This is getting very ugly. This picture was from Moscow on Friday, with the sign offering 54 Rubles for $1 and offering to sell Dollars for 59 Rubles (nasty spread). Today, just 4 days later, you need 80 Rubles to buy a Dollar with that currency dropping 45% (so far) in less than a week. This is happening…
This is getting very ugly. This picture was from Moscow on Friday, with the sign offering 54 Rubles for $1 and offering to sell Dollars for 59 Rubles (nasty spread). Today, just 4 days later, you need 80 Rubles to buy a Dollar with that currency dropping 45% (so far) in less than a week. This is happening…
This Great Graphic was composed on Bloomberg. It draws on the Bank of England’s trade-weighted indices of the dollar (yellow line), the euro (white line), and yen (green line). The data was further indexed to the end of 2009. Trade-weighted measure is more important than bilateral measures when considering the impact of currency movement on a domestic economy. That…
Paging Waddell & Reed… Even for this early in the US session, liquidity in the most-liquid financial instrument in the world is – in the words of Nanex’s Eric Hunsader, “abysmal.” Source: @NanexLLC
It’s time again for my weekly gasoline update based on data from the Energy Information Administration (EIA). Rounded to the penny Regular dropped 13 cents and Premium 12 cents. Regular is now at its lowest price since October 2009. Will the price decline in gasoline boost discretionary spending during the holiday season? Stay tuned! According to GasBuddy.com, Hawaii…
Tomorrow, Germany’s Constitutional Court will rule on a major tax case that could devastate German business owners. There was no estate tax in Germany so businesses could pass from one generation to the next intact. That may all come to an end tomorrow. The country’s constitutional court will decide whether families can continue to transfer companies…
OVERNIGHT MARKETS AND NEWS March E-mini S&Ps (ESH15 -0.67%) this morning are down -0.18% and European stocks are down -0.35% at a 1-3/4 month low on Chinese economic concerns after a gauge of Chinese manufacturing activity contracted for the first time in 7 months. Losses were limited after Eurozone Dec manufacturing activity expanded at the fastest pace in 5 months…
Mr. Market can be an emotional fellow at times, confusing and confounding the casual observer who tries to make sense out of market action that can appear nonsensical at times… right now, for instance. Indeed, the US stock market has been tumbling since its Dec. 5 peak – a slide that’s unfolded amid an impressive…
Waste Management (WM) has increased its dividend payments each year since 2003. The company is the largest publicly traded waste management company, with a market cap of $22 billion. The company’s largest competitor is Republic Services (RSG) which has a market cap of about $14 billion. Waste Management was founded in 1968 and is currently…
