Despite continued cuts in production and supply chain activity, inventory through November persists in great imbalance. With December retail sales demonstrating a Christmas sales season only worse in 2008 and 2009, that isn’t like to have changed. It’s not as if manufacturers and imports have been robust to build that much inventory; production is already in clear…
Video Length: 00:02:05 During the day on Thursday, we get the ECB interest rate announcement, but more than likely there will be any type of change. The real question of be what is set out the press conference, as it could give ideas as to what the central bank is going to do with other…
Gold prices ended Wednesday’s session up 2.1%, benefiting from a weaker dollar and falling equities. The XAU/USD pair traded as high as $1109.54 an ounce after a series of economic data out of the world’s largest economy disappointed the markets. The Commerce Department reported that housing starts declined 2.5% to a 1.15 million annualized rate…
Italian Bank Customers Pull Deposits The CEO of Monte dei Paschi, Italy’s third largest bank, and the oldest surviving bank in the world, admits Customers Pulling Deposits as share prices sink. Some Monte dei Paschi customers have been pulling savings out of the Italian bank, its chief executive said on Wednesday, as it faces a crisis over…
US News Johnson & Johnson to Restructure Medical Devices Businesses– Johnson & Johnson (NYSE: JNJ) disclosed restructuring actions in its Medical Devices businesses in a regulatory filing. The restructuring will allow JNJ to better serve the needs of customers and patients in today’s evolving healthcare marketplace. The actions include strengthening the go-to-market model, accelerating the…
A host on bubblevision this afternoon noted that the S&P 500 is now down $2 trillion for the year and wondered if his panel could explain “what’s happened since January 1st?” The implication, of course, was that since no new recessions have started—nor have any new wars been declared, polar glaciers melted or Wall Street banks gone down for the…
100% Normal And To Be Expected In this week’s video we noted that markets would be easy if they went up every day during a bull market and down every day during a bear market. As humans, when we see bearish charts, we tend to expect the market to drop every day. Since we know…
What do I see here in the light of day? Global debt continues to rise and has reached levels once deemed dangerous Major economies are far from balanced: The G-4 (US, Japan, Germany, China) Global deflation is intensifying There are abundant supplies of oil Central banks are low on ammunition and ideas Davos and global…
No one knows precisely how and when the global unraveling will impact their corner of the planet, but we do know one thing with absolute certainty: central banks are out of tricks. Like all good conjurers, the major central banks will claim that their magical powers to inflate asset valuations and inspire the animal spirits of risk,…
Photo Credit: Mike Mozart Key Takeaways The Estimize consensus calls for EPS of $0.90 and revenue of $34.197 billion, slightly higher than Wall Street’s estimates. Verizon still remains an attractive investments due to its steadily increasing profitability and generous dividends and buyback programs. The nation’s largest carrier has begun experimenting with 5G technology and devoting resources…
