Previewing today’s market: near record low liquidity, with chance of ridiculous volatility in the Ruble, energy and equity markets. While no doubt today’s main event will be the “considerable” FOMC announcement and the Fed’s downward-revised economic projections followed by Yellen’s press conference, what traders will be most excited by is that, finally, Jim Bullard will…
Major magazine publisher Time Inc. just announced a partnership with Coinbase that will enable readers to pay for their subscriptions in Bitcoin. Time stated that are very excited about the partnership and will work closely with the Bitcoin industry in order to provide greater value to its subscribers. Many industry experts believe that the announcement…
A few days ago, a broken clock atop a local row of shops caught my eye. It wasn’t so much that the clock showed the wrong time but that someone had added decorative holiday bows at its base. This means that the individual had to have seen that something was wrong but looked the other…
It’s the middle of December and the headlines are still screaming lower oil prices and energy names. A few days ago I wrote a post about pure play iron and steel companies that are also experiencing the same sell off as oil. It seems that quite a few commodities are in a current free fall which seemingly…
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW – 111 = 17,068 SPX – 16 = 1972 NAS – 57 = 4547 10 YR YLD – .04 = 2.07% OIL – .58 = 55.33 GOLD + 1.50 = 1196.00 SILV – .47 = 15.82 Allow me to provide some perspective. On December…
The US dollar’s recovery that began yesterday continues today. The euro reached the 50% retracement objective of its slide since mid-October (~$1.2565) and now is more than a full cent lower. The dollar’s slump against the yen ended just above the JPY115.50 level, also a key technical retracement level. The dollar’s high today was JPY117.50. This is…
I reflected in a post last week that we should have had less accommodative monetary policy and more fiscal policy since the crisis… Thoughts on Investment, IS-LM & Effective Demand. Today Paul Krugman also had what appears to be a moment of reflection upon monetary perspectives… The Limits of Purely Monetary Policies. He recognizes the limitations of…
The crisis revolving around the Russian ruble and the rout in oil prices is sending shockwaves throughout the financial marketplace. Investors are looking for a way to cover their bonds as yields on British, German and Japan sovereign debt hit record lows and long-dated U.S. and Australian yields reached their lowest since 2012. Russia’s faltering…
A number of years ago I was invited – or to be correct, invited myself – to a long NATO ‘workshop’ in Portugal that I was anxious to attend in order to draw attention to a book I had just published on natural gas. To say that I was unwelcome would be an understatement, because…
PepsiCo (NYSE: PEP) is one of the most well-known and highly regarded dividend stocks out there, and for good reason. PepsiCo has a long track record of paying a dividend. It also has the financial strength to raise its dividend year after year. This makes PepsiCo an ideal dividend stock for investors to buy, particularly…
