Latest Articles: Business/Finance
Currency crisis expert weighs in: “Gold isn’t an investment…”
Post Date: 2016-05-14 07:52:23 by BTP Holdings
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Currency crisis expert weighs in: “Gold isn’t an investment…” By J. Reeves May 13, 2016 I only know of two men who really understand the true value of gold—an obscure clerk in the basement vault of the Banque de Paris and one of the directors of the Bank of England. Unfortunately, they disagree. — Lord Nathan Rothschild Money is gold, and nothing else. — J.P. Morgan Nobody really understands gold prices, and I don’t pretend to understand them either. — Ben Bernanke From Jim Rickards, editor, Strategic Intelligence: The quotes above illustrate the perennial challenge that investors face in deciding what role gold should play in their ...
The Donald and the Dollar
Post Date: 2016-05-11 18:53:11 by BTP Holdings
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The Donald and the Dollar Boris Schlossberg | Wednesday, May 11, 2016 at 4:30 pm The night of the Indiana primary, something interesting happened in the currency market. As the Asian session was just opening, the news of Donald Trump’s decisive victory pushed the dollar higher against most major trading partners, especially against the yen. Then, later in the night, when Ted Cruz dropped out of the race, the greenback pushed even higher. For most investors, the notion that the Donald is good for the dollar may seem bizarre. This is, after all, the man who sent the media and conventional economists into outbursts of rage when he suggested that the U.S. government should negotiate ...
The Gold Bull Is Back
Post Date: 2016-05-11 06:30:26 by Ada
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We know that central banks and governments have lost the plot. When the crisis started in 2006, US short rates were 5%. In 2008 they were down to zero and have virtually stayed there ever since. A crisis package of $25 trillion was thrown at the financial system. This is what the likes of JP Morgan and Goldman told the Fed they had to do to save the bank(-ers). Ten years later the world financial system is in a mess that is exponentially greater. World debt has exploded, most governments are running deficits and the financial system is balancing dangerously on the edge of a precipice. $8 trillion of government debt is now negative and $16 trillion is below 1%. Negative yields are supposed ...
Trump’s Right——Paying Back The National Debt With “Discounts” Is Already Public Policy
Post Date: 2016-05-10 20:02:45 by Ada
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Donald Trump says a lot of whacko things and his recent wild pitches about defaulting on the national debt and replacing Yellen because she is not a Republican sound as if they were coming right out of his wild man wheelhouse. Certainly these statements have gotten mainstream financial journalists and editorial writers in high dudgeon. Said the NYT editorial page about Trump’s observation that if things got bad enough he’d seek to negotiate “discounts” on Uncle Sam’s towering debt, Such remarks by a major presidential candidate have no modern precedent. The United States government is able to borrow money at very low interest rates because Treasury securities are ...
Uber is now offering flat fee $5 carpool rides in Manhattan during peak hours
Post Date: 2016-05-10 09:05:28 by Tatarewicz
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msn Good news for New Yorkers who like deals and don’t mind sharing a cab ride with a complete stranger or two: Uber is sending out notices on Monday that its carpool service will now be a flat $5, but only in Manhattan below 110th Street and only during the peak hours of 7–10AM and 5–8PM, Monday through Friday. There’s another catch, though, and this is a big one: Uber says riders will be prompted to walk a few blocks to a particular intersection in order to align the routes more efficiently. In other words, in order to qualify for the cheap fare, you’ll need to hoof it to what is essentially a bus stop, but for Uber. And there may be more walking involved at the ...
Using Credit Cycles to Put the Odds on Your Side
Post Date: 2016-05-09 19:36:23 by BTP Holdings
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Using Credit Cycles to Put the Odds on Your Side Mike Larson | Monday, May 9, 2016 at 4:30 pm Not long after you read this, I’ll be hopping on a plane for the MoneyShow Las Vegas. I’m looking forward to delivering a pair of presentations on the markets there, as well as to participating in an interactive lunch panel. Hopefully, I’ll even get to meet a few of you in person! These days, Las Vegas resorts feature a little bit of everything — dazzling, high-production-value shows …big-name entertainers … five-star restaurants backed by celebrity chefs, you name it. But let’s be honest. Vegas is still a town that gaming built. So if you want to have the ...
