McDonald’s (MCD) has been a very interesting stock to watch over the past year. Earlier in the year, the company struggled in a big way due to lacking sales. However, throughout the year, McDonald’s has made several positive changes and that has led to positive movement on the stock. Now, the strong recovery is…
On Monday Rxi Pharmaceuticals (RXII) announced that it had initiated a phase 2 trial to treat patients with warts. The phase 2 trial is known as RXI-SCP-1502, and will use the company’s Samcyprone gel. Samcyprone is a gel that creates a T-cell response to the disease being targeted. Samcyprone had been used for many decades…
<<< Read: Money Market Confusion Is Really Standard Procedure Picking up on the money market(s) discussion from yesterday morning, bill rates once again were suggestively shallow. The 4-week T-bill was just 14 bps in “yield”, well below the Fed’s new “floor” of 25 bps; the 3-month bill was just 24 bps and behaving nothing like what…
In 2015, exchange traded funds (ETFs) celebrated a 25-year anniversary by commemorating the 1990 launch of the Toronto 35 Index Participation Units. Thousands of ETFs have since been introduced—and many subsequently retired. Lost among the multitude of index trackers, however, are a handful of late-entry actively managed products. It’s fair to ask how good these…
Yellen said at least one thing of importance last week, but not in a good way. She confessed to the frightening truth that the FOMC formulates its policies and actions based on forecasts of future economic developments. My point is not simply that our monetary politburo couldn’t forecast its way out of a paper bag; that much they…
USDJPY: Having put in a temporary bottom at the end of Monday trading session, USDJPY looks to recover higher on price correction. This corrective view remains valid as long as the 120.33 support zone remains unbroken. On the upside, resistance resides at the 122.50 level where a cap may be occur again. Further out, we…
The world of work has changed, and the rate of change is increasing. Despite the hopes of those who want to turn back the clock to the golden era of high-paying, low-skilled manufacturing jobs and an abundance of secure service-sector white collar jobs, history doesn’t have a reverse gear ™. The world of work is never going…
Here we are again, down to the wire for us guys (if you are a guy) to get our Christmas shopping done, with only couple days left before it’s too late. The question many of us are asking ourselves is what to get our family, friends, boss, partner etc. for the holiday season? In a…
There are a few correlations that I find particularly compelling. The first is Chinese RMB (or CNY) next to WTI crude oil, as both are proxies in their own way of multi-dimensional crosscurrents between global “dollar” finance and real economy function. Since March, that correlation has come into renewed and tight focus. In the past…
by Timothy Taylor, Conversable Economist IMF statistics show that world GDP fell 4.9% from 2014 to 2015 which is almost as severe a drop as occurred from 2008-2009. Check out the bottom rows of Table A1 in the October 2015 issue of the World Economic Outlook, and you find that world GDP fell from $77.2 trillion in 2014 to $73.5…
