Boston didn’t go nuts adding commercial space during the U. S. real estate boom, so it’s doing better now than other cities, Peter Merrigan and Frank Wuest, two top local builders say. Peter Merrigan, CEO of Boston-based real estate fund Taurus Investment Holdings, said the Hub’s strong university base, educated work force and good infrastructure…
In another crushing defeat for the oil bulls, the last two weeks have seen inventories screaming to the upside as weak demand combined with stable supply sees prices once again on the decline. Energy markets broadly remain oversupplied with the latest estimates showing that supply continues to outpace demand by nearly 1.5-2.0 million barrels…
Within an economy, there are different industries. and each industry would require a different central bank interest rate to function best. But there cannot be a different interest rate from a central bank for each and every industry. What happened when Sweden raised its interest rate? We hear that Sweden raised its interest rate a…
Axel Merk spoke with Greg Hunter of USAWatchdog about his reasons for buying gold. For Merk, it comes down to two things. First, the Federal Reserve and other central banks have trapped themselves – real interest rates need to remain near zero or negative. Second, basic valuations are way overextended – US stocks and the dollar are…
I was surprised to find that I wrote another piece with the same title — 8.5 years ago, before the housing bubble crashed. It was a short piece (with dead links). Here it is: I had a cc post over at RealMoney called Too Many Vultures, Too Little Carrion . The idea was that there’s too much money ready…
Low inflation is frustrating for central bankers. The reason? They can’t lower interest rates much below zero as long as investors have the option of withdrawing cash and putting it in the “Bank of Sealy Posturepedic.” And if inflation is near zero and interest rates are already at zero, then central banks can’t stimulate the economy by…
Shares of Synta Pharmaceuticals (SNTA) tumbled 63% yesterday after the compnay stated, it has completely dropping its phase 3 lung cancer trial. The company was testing its drug known as ganetespib in combination with docetaxel for second-line treatment of advanced patients with non-small cell lung cancer — NSCLC. The phase 3 trial known as GALAXY-2…
Intralinks: The meltdown of China’s equity markets that began in the summer, despite measures by officials in Beijing aimed at calming investors’ nerves, has left many global investors jittery. Is this just a correction of an overheated market or the start of something more serious, and how would you describe the mood in China at…
On October 13, 2015, Eros International, Plc (EROS), a major distributor and producer of Indian entertainment, held its inaugural Investor Day. The stock has been plunging ever since. EROS inauspiciously failed at 50DMA resistance as its investor’s day got started. In the 6 trading days since then, the stock is down a whopping 42%. Source: FreeStockCharts.com I…
Doug Casey was asked to leave the stage… If you’ve never heard Doug speak, you should. His controversial opinions always rile up the room. This time was no different… The founder of Casey Research opened our ninth annual Casey Research Summit this weekend in Tucson, Arizona, with a lively talk about “the perversion of words.”…
