by Dirk Ehnts, Econoblog101 The Association of German banks has released a press statement (in German) which is very interesting. According to a survey, Germans keep their wealth in the form of bank deposits at different maturities even though interest rates are low. This empirical fact invalidates neoclassical theory that says that savers save less when interest rates…
2015 will be different from 2014 because of one crucial reason: the recent collapse of oil prices. Consequently, the returns from once-favored income shelters, particularly energy master limited partnerships (MLPs), are highly uncertain. In addition, it now seems that Janet Yellen’s merry men at the Fed will pluck up the courage to raise interest rates,…
The Greek political drama is overshadowing the Russian crisis and the plunge the price of oil. A review of old and new media coverage suggests that many observers are repeating the same mistake they made 2-3 years ago. We were one of the few analysts that did not expect Greece to leave the monetary union then, and…
The new year has officially started because it wasn’t even a day in and Mario Draghi was once again out and about, jawboning the Euro to a lower level than where it was when he said back in 2012 he would do “whatever it takes” to push it higher. The reason, as Reuters reports, why the Euro…
Incyte Corporation (INCY – Analyst Report) is a $12 billion pharmaceutical company that is expected to finally turn a profit next year on the success of its drug Jakafi, the only FDA-approved treatment for myelofibrosis (MF). Incyte was formerly called Incyte Genomics in the 1990s when it was a pioneer in that groundbreaking research and a key provider…
OVERNIGHT MARKETS AND NEWS March E-mini S&Ps (ESH15 +0.38%) this morning are up +0.30% on dovish comments by ECB President and on slightly stronger-than-expected Chinese PMI figures. The Euro Stoxx 50 index this morning is down -0.29%. Asian stocks today closed higher: Hong Kong +1.07%, Australia +0.46%, Singapore +0.16%, South Korea +0.30%, India +1.38%, Turkey -0.49%. The Japanese,…
The Top 10 stocks in the following list are the StockTwits top 10 picks for January. I’ll do a post sometime over the weekend with the December performance numbers. Enjoy the rest of the holidays.
For those wondering “Davidson” has been saying this for a while….and here and here “Davidson” submits: Real GDP 3Q 2014 was revised higher than expected. More good news! I prefer to breakdown the components into that attributed to Government Expenditure & Investment vs. that from the Private Economy. I think it provides a clearer picture of what is occurring…
The US dollar is beginning the New Year with strong gains against both major and emerging market currencies. The divergence between the US and the other high income countries has been underscored by comments from the BOJ’s Kuroda and ECB’s Draghi. The former discussed other tools that can be brought to bear to achieve the BOJ’s…
