Yesterday, when we reported the latest rumor of Russian gold selling, this time out of SocGen, we said that “it should be noted that SocGen and its “sources” have a conflict: in an indirect way, none other than SocGen is suddenly very interested in Russia stabilizing its economy because as we wrote before, “Russia Contagion Spreads To European…
Unbalanced Back in the Europe of the Middle Ages there existed a curiously schizophrenic attitude to the question of whether the Earth was at the center of the universe. The doctrine of the established Catholic Church decreed that it was. The practical evidence suggested that it wasn’t and the orthodox scientific theory endeavored to fit…
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As drone technology continues to advance, we’re seeing companies come up with increasingly inventive creations. Some are lifesaving; others are more bizarre. Let’s deal with the most productive innovation first… Call 911 for Your Ambulance Drone You know the deal in a medical emergency… The paramedics are quickly summoned to the scene… but just as…
Is the Panic Low In? Below is a daily chart of the Russian ruble. When we recently wrote about the currency’s collapse (see “The Russian Rubble”) we noted: “It is a good bet that the ruble is by now egregiously undervalued, even in light of the oil price decline and economic sanctions” We also opined…
Asian stocks rose Thursday, extending a global surge in equities as the regional index headed for its steepest two-day advance in 13 months. Crude oil pared a fourth weekly decline, while the euro traded near a two-year low and wheat fell. The MSCI Asia Pacific Index jumped 1.7 percent by 11:44 a.m. in Tokyo, after a 0.7…
For many investors, today marks the end of the year, but it is ending on a favorable note. The combination of the FOMC meeting and the SNB adoption of negative interest rates underscored the dollar and equity bullish divergence theme. It struck us that too many people were doing all kinds of mental and verbal gymnastics…
Curis, Inc. (Nasdaq:CRIS), a drug development company seeking to develop next generation targeted small molecule drug candidates for cancer treatment, today announced that the first patient has been treated in a Phase I clinical study of CUDC-907 in patients with relapsed or refractory lymphoma or multiple myeloma. CUDC-907 is an orally-administered first-in-class small molecule drug…
Peter Schiff talks about Swiss Nation Bank (SNB), Swiss Franc and the Euro. Audio Length: 00:22:48
The new program by TiE Silicon Valley aims to help scale Indian startups globally to reach $1 billion in value. Photo Credit: Shutterstock, Adorable newborn wearing a hat, bow-tie and glasses and holding a one hundred dollar bill TiE Silicon Valley, the Silicon Valley chapter of The Indus Entrepreneurs, announced its Billion Dollar Babies initiative, a new…
