Wealth Creation Through Natural Resources
The recent trend in economic data is, to put it nicely, poor. Factory orders, new home sales, corporate profit margins, and various indicators of global growth are all trending lower with many reaching lows not seen since 2009: Factory orders … Continued
This is the 2nd consecutive Sunday night that equity futures are trading significantly lower than where they ended the previous Friday: E-mini S&P Futures (30-minute) The proximate cause of the large gap lower in equity futures is Greece and its peoples’ … Continued
The EUR/USD currency pair is fast approaching a key technical crossroads : The ~1.15 level represents support/resistance from January/February and also roughly equates to a 50% retracement of the entire December-March decline from 1.2556 to 1.0462. One can also … Continued
BNP Paribas publish a forex report yesterday entitled “Stick To the Plan; Resell EUR/USD” in which the firm argued the following: “Our positioning indicators suggest EURUSD positioning has not become stretched, and presumably positions have been reduced even further in this … Continued
It’s official, the two largest economic zones have moved into deflation and the trend isn’t indicating that things are going to change anytime soon: The euro area deflationary trend has been fairly steady, whereas, the US has seen … Continued
This is a question people have begun asking themselves this week. Previously the thought of a Greek exit from the eurozone brought about images of bank runs, stock market crashes, and other euro area members leaving the common currency. However, … Continued
Regardless of how one would like to look at things, the eurozone and ECB are driving the global markets bus for the time being. The ECB took the bold step of launching a $1 trillion+ quantitative easing program last month … Continued
All the talk over the weekend has been about a ‘Grexit’ (a Greek exit from the euro) as the new Greek Finance Minister, game theory expert Varoufakis, continues to follow his path of utilizing a “hostage situation” negotiation strategy with Greece’s … Continued
Everyone is talking about oil this morning, meanwhile Tommy Humphreys has an insightful piece on the future of small public offerings in Canada… Marketwatch: 3 reasons for oil’s crazy bounce Bloomberg: Greeks Spooked by Debt Clashes Put Cash Under Bathroom Tiles CEO: TSXV vs … Continued
This chart speaks volumes: A striking chart which seemingly shows the effectiveness of the FED’s extraordinary stimulus measures which began in early 2009 as opposed to the ineffectiveness of the ECB’s behind-the-curve monetary policy. While there are many other significant … Continued