CLICK ON CHART TO ENLARGE
If one likes the idea of buying low and selling higher, junk bonds might come to mind due to how hard they’ve been hit of late! The chart below highlights that an unusual and large performance spread between JNK and the S&P 500. Its not often that these two see a 10% return difference in just 60 days. This differential wasn’t the only thing that got […]
‘We don’t need a war when we can have a currency war‘- guest @sjderrick, Chief Currency Strategist, BNY Mellon
‘We don’t need a war when we can have a currency war’- guest @sjderrick, Chief Currency Strategist, BNY Mellon #Russia #Rouble @CNBC
— Louisa Bojesen (@louisabojesen) December 17, 2014
Currency war hots up as China prepares to bail out Russia
Does Putin & Co have a card up their sleeve amid the huge changes […]
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter
San Francisco is known for its mindboggling booms and breathtaking busts as the hot money from all over the world ebbs and flows amidst startup frenzies and IPO manias.
And now the hot money is flowing. It has created a delirious craziness in the housing market, surrounded by an environment where app makers without revenues but with big dreams and the word “disrupt” in their description are worth […]
AND their analysis didn’t even touch on Shale Oil Projects in the U.S.A. (Because they have too much invested in that).
Enjoy your $2.00 gas while it lasts…
In a stunning analysis this week, Goldman Sachs found almost $1 trillion in investments in future oil projects at risk. They looked at 400 of the world’s largest new oil and gas fields — excluding U.S. shale — and found projects representing $930 billion […]
By Michael Snyder
If you were about to take a final exam, would you have more hope or more fear if you didn’t understand any of the questions and you had not prepared for the test at all? I think that virtually all of us have had dreams where we show up for an exam that we have not studied for. Those dreams can be pretty terrifying. And of course if […]
Either we have some incredibly narrow reporting on the part of UK’s Mail Online, or we are witnessing a spectacular event of how incredibly dense the population of sheep are.
MOSCOW (AP) — Russian consumers flocked to the stores Wednesday, frantically buying a range of big-ticket items to pre-empt the price rises kicked off by the staggering fall in the value of the ruble in recent days.
Russia’s currency has been collapsing 15-20% in […]
Greece might be hit with Cyprus style bail-ins. Euro crisis getting worse. US mortgage applications declined, a sign that real estate is collapsing. Obama signed the 1.1 trillion spending bill. Russia is opening an investigation into the central bank actions. Corporate media polls show that the America people support torture. Police will be scanning social media sites to predict crime. U.S. and Cuba are reestablishing diplomatic relations. U.S. advisers are […]
The computer files of more than 40,000 federal workers may have been compromised by a cyberattack at federal contractor KeyPoint Government Solutions, the second breach this year at a major firm handling national security background investigations of workers at federal agencies, the government confirmed Thursday.
Concerned that some data might have been exposed, the Office of Personnel Management has begun notifying the workers that their files were in jeopardy. Nathalie Arriola, […]
by James Quinn
The world hangs on every word uttered by Grandma Yellen as if she controls the world. Why doesn’t the average American see through the smoke and mirrors? The current monetary policy of the Federal Reserve is beyond ridiculous based upon history and the economic numbers being pumped out by the government. The world is so fucked up and the people so delusional or ignorant, they don’t realize the […]
PLAYA VISTA (CBSLA.com) — It takes about six hours to drive from Los Angeles to San Francisco – depending on your speed – and more than an hour to fly.
But in the future, the trip may take a matter of minutes.
Designers of the speed tube called Hyperloop say they are one step closer to making that happen.
Tesla founder Elon Musk says the technology is being developed with the help of […]
BY JOHN WARD
I have to come clean here and say that I am unable to stand up this story in full – but it’s based on two separate Athenian sources I have come to trust.
It seems that the fingernails of Antonikis Samaras are so desperately clinging to power, the New Democracy olive-stone from Kalamata now seeks a “more acceptable” Presidential name, in the hope of winning more MPs round to […]
The State Department installed coup government in Ukraine may soon appoint a top financial kingpin to run its central bank.
The Azerbaijan Press Agency reports today George Soros is at the top of the list.
The information was released by Ukraine’s Channel 112, quoting sources in the Verkhovna Rada, the Ukrainian parliament, and people connected to former confectionary magnate and current president Petro Poroshenko.
In November, Soros penned an op-ed for The New […]
Amazon.com Inc. on Thursday introduced Prime Now, a service in Manhattan promising delivery in as soon as one hour.
The service, first reported by The Wall Street Journal, is available in parts of New York, though Amazon said it would expand to other cities next year. Amazon will charge $7.99 for delivery within an hour, though two-hour delivery is free, according to a statement.
Amazon said more than 25,000 items are eligible […]
Jim Rickards, Chief Global Strategist at West Shore Funds, says the Russian central bank may not have enough reserves beyond 2015 to pay off its corporate debts.
The IRS is considering its own temporary shutdown due to recent budget cuts enacted by Congress, its chief said Thursday.
IRS Commissioner John Koskinen said furloughs — forced unpaid days off for employees as part of an IRS closure — is one idea reluctantly being tossed about to save money, though they are hoping they will not have to go there.
“There is no way we can say right now that that […]
BOTS OUTNUMBER HUMANS ON WEB…
Diogo Mónica once wrote a short computer script that gave him a secret weapon in the war for San Francisco dinner reservations.
This was early 2013. The script would periodically scan the popular online reservation service, OpenTable, and drop him an email anytime something interesting opened up—a choice Friday night spot at the House of Prime Rib, for example. But soon, Mónica noticed that he wasn’t […]
Nearly half of the gold looted by the Nazis from the Dutch central bank during the Second World War remains to this day in Switzerland, a reminder of the Alpine nation’s controversial role as a financial conduit for Hitler’s regime. About 61,000kg of Dutch war gold, currently value at about €2bn, is believed to be still in Swiss possession.
Apparently home buyers didn’t get the memo about buying California real estate. November home sales tumbled to their lowest November showing dating back to 2007. When real estate markets turn, you will always see sales volume dry up first before any price changes. We are already seeing marginal areas throwing out some properties with lower prices. The drop in sales volume was to be expected given that investors are largely […]