With Steel output down 3.4% YoY (worst in over 2 years) and Cement output down 4% YoY (worst in 7 years) it should not be entirely surprising that the Final December HSBC Manufacturing PMI for China slumped to a contraction-implied 49.6 (a small blip up from the 49.5 preliminary print) and down from 50.0 in the previous…
In Japan things are getting real. The Japanese economy has been confronted with deflation for decades and while the current Prime Minister, Shinzo Abe, made a big bet on quantitative easing he is failing to make a difference for the people of Japan. ‘Kamikaze Abe’ probably thought that attacking would be the best defense and…
by Tara Clarke, Money Morning “What’s that stench? It’s fantastic.” Only the Grinch could love the dreadful customer service, sexist CEOs, and concealed safety issues that were served up by the most-hated companies of 2014. Here’s a list of five firms that “stink, stank, stunk” this year… 5 Most-Hated Companies of 2014 No. 1: American Apparel Inc….
Proponents of the single-payer healthcare idea who tout the idea such a system will save money need only look at Vermont to see reality. Vermont Governor Peter Shumlin, a single-payer advocate, threw the single-payer idea on the ash heap of history admitting what any sensible person knew from the onset: The plan would cost…
Tredagar Corp. (TG) has been trading strongly for the last few months, recently jumping back to its 52-week high on another strong quarter. With estimates on the rise and a bullish growth projection, this Zacks #1 Rank stock is a hot pick for momentum. Company Description Tredagar Corp., through its subsidiaries, manufactures and sells plastic films…
The US Daily Cash Surplus for Monday 12/29/2014 was $14.7B bringing the December 2014 Surplus through 29 days to $17B with just two days remaining. Revenues are more or less back in sync after being disrupted by the holiday timing. They sit at +10%, or $29B, which should be enough to hold onto 2014’s lead over…
Though late trading is expected today, the U.S. Dollar is poised to end out the year more than 12% higher against a weighted basket of its major peers. This will be the strongest gain in nearly 10 years and likely, according to industry analysts, a good indication of what investors are likely to see in…
Those looking for hyperinflation can find it in Venezuela. Here’s the question of the day: How bad is Venezuelan inflation and how bad can it get? Bloomberg reports Venezuelan 1,000% Inflation Seen by BofA Without Weaker Bolivar Venezuela President Nicolas Maduro, set to announce a new currency system today, needs to devalue the bolivar or…
Several days ago we reported that as a result of persistently lower gold prices, driven down by a seemingly endless supply of paper gold (in the form of ETF selling and Bank of International Settlement “price discovery”) offsetting a seemingly unbridled appetite for physical gold, not only is one of the biggest marginal suppliers of gold –…
