With both Japan and Europe out of the way, the Forex markets have moving fractionally to offer the US dollar a little strength. Of most interest to me is the Yen, which itself is off by about a quart...
The Blackstone Group (BX) Q2 2017 and Bank of New York Mellon (BK) Q2 2017 earnings reports were released before opening bell this morning. Blackstone reported economic net income of 59 cents per shar...
– Bitcoin volatility shows not currency or safe haven but speculation – Volatility still very high in Bitcoin and crypto currencies (see charts) – Bitcoin fell 25% over weekend; Recent high of $...
Major oil draw and a Saudi Arabian coup? The Energy Information Administration (EIA) reported another major 4.727-million-barrel drawdown in crude supply even as US shale production rebounded last wee...
Just recently, Bloomberg ran a fascinating article discussing a new study from the McKinsey Institute. “American manufacturing could be poised to rebound as technological disruption shakes up glob...
Ok, well the euro may have come off a little in the past 24 hours on profit-taking and general angst as to whether Draghi will have the balls to follow through and “assume Sintra”, but the setup f...
Indian share markets lost their growing momentum and finished marginally lower in the afternoon session. At the closing bell, the BSE Sensex stood lower by 51 points, while the NSE Nifty finished...
While nobody was expecting much from the ECB’s policy statement this morning, with all eyes on Draghi’s press conference in 45 minutes, judging by the disappointed market reaction to what ...
Climate change is on course to do a lot of harm to our planet. That is why concerned economists like myself advocate measures that would at least slow the pace of damage and give us more time to adapt...