0.0 00 Saudi Arabian King Abdullah bin Abdulaziz Al Saud has passed away at the age of 90. The state owned television just reported this news a little while ago. Crown Prince Salman bin Abdulaziz will …
Read More »BREAKING NEWS: ECB Holds Rates and Announces a €70 Billion a Month QE
0.0 00 Just minutes ago, the European Central Bank (ECB) kept its main interest rate at a record low and unchanged. Markets are still on edge as we are all waiting on Mario Draghi’s press conference, …
Read More »After Earnings Comes Out Ebay Nowhere Close to Being out of Trouble
0.0 00 Earnings season is upon us. Numbers are coming in and its time to talk about some of them. E-commerce giant eBay (EBAY: Nasdaq) just reported their results and they were mixed, to say the …
Read More »The Bank of Japan Keeps Policy the Same but Cuts its Inflation Forecast
0.0 00 The Bank of Japan (BOJ) held its economic policy and rate decision meeting today. About one hour ago, they announced they are keeping its monetary policy the same but are cutting its core consumer …
Read More »Storm Clouds Form, Can the Miracle U.S. Economic Recovery Last?
0.0 00 The global markets and investment world is becoming riskier for “risk assets.” Last Thursday, the Swiss National Bank (SNB), shocked us when they removed its peg against the euro. This caused the Swiss franc …
Read More »Target ends its Canada Chapter
0.0 00 The U.S. retail giant Target (TGT: NYSE) has shown the retailing world that you do not enter a market, dump 133 stores, and hope they become profitable overnight. This was a hard lesson that …
Read More »Has the Time Has Come to Short Home Builders? Yes.
0.0 00 Housing data in the United States continues to come up short. The numbers have not been encouraging and two of the country’s major home builders could be facing rather sizeable short positions as they …
Read More »USD/CHF—The Swiss Franc Shoots off Like a Rocket
0.0 00 USD/CHF (0.8794) Today the Swiss National Bank (SNB) surprised the Forex and financial markets when they announced that the Swiss franc would no longer be pegged to the euro at 1.20 EUR/CHF. Please look …
Read More »The Reserve Bank of India Surprises with a Rate Cut
0.0 00 Early this morning, the Reserve Bank of India (RBI) surprised with an unscheduled rate cut. This is an attempt to spur growth in their giant economy and kick start inflation, as that has slowed …
Read More »Russia Prepares for Junk Status as Rubblegeddon Continues
0.0 00 The Ruble continues its decline and as sanctions continue to bite into the Russian economy, over the Ukraine, coupled with the decline in oil prices , Russia is in bad economic shape. Russia is …
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