of the losses by the close of business. Not all indices are in the same degree of trouble, and for some, range bound trading remains. The Nasdaq closed above a former support level of…
The media sector faced a major setback as most stocks plummeted recently. Notably, the media companies are currently dealing with a crisis that has trickled down from the pay-TV sector, the distributor of the media content. Over the last couple of years, the internal dynamics of the U.S. pay-TV industry have witnessed a gradual shift…
On Saturday, we got what we called a stark “reminder of just who is lying hunched over, comatose in the driver’s seat of global commerce” when China reported that exports fell 8.3% in July, far more than consensus and the most in four months. This, we argued, was further evidence that China will ultimately be forced…
The Retail sector is the only one where a significant number of Q2 earnings reports are still awaited at this stage; the reporting cycle has effectively come to an end for most of the other sectors, particularly in the large-cap S&P 500 index. Almost 90% of the S&P 500 members have already reported Q2 results,…