Stuck in the doldrums: The rise of white despair
Post Date: 2016-05-09 11:37:04 by HAPPY2BME-4UM
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No one has quite been able to put their finger on it. But there is something definitely afoot in America, with an alarming rise in suicides among those ages 35 to 64. This trend has disproportionately affected middle-age white Americans, who have a whopping 40 percent increase in the suicide rate since 1999. The rise, particularly among people in prime working age, should serve as a canary in the coal mine, warning us of a larger sociological problem. The problem has been studied from a psychological angle, and even from the perspective of the declining economic fortunes faced by many Americans since the Great Recession. But this trend precedes the downturn, although signs point to the ...
How to find a good lawyer
Post Date: 2016-05-09 06:58:51 by BTP Holdings
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From Mark Ford, editor, Creating Wealth: Let me ask you something. What do you call a good lawyer who’s gone bad? Senator. What do you call 5,000 dead lawyers at the bottom of the ocean? A good start. Okay, I’ll be serious now. Simply put, a good lawyer is someone who doesn’t charge much. That doesn’t sound like a serious answer, but it is. What most people don’t understand about lawyers is that their primary business is billing you for all you’re worth. It may sound pretty cynical, but let me tell you a story. One time, a friend of mine—a lawyer—took over his wife’s divorce business for two weeks while she was traveling. (She was also a ...
French oil firm Total to buy Saft battery maker
Post Date: 2016-05-09 05:01:24 by Tatarewicz
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Yahoo... Paris (AFP) - French oil giant Total announced Monday a 950-million-euro ($1.1-billion) friendly takeover bid for high technology battery maker Saft as it seeks to expand its electricity and renewable energy business. The agreed bid targets all of Saft's shares at a price of 36.50 euros per share, representing a premium of 38.3 percent compared to Friday's closing price, the oil company said in a statement. Total, which like other oil majors has been battling with persistently weak oil prices, said last month it would set up a new branch for gas, renewable energy and electricity. The company already has a more than 57-percent stake in US solar panel and power station ...
Virtual Economic Reality: Swiss Town Taking Bitcoin for Public Services
Post Date: 2016-05-09 02:09:24 by Tatarewicz
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Sputnik... Residents of a small town in Switzerland will be allowed to use the cyber currency Bitcoin to pay for municipality services like public utilities. Australian entrepreneur Craig Wright on May 2, 2016 identified himself as the creator of Bitcoin, following years of speculation about who invented the pioneering digital currency The Town Council of Zug in Switzerland announced May 3 that its residents will be allowed to use Bitcoin to pay for municipality services as part of a trial run. Zug residents will be allowed to use up to 200 Francs worth of Bitcoin for different services. The trial will continue through 2016 before the town council conducts an analysis to gauge the cost ...
Silver will Outperform Gold Into 2017 in this New Bull market – Chris Marchese of The Morgan Report
Post Date: 2016-05-08 17:12:04 by BTP Holdings
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Silver will Outperform Gold Into 2017 in this New Bull market – Chris Marchese of The Morgan Report Posted by David Morgan on April 26, 2016 · Leave a Comment Silver will Outperform Gold Into 2017 in this New Bull market – Chris Marchese of The Morgan Report TOPICS IN THIS INTERVIEW: 01:40 Silver Market Now, Gold Was Leading now Silver Taking Over 04:00 Mining Shares: How to Really Profit from the Rally 05:00 Are Central Banks losing control of the Metals Manipulation? 06:10 Silver’s Key Price Points to Watch For: $18, $20, $25 07:50 Deutsche Bank Admits Price Rigging; What does this Mean? 10:00 How High can Gold & Silver go This Year? – Gold $1,300 ...
National Debt Tops $18 Trillion: Guess How Much You Owe?
Post Date: 2016-05-08 11:35:23 by BTP Holdings
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National Debt Tops $18 Trillion: Guess How Much You Owe? by Mike Patton I provide analysis on the economy, investing and financial planning. Opinions expressed by Forbes Contributors are their own. The availability of credit in the U.S. was a major catalyst in the economic boom of the twentieth century. However, too much of a good thing can also be a problem. Is the U.S. too reliant on debt? Is the federal government mortgaging the future earnings of an entire generation? In this article, we’ll explore these and other issues as we take a look at the debt cycle in America. The Impact of Debt on Economic Growth In the early part of the twentieth century, if people didn’t have ...
Can You Really Earn 8,840% from the “Internet of Cars?”
