Call me crazy, but there seems to be a lot of chatter devoted to convincing us that we’re not in a deflationary spiral. One of the main rationales behind QE was that quintupling the size of the Federal Reserve’s balance sheet was necessary to engineer a “healthy” rate of inflation of at least 1-2%. Let’s see what…
Amongst the permabulls of our race – which is basically everybody at this point – there’s this empty-headed notion that as crude oil prices plunge (an event I predicted repeatedly here on Slope), cheaper gas would make the economy boom even more. I’ve read this sentiment so often that I just had to same something – in case you…
Welcome to edition 232 of Insider Weekends. Insider buying decreased last week with insiders buying $59.33 million of stock compared to $68.12 million in the week prior. Selling increased a little with insiders selling $1.73 billion of stock last week compared to $1.69 billion in the week prior. Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total…
For those who took a nap after the turkey dinner yesterday and missed out on the early Black Friday sales that started at some stores on Thursday night, the world is not lost yet. Black Friday is THE shopping day of the year when retailers start giving out eye-popping discounts for the season. It has…
On November 25, 2014 Amgen (AMGN) and AstraZeneca (AZN) announced positive results in a phase 3 study dealing with patients with moderate-to-severe plaque psoriasis. The phase 3 trial was known as the AMAGINE-2 trial and was evaluating the experimental drug brodalumab against Stelara and a placebo drug. The trial showed that Amgen and AstraZeneca’s drug…
While not hyperinflating, the slow and insidious diminishment of the fiat US Dollar’s purchasing power(and thus the living standards of lower- and middle-class Americans – who are not balls deep invested in the US stock ‘market’) is nowhere more evident than in the soaring costs of Thanksgiving Day dinner during the Fed’s 100 year reign… In 1909… Thanksgiving…
We are seeing history in the making in the bond market today, with an all-time low in 10-year yields in each of the following countries: Germany: 0.70% France: 0.98% Italy: 2.03% Spain: 1.86% Netherlands: 0.81% Portugal: 2.80% Switzerland: 0.31% Japan 0.41% Source: Bloomberg What do each of these countries have in common? Slow to negative…
Oil is failing $70! $66 is a 40% (strong) retracement from the $110 top we saw just over a year ago but this time may be different as OPEC ended their meeting with no agreement to reign in the massive over-supply of crude that’s spilling out onto the markets, even in the face of continuing declines in…
First let’s preface by stating that I have a dislike for gold sector pom pom wavers as evidenced by this post at Biiwii: Huey, Dewey & Louie. Second, let’s ask what kind of sense it makes to hammer gold mining operations because oil is going down. Gold is exploding higher in relation to the thing that…
With all eyes focused on the malls around America, we thought a glimpse at two of the most important commodities to the world economy would provide food for thought… Copper… And Crude… are at 4-year lows… But you can still get a bargain stock at record highs…
