Yes, the word strikes fear in every taxpayer’s heart. Here are the basics. You may know someone who’s been through an IRS audit. You’ve at least heard that it can be a grueling, complex process. But how much do you really know about this potentially-unpleasant procedure? Here’s some of what every business owner should know. …
A little over a year ago, we presented a “Yellow” asset, which was “the best performer of the past year.” It wasn’t gold: it was yellow cab medallions. As we wrote then, “the best returning asset class traded in the NY Metro area is yellow but doesn’t change hands on…
American consumers have more money this year than ever to spend on holiday shopping meaning certain retail stocks will get a big boost in Q4 earnings. Since the recession the likes of Walmart (WMT) and Target (TGT) were the main benefactors of Black Friday mania, but this year this underrated group of stocks will take…
The German economy is the largest within the Eurozone bloc and the wider EU and is often described as the powerhouse of Europe. Whilst unemployment across the EU is very uneven, the German economy has managed to create strong demand for workers. Seasonally adjusted data from Germany’s Federal Statistics Office (FSO) shows that unemployment eased…
Thinking plummeting oil prices are good for the economy is a mistake. They instead, as I said in The Price Of Oil Exposes The True State Of The Economy point out how bad the global economy is doing. QE has been able to inflate stock prices way beyond anything remotely looking fundamental, but energy prices have now…
Consumers await Black Friday months in advance and make plans to be at the head of the crowd at their favorite department store. Some stores open their doors at midnight, others at 6:00 am. For shoppers, it is an opportunity to cash in on the biggest bargains of the year. But for retailers, it is…
After pivoting about five times in 2011, PocketMath co-founder Casey Grooms stumbled upon the concept of real-time bidding by chance at a party. Singapore-based self-serve mobile advertising platform PocketMath announced earlier this week the raising of a US$10 million series A funding round from Rakuten Ventures – what it claims to be one of the largest series A rounds…
The AUD/USD pair fell rather significantly during the course of the week, slamming into the 0.85 handle. Now that it appears that we are getting ready to break down below it, I feel that the Australian dollar will continue to lose value going forward. It’s probably only a matter of time before we test the…
The AUD/USD pair fell rather significantly during the course of the week, slamming into the 0.85 handle. Now that it appears that we are getting ready to break down below it, I feel that the Australian dollar will continue to lose value going forward. It’s probably only a matter of time before we test the…
Although OPEC’s decision to maintain current crude production quotas was not entirely unexpected (see post), the market reaction was violent. WTI crude fell by 10% over the last two days of the week. At $66 per barrel North American producers have real problems on their hands. While Eagle Ford is still profitable,…