Post Date: 2016-05-08 00:50:36 by Tatarewicz
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Stock Gumshoe... Welcome! If you are new to Stock Gumshoe, grab a free membership here and join us to get our free newsletter alerts with new teaser answers and debunkings. Thanks! We’ve seen quite a few ads from Jim Pearce at Personal Finance about his favorite “self driving cars” idea, so it’s time to feed the Thinkolator and get some answers for you, dear Gumshoe readers. The basic backdrop for this is, of course, pretty well known — cars are becoming smarter and smarter, self-driving cars and the baby steps toward real self-driving cars (like Tesla’s autopilot) are getting a lot of press, and car sales are at record highs so everyone in the auto ...
Trump's Idea to Cut $19 Trillion National Debt: Get Creditors to Accept Less
Post Date: 2016-05-07 20:41:26 by BTP Holdings
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Trump's Idea to Cut $19 Trillion National Debt: Get Creditors to Accept Less Image: Trump's Idea to Cut $19 Trillion National Debt: Get Creditors to Accept Less (AP) By Newsmax Wires | Saturday, 07 May 2016 10:54 AM Donald Trump has proposed that he will slash the $19 trillion national debt by persuading creditors to accept less than full payment. Trump, the presumptive Republican nominee for president, recently told CNBC he could use his business savvy to reduce America’s debt burden by pushing creditors to accept write-downs on their government holdings. "I am the king of debt. I do love debt. I love debt and I love playing with it,” he told CNBC on Thursday. ...
More Warning Signs on Jobs; Who Stands to Lose?
Post Date: 2016-05-06 05:09:35 by BTP Holdings
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More Warning Signs on Jobs; Who Stands to Lose? Mike Larson | Thursday, May 5, 2016 at 4:30 pm Remember that great American job creation machine? Well, it may just be grinding to a halt! In the past 48 hours … >> The ADP Research Institute reported that the U.S. economy created only 156,000 jobs in April. Not only did that miss forecasts for around 200,000 by a mile, but it was also the worst reading in three years! Manufacturing lost another 13,000 jobs after shedding 3,000 the month before, while virtually every other major industry showed a deceleration in hiring. >> The Labor Department said initial jobless claims surged 17,000 to 274,000 in the week ended April 30 ...
David Stockman Trumped! Why It Happened And What Comes Next, Part 1
Post Date: 2016-05-05 15:49:21 by Horse
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Tyler Durden's pictureSubmitted by Tyler Durden on 05/05/2016 13:23 -0400 First there were seventeen. At length, there was one. Donald Trump’s wildly improbable capture of the GOP nomination, therefore, is the most significant upheaval in American politics since Ronald Reagan. And the proximate cause is essentially the same. Like back then, an era of drastic bipartisan mis-governance has finally generated an electoral impulse to sweep out the stables. Accordingly, the Donald’s patented phrase that “we aren’t winning anymore” is striking a deep nerve on main street. But that is not on account of giant trade deficits or a faltering foreign policy and failed ...
RBA Says Commodity Rally Running Out of Steam and that Spells Trouble for Stocks!
Post Date: 2016-05-04 21:54:34 by BTP Holdings
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RBA Says Commodity Rally Running Out of Steam and that Spells Trouble for Stocks! Boris Schlossberg | Wednesday, May 4, 2016 at 4:30 pm Two of the biggest stories over the first four months of 2016 are very closely related: #1: The Fed’s dovish reluctance to raise interest rates, which has crushed the U.S. dollar and … #2: The astonishing rally in commodity markets that has been fueled in large part by the weak buck. First, the Fed’s quarter-point hike in the fed funds rate last December is beginning to look more and more like a “one-and-done” move. Since then, the Fed has blinked every time when it comes to normalizing interest rate policy. Markets don’t ...
It’s Not Random——The Global Economy’s At Stall Speed, Rapidly Loosing Lift
Post Date: 2016-05-04 08:34:13 by Ada
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South Korea’s exports tumbled to $41 billion in April, marking the 16th consecutive month of declining foreign sales. Last month’s result represented an 11.2% decline from the prior year and an 18% drop from April 2014. Moreover, within that shrinking total, exports to China were down by 18.4% last month, following a 12.2% drop in March. Click for Full Text!
HSBC Index Points to Danger for Investors
Post Date: 2016-05-03 22:35:22 by BTP Holdings
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HSBC Index Points to Danger for Investors Image: HSBC Index Points to Danger for Investors By R Williams | Tuesday, 03 May 2016 08:01 AM The “risk-on, risk-off” theme from the years after the 2008 financial crisis is making a comeback, giving headaches to investors who try to beat the market with traditional methods of measuring value, say analysts at multinational bank HSBC Holdings Plc. “Risk-on assets rally when investors are upbeat and fall when the mood turns sour. Risk-off assets do the opposite,” according to MarketWatch, which obtained a copy of the HSBC report. “The tendency of assets to move in lockstep can make life difficult for stock pickers and ...
