Yep. The US Department of Treasury is trying to order survival kits for all of its employees who oversee the federal banking system, according to a new solicitation they put out. These survival kits are to be for every employee at the Office of the Comptroller of the Currency (OCC), which conducts on-site reviews of…
Bill McDermott, the CEO of SAP is making the news…for all the right reasons. Bill believes that trust is the ULTIMATE career weapon, and unlike most of his colleagues Bill is willing to talk about it. I recently wrote two articles, the first called CEOs “Suck” at Trust and the second, Trust, Governance & Howard Schultz….
On Thursday December 11th, Identiv (INVE) revealed that it is indeed supplying NFC technology for Disney’s (DIS) Infinity line of toys. We have mentioned this several times in the past, but the company’s CFO, Brian Nelson, admitted this fact on December 11. We have provided his audio presentation here in its entirety accompanied by the investor slide show….
Today’s release of the November Producer Price Index (PPI) for Final Demand came in at -0.2% month-over-month seasonally adjusted. That’s down from the previous month’s 0.2% increase. Core Final Demand (less food and energy) was unchanged from last month. The year-over-year change in Final Demand is up 1.4%, the lowest since 1.2% in February. Here…
Beef prices are up 28.6% in the last year, but at least booze prices are falling. The monarchs used to say “Let them eat cake”. Now they say “Let them drink beer”. Imagine how much food will cost when the Fed is able to create some real inflation.
Just an FYI that silver is still leading gold on the short-term and the ratio is above the 50 day moving average.
Forbes had a very short article titled High Yield Grandma which offers a brief profile of a woman who has overcome a few setbacks and has a very substantial investment portfolio worth $3 million. As the clever title implies she focuses on dividend stocks. Based on the above paragraph there is nothing too unusual about her strategy….
This Great Graphic, created on Bloomberg, shows how well the euro (white line) appears to have tracked the price of the front-month Brent futures contract. One of the reasons this week proved so challenging for foreign exchange traders is that this apparent relationship broke down. Oil prices fell around 10% while the euro actually advanced against the…
The Producer Price Index inflation continued to be slight. In all events, the intermediate processing continues to show a moderation of inflation in the supply chain. The PPI represents inflation pressure (or lack thereof) that migrates into consumer price. The BLS reported that the headline Producer Price Index (PPI) finished goods prices (now called final demand prices) year-over-year inflation…
Funny what a difference two months make. Back on October 4, we wrote “Here We Go Again: Greece Will Be In Default Within 15 Months, S&P Warns” and… nobody cared as the Greek stock market meltup continued. Now, after the biggest three-day rout in Greek stock market history (or about 30% lower), and with the overhyped, oversold,…
