When last we checked in on Puerto Rico’s seemingly intractable debt debacle, Governor Alejandro Garcia Padilla was pandering to Congress in an ill-fated attempt to secure some manner of federal intervention that would help to alleviate the strain on the island’s finances. Meanwhile, the commonwealth avoided a messy default on $273 million in GO debt by using…
“Davidson” submits: Market volatility has always been with us. But this market has been different since 1995 when Hedge Funds began to exert price dominance. Prices are set by the dominant market psychology. Since 1995 we have seen wide variations of the SP500 vs. SP500 Intrinsic Value Index (SPY)-see chart-which was designed to track the process…
Late Tuesday night, Congress voted to extend federal subsidies for renewable energy.The tax credits were set to decline significantly for the solar subsidy by the end of next year, but U.S. lawmakers extended the credits through 2019.This applies to commercial installations, and home solar kits.After 2019, the credit will decline from 30% of the price…
The New York Times has a fascinating article about the birth of the China-led Asia Infrastructure Investment Bank (AIIB), and how Washington’s lack of leadership and bad judgment resulted in its humiliating defeat. Apparently, China first lobbied the U. S. to join the AIIB in 2014 when the bank was still a concept. But a skeptical Washington…
Completing Economic and Monetary Union: Rebalancing European Economic Governance (ETUC position) Adopted at the ETUC Executive Committee on 16-17 December 2015 Introduction The Commission Communication of 21 October describes the initiatives the Commission will undertake in stage 1 of the process to deepen EMU. In this stage, the Commission will intensify the use of policy…
The CAC40 is attempting to breakout lower this morning, and is currently trading down -.96% on the day. Price is currently testing support which is found at the S4 Camarilla pivot at a price of 4,623. If prices continue to break lower, it would be significant as it would be the first bearish breakout for…
It seems the only emerging market on investors’ radar currently is India. And with good reason… In the spring of 2014, reform-minded Prime Minister Narendra Modi was elected. Under his stewardship, India has become the world’s fastest-growing economy. Last quarter, India’s GDP came in at 7.4%. In 2016, growth in India’s GDP should come in around 7.6%….
One of the most challenging aspects of options trading is timing. Whenever you turn on the TV, you see a different expert telling you that it’s impossible to time the market. Or you see another giving you THE fail-proof strategy for timing the market perfectly. This leaves retail investors and traders scrambling to buy their stocks at…
The FOMC at least still knows how to throw a party. It may not be what it once was, but for one day there was the familiar euphoria predicated upon the wish that central bankers might know something about anything. All-too-quickly, however, it vanished as it becomes increasingly clear, despite all attempts to rewrite this…
Earlier today Caterpillar reported its latest monthly retail sales statistics, and the numbers continue their deplorable trend: Asia/Pacific (mostly China) was down -17%,EAME dropping -5%, Latin America down -37%, the US down -5%, and global sales continuing their double digit decline for one more month down -11% in November. But what is more depressing is…
