Newsclips
Cartoons
April 3, 2013
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Business Insider – ROSENBERG: I See 10 Signs That Show The Stock Market Is Overbought In a new note, Gluskin Sheff‘s David Rosenberg that it is “exciting” to see the S&P 500 hit an all-time high, but that “beneath the veneer, some signs of ‘nonratification’ or at least ‘overbought’ readings are starting to take hold.”… Continue reading Stock Market Skepticism
The Financial Times – Seth Kleinman: Oil demand is set to fall in the age of gas Long-held beliefs about energy are being upended, writes Seth Kleinman The conventional wisdom holds that global oil demand will continue to rise. Demographics and the need to fuel emerging markets make it so, says the consensus in the… Continue reading Peak DEMAND for Crude Oil?
<Click on chart for larger image> DealBook (NYT Times) – Mergers Slowed to a Snail’s Pace in the First Quarter, the Fewest Since 2003 Deal makers may want to keep the Champagne bottles on ice a while longer. Despite a particularly fruitful week in February — when five deals collectively worth more than $91 billion… Continue reading Merger-Mania Never Happened
The Wall Street Journal – Crossroad Ahead for Investors Investors have been rewarded since the financial crisis for following the old Wall Street adage of “Don’t fight the Fed.” That has meant loading up on stocks and riskier corporate debt as the Federal Reserve’s low interest rates have reduced the attractiveness of “safer” investments such… Continue reading Don’t Fight The Federal Reserve
<Click on chart for larger image> The New York Times – Unemployment in Euro Zone Reaches a Record High Unemployment in the euro zone rose to yet another record high in the first two months of the year, official data showed Tuesday, providing confirmation that the economy remains in a deep freeze. The jobless rate… Continue reading EU Unemployment Hits 12%
The floor of the New York Stock Exchange, circa 1907. The image was taken with a hidden camera because photographs were prohibited. Bloomberg.com – How Traders’ Pranks Were Once Routine on U.S. Exchanges Throughout the 19th and 20th centuries floor traders at U.S. stock exchanges engaged in elaborate and often bizarre pranks. The most common… Continue reading Fooling Around
Reuters – Japan just might be set to open a new chapter ‘Historic’ is an overused word. But if the Bank of Japan meets expectations and embarks this week on a radical policy shift to crush deflation, the meeting will go down as, well, historic. Because of gently falling prices, Japan has not grown in… Continue reading The BoJ Meets With Kuroda
The Financial Times – Emerging markets dump euro reserves The euro’s challenge to the international status of the US dollar has been set back a generation as new data show developing countries dumping the European currency from their official reserves. Central banks in developing countries sold €45bn of euros in 2012, according to data compiled… Continue reading Emerging Markets Like The Dollar
CNBC – Jim Iuorio: Why a Gold Spike Is Coming June gold futures have been in a tight consolidation pattern and appear poised for an explosive move, but in which direction? Based on several global factors, I’m inclined to believe that the direction of the move will be higher. The dramatic down move in the… Continue reading The Bullish Case For Gold
Bloomberg.com – Stockton Can Stay in Bankruptcy Over Creditor Objections Stockton, California, the biggest U.S. city to file for bankruptcy, won a judge’s permission to stay under court protection after he found that creditors didn’t negotiate in good faith with the city. Creditors, including Assured Guaranty Corp. and Franklin Resources Inc. (BEN), argued that Stockton… Continue reading Bankruptcy When Not Bankrupt
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