Saturday, July 04, 2015

The Most Pressing Reason Yet You Want to Avoid Investing in Retail Stocks / Companies / Retail Sector

By: ...

MoneyMorning.com Keith Fitz-Gerald writes:President Obama announced last week that he’s directing the Department of Labor to mandate higher overtime pay for anybody making $50,400 or less per year. Coupled with rising minimum wage standards, that’s given many people reason to cheer.

Yet, this is absolutely the last thing you want to see as an investor.

To be clear, I think anybody who wants a job should have one and that it should pay well. So let’s get that off the table right away.

Friday, July 03, 2015

Fed’s Full Normalization and the Stock Market / Stock-Markets / Stock Markets 2015

By: Zeal_LLC

The US Federal Reserve has been universally lauded for the apparent success of its extreme monetary policy of recent years.  With key world stock markets near record highs, traders universally love the Fed’s zero-interest-rate and quantitative-easing campaigns.  But this celebration is terribly premature.  The full impact of these wildly-unprecedented policies won’t become apparent until they are fully normalized.

Friday, July 03, 2015

The U.S. Dollar's 2014-2015 Rally: Wave 3 in Action / Currencies / US Dollar

By: EWI

An excerpt from our free 14-page report shows you how the Elliott Wave Principle can "Boost Your Forex Success"

I always say trading forex markets is like riding a bike -- except that said bike has one flat tire and the ground beneath it is covered in ice.

So why are they so popular, you might ask? In fact, forex is the most liquid market on earth, where trillions of dollars change millions of hands every day.

Friday, July 03, 2015

The Biotech Market Is on Fire / Companies / BioTech

By: ...

MoneyMorning.com Spending on drugs here in the United States increased 13% last year to $374 billion – the single-biggest one-year jump in history. That’s a record-setting 4.3 billion prescriptions filled.

That means spending on drugs is rising at a rate that’s five times faster than the growth of the overall economy.

Friday, July 03, 2015

Gold and Silver Subdued / Commodities / Gold and Silver 2015

By: Alasdair_Macleod

Gold and silver had a poor week, with no relief from drifting prices after the end of the second quarter. The gold price opened on Monday morning in the Far East at $1187 and fell to a low point at $1158 yesterday. Silver mirrored gold's move falling from $16.05 to $15.50. Both metals rallied yesterday afternoon with gold down slightly but silver up 14 cents. In early European trading this morning there were further small gains.

Friday, July 03, 2015

The Troika Turns Europe Into A Warzone / Politics / Eurozone Debt Crisis

By: Raul_I_Meijer

So now they do it. Now the IMF comes out with a report that says Greece needs hefty debt restructuring.

Mind you, their numbers are still way off the mark, in the end it’s going to be easily double what they claim. Not even a Yanis Varoufakis haircut will do the trick.

Friday, July 03, 2015

The Complexity of Legal Tender / Currencies / Fiat Currency

By: Dr_Jeff_Lewis

Measuring wealth with an ever-expanding ruler makes for a carnival illusion of safety, suspended in a vast, uneven web of complexity.

The longer society and culture remain detached from the nature of true wealth, the more fragile we become to ‘normal’ risk. 

Complexity is not always good or robust.

Friday, July 03, 2015

Stock Market Where are we? And where are we Going? / Stock-Markets / Stock Markets 2015

By: WavePatternTraders

Announcement: We are running a promotion for 3 days; all packages are reduced 50% for your first month. So if you have ever wanted to try our services out, now is the time to take advantage of a reduced price. The offer ends Sunday July 5th at midnight. Please use this discount code 959815683A to take advantage of the promotion.

SPX

These are the questions we all want answering. The gap down last week from the Greece announcement that there would be announcement, potentially it could suggest a possible truanted high in place at 2130. Although we have yet to see a 5 wave decline from 2130SPX, so depending on the outcome to the Greece, may or may not push the markets much lower, although I would favor a large gap down should the vote favor leaving the Euro, similar to last weekend.

Friday, July 03, 2015

Xi’s Anti-Corruption Campaign Is Key to China’s Prospects / Politics / China

By: John_Mauldin

George Magnus is one of the most influential economists in the world today. From his position as chief economist at UBS for a number of years, he enjoyed a front-row seat to growth miracles, credit booms, and financial crises in major economies around the world and is widely credited with identifying the trigger points that eventually led to the global financial crisis in 2008.

Today, he works as an associate at Oxford University’s China Center, a senior economic adviser at UBS, and an independent economic consultant to governments and private investors who can afford his limited time.

Friday, July 03, 2015

Greece Bank Run - “It Could Never Happen Here” / Politics / Credit Crisis 2015

By: Casey_Research

By Jared Dillian

I was watching the 6 o’clock news and saw images of closed banks in Greece and people lined up at ATMs. I’m sure you did, too.

This must seem surreal to most people because it seems so remote. But put yourself in these people’s shoes for a second. You have money in the bank. Suddenly you can’t get to it. After standing in long lines, you can only get 60 euros at a time, which isn’t going to last you very long.

