Americans could save $1 trillion over 10 years by financing infrastructure through publicly-owned banks like the one that has long been operating in North Dakota. President-elect Donald Trump has promised to rebuild America’s airports, bridges, tunnels, roads and other infrastructure, something both Democrats and Republicans agree should be done. The country needs a full $3 trillion in…
The pound dropped on the Supreme Court decision but bounced back. It might be too expensive now. Here is their view, courtesy of eFXnews: After a volatile ride on Tuesday, sterling posted a remarkable recovery on Wednesday. GBP/USD rallied through 1.26 while EUR/GBP dropped below 0.8550. With Prime Minister Theresa’s May speech (last week) and the Supreme Court…
The smart home of the near future will use sensors, apps, and unprecedented connectivity to make our lives safer and easier. But what will our homes look like in the more distant future, beyond the implementation of advanced home monitoring systems and other smart devices? THE FUTURE IS BIZARRE Today’s interactive infographic comes to us from RS Components,…
Below are some of the top dividend stocks going ex-dividend during the week of January 31 – February 3. Written by Timothy J. McIntosh 1. Pfizer Inc. (NYSE: PFE) will go ex-dividend on Wednesday, February 1. The pharmaceutical company currently offers a dividend yield of approximately 4%, which is well above the industry average of…
Needless to say, I’ve spent a fair amount of time talking about currencies this year. As noted, I’m thoroughly convinced that geopolitical turmoil will play havoc across FX markets in 2017. Just look, for instance, at the British pound, which Deutsche Bank believes may become “irrelevant” going forward thanks to the impact of Brexit. And then…
The Dow Jones Industrial Average provides us with some pretty strong evidence that our “stock market boom” has been fueled by debt. On Wednesday, the Dow crossed the 20,000 mark for the first time ever, and this comes at a time when the U.S. national debt is right on the verge of hitting 20 trillion dollars. …
In all the palaver about “alternative facts”, President Trump’s economic direction and the fiasco that is Brexit, it is easy to overlook other economic news. However, it is possible that “alternative facts” is not a unique US product. The Chinese economy caused a big wobble to the global economy last year with concerns that its…
The UK economy is defying the EU Referendum for the second time in a row, growing by 0.6% q/q and 2.2% y/y in Q4 2016. Both figures are 0.1% above early estimations. This kind of expansion is not steaming hot or inspiring but it is certainly solid and healthy. And, when taking the projected “Brexit cliff” into…
The British Pound outperformed in overnight trade, seemingly not bothered by an approaching UK GDP report that is expected to show growth slowed in the fourth quarter. The figures are expected to reveal output grew at an on-year rate of 2.1 percent, a downtick from the 2.2 percent expansion scored in the three months to September 2016. Sterling’s resilience…
The Materials ETF has avoided the financial headlines and quietly assumed the market’s sector leadership. It has more than doubled the performance of the S&P 500 over the past year, suggesting some sustainability of the move. Latin America returns to the top of the global rankings after a 10-week absence. Sectors: Materials climbed two places higher…
