Over the weekend, the following happened: China’s exports and imports fell by 11.2% and 18.8%, respectively, numbers which, for a trading power, are nothing short of apocalyptic. Japan’s Q4 GDP shrank at an annualized rate of 1.4% which, for a country that had spent the previous three years borrowing and printing record amounts of new…
Though the cyber security industry has lost its momentum in the past several months, partially due to the weakness in the broad technology sector, it is poised for exponential growth in the coming years in the face of increasing cybercrime and the need to protect against these threats. According to Gartner, global security spending will…
Individuals are consistently promised that investing in the financial markets is the only way to financial success. After all, it’s so easy. Financial pundits across the country state the one simply buys a basket of mutual funds and they will make 8, 10 or 12% a year. On a nominal basis, it is true that…
It is now self-evident to any sentient being (excludes CNBC shills, Wall Street shyster economists, and Keynesian loving politicians) the mountainous level of unpayable global debt is about to crash down like an avalanche upon hundreds of millions of willfully ignorant citizens who trusted their politician leaders and the central bankers who created the debt…
Photo Credit: Scott Beale Rackspace Hosting, Inc. (RAX) Information Technology – Internet Software & Services | Reports February 16, After Market Closes Key Takeaways The Estimize consensus is calling for EPS of 0.24, 1 cent higher than Wall Street, and revenue expectations of $522.77 million, roughly $1 million above the Street Rackspace’s biggest threat is stiff competition…
Negative interest rates are becoming more and more in vogue and that could be good news for gold. Last week, Sweden’s central bank plunged a key interest rate even deeper into negative territory. Riksbanken slashed the rate from negative 0.35% to negative 0.50%. Many analysts anticipated the rate reduction, but the magnitude of the cut caught most…
Having bounced 22% off Thursday’s lows, amid endless confidence-inspiring chatter (of buybacks, bailouts, bank CEO buys, and SWFs saving the day), Deutsche Bank closed lower on the day, tumbling over 6% from its opening highs as the reality of the credit markets continues to sink in. So, no, Deutsche Bank (and its $64 trilion derivatives book) is…
Draghi’s Hesitation In a Hearing at the European Parliament’s Economic and Monetary Affairs Committee, ECB president Mario Draghi said the “ECB will Not Hesitate to Act“. In December, Draghi disappointed the market by cutting interest rates to -0.3%. Economists say Draghi did not do enough to boost ECB asset purchases and/or he did not cut rates…
Green Days And Green Weeks Common During Downtrends If we were having dinner with a friend while the markets were closed, it would be easy to say, “yeah that makes sense” in response to the following statement: During a bullish trend, stocks do not go up every day. During a bearish trend, stocks do not…
The Euro weakened on Mario Draghi speaking regarding Monetary policy for the European Union today. Gold saw some profit taking as a result with the boost to the U.S. Dollar. (Video length 00:11:46)