Friday, July 03, 2015

How the New Iranian Nuclear Deal Will Impact Crude Oil / Commodities / Crude Oil

By: ...

MoneyMorning.com Dr. Kent Moors writes: This week, reports emerged that a draft deal on Iran’s nuclear program would be reviewed by the Western negotiators. Crude oil prices plummeted – West Texas Intermediate (WTI) closed down 4.2%, at $56.96 a barrel, the lowest since April 22.

The concern spurring the decline is that an agreement would lift the Western sanctions and allow Iranian oil to flood into the market, propelling prices down.

Friday, July 03, 2015

Greece's So-Called Austerity / Economics / Eurozone Debt Crisis

By: Steve_H_Hanke

It's hard to find anything written or spoken about Greece that doesn't contain a great deal of hand wringing about the alleged austerity -- brutal fiscal austerity -- that the Greek government has been forced to endure at the hands of the so-called troika. This is Alice in Wonderland economics. It supports my 95 percent rule: Ninety-five percent of what you read about economics and finance is either wrong or irrelevant.

Friday, July 03, 2015

China's Stock Market Rollercoaster Ride Continues / Stock-Markets / Chinese Stock Market

By: EWI

But There is a way to endure the wild ride -- with Elliott wave analysis

"Chao gu" is the Chinese term for speculating in stocks. Roughly translated, it means "stir-frying" shares. Lately, though, for millions of Chinese investors, it means getting fried.

Friday, July 03, 2015

It Takes A Village - Avoid Hungry Dragons! / Politics / Social Issues

By: DeviantInvestor

This is a short story.  It has a purpose.  Bear with me.

A long time ago and far, far away there was a village that was occasionally raided by outlaws who took food, jewels, and women.  The villagers were understandably angry but could do little to protect themselves.

One day a large and fearsome dragon landed in the village square.  After negotiating with the Mayor, the dragon agreed to protect the village in return for food.

Friday, July 03, 2015

Gold Stocks Cheap to Buy but Not for Long / Commodities / Gold and Silver Stocks 2015

By: The_Gold_Report

Fund Manager Adrian Day believes that the U.S. dollar is fundamentally overvalued and we can expect a devaluation at some point. This is good news for the price of gold. In this interview with The Gold Report, Day adds the even-better news for investors in gold equities is that so many good shares now sell for so little, and he discusses several companies that won't remain bargains for long.

The Gold Report: Despite the lack of an economic recovery and the reality of ever-increasing debt, the U.S. dollar and the equity markets remain strong, while gold (as denominated in U.S. funds) remains weak. Do you expect these conditions to change?

Friday, July 03, 2015

Capital Controls and a Bank Holiday in Greece… Here’s How You Can Profit / Stock-Markets / Eurozone Debt Crisis

By: Casey_Research

By Nick Giambruno

For the unprepared, it happens like a mugging…

When you hear a central banker or politician deny that something is going to happen to bank depositors, you can almost be certain that it will happen. And probably soon.

Thursday, July 02, 2015

The Fuse of the Global Debt Bomb Has Been Lit / Interest-Rates / International Bond Market

By: Graham_Summers

Greece defaulted on a debt payment to the IMF last night at midnight.

Regardless of anything else, we have now seen a developed country “go over the cliff” in terms of negotiating debt payments. This will have global implications for other indebted countries in terms of negotiating tactics going forward.

Thursday, July 02, 2015

Varoufakis´ Game Theory Mistake, and Why he was Wrong / Politics / Eurozone Debt Crisis

By: Atlantic_Perspective

The Greek finance minister is supposed to be a master in the Game Theory. But like all other theories, the Game Theory is based on assumptions. And Varoufakis got his assumptions wrong. In this short article we explain why.

The whole Greek strategy has been based on the assumption that “if we default, Europe is screwed”. Is it? No.

Thursday, July 02, 2015

Greece's Varoufakis: I will Resign if there's a 'Yes' Vote / Politics / Eurozone Debt Crisis

By: Bloomberg

Greek Finance Minister Yanis Varoufakis told Bloomberg Television's Guy Johnson that he'll quit if Greece votes to accept creditors' bailout proposals in Sunday's referendum.

Johnson directly asked him "If there's a yes vote come Monday night, you will not be Finance Minister" and Varaufakis responded: "I will not."

Varoufakis also said that he would "prefer to cut my arm off" than sign a deal that fails to restructure Greece's debt.

Thursday, July 02, 2015

The Student Loan Bubble: Gambling with America’s Future / Personal_Finance / Student Finances

By: Peter_Schiff

Addison Quale writes: The federal government can't seem to help itself. After overseeing the inflating and bursting of the dot-com bubble in the 1990s and the subprime mortgage bubble in the 2000s, the United States government is at it again - this time in the area of student loans.

Student loan debt now stands at a record $1.2 trillion, which represents the second largest category of consumer debt after home mortgages. It has grown by leaps and bounds since the financial crisis of 2008 and now surpasses even car loans and credit card debt.