Who could have seen that coming!!??? Apparently Draghi could not clarify exactly what he meant in 90 minutes, 3 hours ago!!!! *ECB SAID TO PREPARE BROAD-BASED QE PACKAGE FOR JANUARY MEETING So, despite telling us earlier than not January and not ready, we get this spurious headline just as EURUSD crossed 1.2450… Fun-durr-mentals indeed. It appears…
On Monday gold became almost 80 USD more expensive in no time and it is now listed north of 1,200 USD per ounce once again. At first sight there was not really a clear indication as to what caused the sudden surge in gold. But gold was not alone. Silver jumped up by no less…
Dollar General Corporation (DG – Analyst Report) reported lower-than-expected third-quarter fiscal 2014 results. Adjusted earnings of 79 cents per share fell a penny short of the Zacks Consensus Estimate but rose 9.7% from the year-ago period. Similarly, net sales of this Zacks Rank #2 (Buy) stock increased 7.8% to $4,724.4 million but came below…
CLICK ON CHART TO ENLARGE This long-term chart reflects a key test is at hand? What would you do here? Humbly, I feel this is one of the most important assets on the planet and what happens here should impact all of us in many, many ways!! Again, I feel this is one of the…
A subscriber just asked my thoughts on Euro exposure and how to hedge it. As usual for me, simplest is best; short the Euro (or FXE) and long USD (RYSBX) after a USD correction. As part of response I also worked up a chart showing hedged vs. unhedged European equity funds along with USD. HEDJ vs….
A radical new paper is doing the rounds of the analyst community, and it makes some strongly counter-intuitive assertions. It says the focus on Shareholder Value Maximisation (SVM), which has caught on since the ’90s, is the dumbest idea ever, and it is screwing up real returns. The paper presents some impressive data to support this…
Here is the opening statement from the Department of Labor: In the week ending November 29, the advance figure for seasonally adjusted initial claims was 297,000, a decrease of 17,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 313,000 to 314,000. The 4-week moving average was 299,000,…
In this rather long post Brad (who writes faster than most people can read causing potentially inefficient fixed pixel formation) Brad spends an odd amount of time critiquing some neo-Austrian and Singer the inflation truther. But then he discusses the thoughts Bernanke and Summers, which are well worth discussing. Ben Bernanke says that there is a: risk……
Following awful Thanksgiving retail sales news, on Wednesday the Potemkin Village of U.S. economic “recovery” was dealt additional body blows as 1) the MBA’s weekly refinancing index plunged by an astonishing 13%; 2) November unit labor costs – i.e. wages – unexpectedly plunged 1.0%; 3) the PMI services index printed at its lowest level since…
Coca-Cola (KO) is the world’s leading beverage company. The company has a market cap of $192 billion, $44 billion larger than rival PepsiCo (PEP). Coca-Cola is more than its flagship Coca-Cola brand. In total, the company controls 17 brands that sell over $1 billion per year. Eleven of these 17 brands are non carbonated. The table below shows…
