David Stockman: Washington Is Kicking The Can While Wearing A Bli
Why we need to stop ignoring the U.S. debt problem? Video Length: 00:13:14
Finance
Proposed Illinois Tax Hikes: Financial Transactions, Millionaires
Illinois pension plans are in extremely dire shape, especially given the stock market returns over the past few years. The Illinois Spendaholics have proposed a huge array of tax hikes to make up the shortfall. Ben VanMetre at the Illinois Policy Institute explains in this guest post. Illinois politicians propose $100B in tax hikes over…
We’re All Hedge Funds Now
As negative interest rates spread from Switzerland, Japan and Germany to the rest of the developed world, people with money to invest face some life-defining issues. Retirees who need to generate 6% to avoid dipping into principal can’t get there with bank CDs. Pension funds that have promised an 8% return in order to meet…
US “Isolated” As Key Ally Japan Considers Joining Chi
Well, that escalated quickly. Just a week ago it appeared Washington had managed (for the time being at least) to convince the US’ closest allies to refrain from joining the Asian Infrastructure Investment Bank, a sinocentric institution aimed at promoting development across Asia that is meant to rival the US/Japanese-led ADB and begin a seismic…
On Your Mark, Get Set, GoDaddy Is Going Public
The stage is set for website host and Internet domain registrar, GoDaddy, to raise as much as $418 million. On Thursday, it priced its planned IPO at $17 to $19 per share. This gives the company a valuation of $2.87 billion (At the high-end of the $17-$19 range). GoDaddy is set to offer 22 million…
Amazon Prime Air Returning To The Skies After FAA Approval
Amazon.com, Inc. (NASDAQ:AMZN)’s “Prime Air” concept, which would use drones to deliver Amazon products, is taking back to the skies, and this time with FAA approval. Less than a year after the FAA dashed Amazon’s Prime Air program, aviation authorities are now allowing Amazon to go forward with testing. Last summer the FAA shot down Amazon’s drone…
Beat The Market With Momentum ETFs
Everyone loves a winner and that applies to stocks as well. While the popular finance theory “Random walk” states that the past movement of the price of a stock cannot be used to predict its future movement, history shows that recent past performance can be a pretty good predictor of short-term future performance. (Read: 3 Biotech…
Technical Breakouts For Popular ETFs On The World Stage
The current bull market for U.S. stocks is the fourth longest in history. Two others journeyed into a seventh year, while one other (1990s) enjoys the distinction as having traveled into an eighth year. Even if one subscribes to the idea that “bull markets never die of old age,” probability alone suggests that we are…
Gold Touches Two-Week High
Gold prices settled higher yesterday, extending gains from the previous session, on increasing views the pace of rate hikes is likely to be slower than previously expected. The U.S. central bank not only downgraded its economic growth and inflation projections at its latest meeting but also lowered its interest rate trajectory. Fed officials expect the…
Doctor Copper
Wow, look at the big rally in Copper (hourly)… Wow, look at the resistance coming up (monthly)… It’s all in how you want to cherry pick time frames. The monthly chart says it’s all just noise until Copper clears 3 bucks a lb.