This ‘Under the Radar’ Recession Warning is Flashing Red – Are You Prepared?
Post Date: 2016-05-03 19:59:28 by BTP Holdings
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This ‘Under the Radar’ Recession Warning is Flashing Red – Are You Prepared? Mike Larson | Tuesday, May 3, 2016 at 4:30 pm Job growth. GDP. Retail Sales. Durable goods orders. They’re all worth watching if you’re trying to figure out what’s happening with the economy. But I have one “under the radar” recession indicator I never, EVER ignore. And right now, it’s flashing red. I’m talking about the Federal Reserve’s quarterly Senior Loan Officer Opinion Survey on Bank Lending Practices. I know the name is a mouthful. But the short version is that the Fed surveys bankers every quarter to ask about loan demand, lending standards, ...
Notes on too-big-to-fail-banks history
Post Date: 2016-05-03 06:01:24 by Tatarewicz
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Here are some interesting numbers. What this tells me is that the USSR had every reason to believe the USA wanted detente as they were just as bankrupt indeed more so than the former Soviet Union which actually showed growth of 1-1.5%. Not even in recession. Autumn 1990: Bank of New England, Citibank and Chase Bankrupt During the Great Depression between the two world wars, the collapse of 1929 had been followed by a US banking disintegration that reached critical mass during the fall and winter of 1932-33. About 3 to 4 years had separated the collapse phase from the banking panic. By a remarkable coincidence, the stock market and dollar crashes of 1987 were followed 3 to 4 years later ...
End of 30 Year 'Golden Age' of Stocks and Bonds Signals Tough Times Ahead
Post Date: 2016-05-03 05:55:15 by Tatarewicz
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Sputnik... The decline and even reversal of the forces driving exceptional investment returns over the past 30 years means that returns on Western equities and fixed-income investments could be considerably lower in the coming decades, with serious consequences for pension funds and young investors, according to a report from the McKinsey Global Institute. $30 Oil Again? Energy Market Fundamentals Might Suggest Downturn in Prices A so-called "Golden Age" of investment based on a unique set of circumstances has come to an end after 30 years and will be replaced by lower returns on equities and bonds over the next two decades, according to business and economics research firm ...
Dollar Slammed as Data Dives — Does a Major Collapse Loom?
Post Date: 2016-05-02 19:41:06 by BTP Holdings
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Dollar Slammed as Data Dives — Does a Major Collapse Loom? Mike Larson | Monday, May 2, 2016 at 4:30 pm The U.S. dollar can’t catch a break. Lousy data on GDP, retail sales, durable goods and industrial production in recent weeks have pushed it relentlessly lower. Then this morning, the ISM Manufacturing index came in at 50.87 for April. That was down from 51.8 a month earlier and weaker than economists expected. Sub-indices that track new orders, production and order backlogs all declined from March, while one that tracks manufacturing employment remained below 50 for the fifth month in a row. That suggests we’re still plagued with layoffs in the factory sector. Result: ...
Trump or Clinton? Buffett Sees Business as Fine With Either
Post Date: 2016-05-01 16:05:10 by BTP Holdings
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Trump or Clinton? Buffett Sees Business as Fine With Either Image: Trump or Clinton? Buffett Sees Business as Fine With Either Sunday, 01 May 2016 07:23 AM A Donald Trump presidency wouldn’t be the blow to U.S. business that some fear, according to Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc. “If either Donald Trump or Hillary Clinton becomes president, and one of them is very likely to be, I think Berkshire will continue to do fine,” Buffett, 85, said at the company’s annual shareholders meeting Saturday in Omaha, Nebraska. The outcome of November’s presidential election is unlikely to change the fact that the U.S. is a ...
Senegal, Mauritania bet on oil and gas in perilous climate
Post Date: 2016-05-01 03:13:43 by Tatarewicz
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Dakar (AFP) - While petro-states reel from plunging oil prices and gas producers brace for American exports to hit the market, two west African nations are forging ahead with potentially massive extraction projects others might fear to touch. Energy firms say Senegal and Mauritania's current oil and gas ventures will transform them into net exporters by 2020, betting on long-term demand and the eventual recovery of the slumped market, as well as their proximity to Europe. Located off Africa's western extremity, three oil wells drilled by Scottish firm Cairn Energy have yielded a "significant resource base" in Senegalese waters, its chief executive Simon Thomson said in ...
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