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Finance & Markets Channel: Latest Posts
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Finance & Markets
S&P 500 Index at Inflection Points
Click to enlarge Source: Standard & Poor’s, First Call, Compustat, FactSet, March 31, 2013 Each quarter, J.P. Morgan Asset Management puts out a lovely guide to the markets. Its filled with all sorts of excellent and informative charts — its 70 pages long, and its free. Check it out. Category: Markets, Technical Analysis This piece is cross-posted from [...]
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Great Leap Forward
Why We’re Screwed, Two: The Love Of Money
Some of you might enjoy this radio interview, a take-off from my GLF blog titled “Why We’re Screwed”. See here for my original post: http://www.economonitor.com/lrwray/2012/07/23/why-were-screwed/ Patience, it gets better mid-way through. Took me a while to get used to the format–several interviewers all at once–but it works well. Short take: you should be mad as hell, [...]
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Finance & Markets
Benefit from the Coming Equity Uptick in Uranium, Potash, and Coal
For Jeb Handwerger of Gold Stock Trades, it’s not a matter of if the uranium sector will rebound, but when. He’s already pounced on the three-year low that hit the spot price in 2011, but as Handwerger tells The Energy Report, investors can still benefit from an equity uptick in the uranium, potash and coal [...]
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Finance & Markets
Bitcoin Bubble or New Virtual Currency?
Yves here. I’ve heretofore avoided the topic of Bitcoin, since I recall the brief fad of the Second Life currency, which then flamed out impressively. And Bitcoin already has had the US Treasury clear its throat and say if market participants try exchanging Bitcoin for dollars, it takes a dim view of that. Recall that [...]
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Great Leap Forward
When Banksters Don’t Like the Law, Their Hired Hands in the Legislature Change It
In an excellent piece, Lawyer Roy Oppenheim warns that the Florida Legislature is moving to legalize bank theft of homes. See his piece here. As I’ve been writing for years, foreclosure is theft in most cases. You see, in their hurry to package mortgages into securities, the banksters virtually never followed the law. I won’t [...]
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Ed Dolan's Econ Blog
Bailouts, Bail-ins, Haircuts and All That: Program Notes for the Cyprus Banking Drama
Ireland, Iceland, now Cyprus—the story of small countries with oversized banking systems is all too familiar. There is never a shortage of commentary when a crisis erupts, but much of it assumes a working knowledge of financial terms and concepts. General readers are left wondering—What is a haircut? What is the difference between a bailout [...]
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Finance & Markets
BBA Rides to the Rescue over EMIR Counterparty Classifications
On 19 March 2013, the British Bankers’ Association (BBA) published a press release regarding the development of a methodology for the consistent classification of counterparties as either financial counterparties (FCs) or non-financial counterparties (NFCs) under EMIR. The BBA initiative maps industry classification codes (SIC 2007, NACE 2 and NAICS 2012) to the EMIR definitions of FC and [...]
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Finance & Markets
Shell to Spend $1bn in Iraqi Oilfield Development
As Royal Dutch Shell prepares to resume operations at Majnoon field in Iraq in May, the supergiant plans to invest more than $1 billion this year to bring production online. After having shut down last summer for maintenance and to build new production facilities, the Majnoon field will begin produced 100,000 barrels per day in May—a volume [...]
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Great Leap Forward
Brad DeLong to Paul Krugman: Yes Deficits DO Matter in MMT
Finally, a prominent “mainstreamer” Keynesian gets MMT. Over the past couple of years, Paul Krugman has got close, but he keeps claiming that MMT believes “deficits don’t matter”. He refuses to cite any MMTer who has ever said such a silly thing. One doubts he’s actually read any serious piece by any proponent of MMT. [...]
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Finance & Markets
UK Budget: More Austerity, Not Less
There are two important events tomorrow in the UK in addition to the monthly jobs report. The first is the minutes from the recent BOE meeting. We already know the MPC did not resume their gilt purchases. However, the vote will be important for investors. Governor King, along with Miles and Fisher had favored resuming gilt [...]
