Finance

Draghi Talks Euro Lower, Aso Lifts Yen

Official comments have injected volatility into the foreign exchange market.  As we anticipated, Japanese officials pushed back against the seemingly free-fall in the yen sparked by the aggressive BOJ action and the diversification of the government pension funds.  Finance Minister Aso expressed concern about the pace of the yen’s decline. However, comments by Abe-adviser Hamada underscored…

The Poster Boy For Liberal Economics Discovers The Tax Factor

Paul Krugman seems to be having a supply-side-economics moment… sort of. Raising taxes, the NY Times columnist and Nobel laureate has been arguing lately, threatens Japan’s fragile economic recovery. “Shinzo Abe is doing the right thing, seeking to delay the next rise in consumption taxes,” Krugman wrote on his blog yesterday. “This is good economic policy….” It’s…

Yen Climbs; Asia Stocks Drop

Japan’s yen rose for the first time in seven days as Finance Minister Taro Aso said its decline has been too fast. Most Asian stocks fell, with the regional index headed to its biggest weekly retreat since mid-October, while crude oil climbed for a second day. The yen added 0.4 percent to 117.77 per dollar…

Wall Street Stunned As Iceland Dares To Jail Banker Involved In 2

The impossible is possible. Never say never. Wall Street bankers are staring agog at headlines coming from Europe where, in Iceland, the former chief executive of one of the largest banks in the country which was involved in crashing the economy in 2008 has been sentenced to jail time. As Valuewalk reports, in receiving a one year prison sentence, Sigurjon…

“The Confidence To Invest”

You may recall our announcement back in September that Business News Network (BNN) in Canada partnered with MoneyShow to create an exciting new program at The World MoneyShow Toronto 2014: The Confidence to Invest. The one-hour special was recorded onsite at the conference and is now airing during prime time on BNN! Watch now The Confidence…

Finexkap Raises $22.5 Million To Launch France’s First Online Wor...

Working capital issues, often driven by unpaid invoices, are the catalyst for 25% of SME bankruptcies in France.  Finexkap is working on changing all that with their online working capital financial platform, a first in France. Photo Credit: PR, co-founders Arthur de Catheu and Cédric Teissier In order to scale-up development and launch lending activities before…

US Daily Cash Deficit

The US Daily Cash Deficit for Wednesday 11/19/2014 was 9.2B bringing the November 2014 deficit to $62B and the 2014 YTD deficit to $609B. Click on picture to enlarge As expected revenues have pulled back to even as last year’s TARP revenue failed to come through this year….not a surprise. Outlays continue to slowly gain…

Bull Of The Day: Ethan Allen

It’s been 2 years since Ethan Allen Interiors Inc. (ETH – Snapshot Report) was a Zacks Rank #1 (Strong Buy). The furniture retailer recently easily beat the Zacks Consensus in the fiscal first quarter and analysts have been raising full year estimates. Furniture is back! Ethan Allen is an upscale home furnishing retailer. It operates 300 design centers in…