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Finance 0
Brent Falls Below $30 Per Barrel
Oil prices are continuing to fall. Brent on March contracts has dropped to $29.6 per barrel. WTI with March delivery is on offer for no more than $29.5 on the market today. Oil quotes resumed their fall from the beginning of this week and this is continuing due to the head of the Saudi Aramco oil company, Khalid al-Falih, saying that investment in energy projects is to remain at the same level. Amongst the other factors, it’s worth noting that there has been a fall in demand for oil from China, one of the world’s biggest consumers. Just to highlight this, the demand for diesel in China dropped 5.6% in December 2015. We now have two differ... -
Finance 0
Next Generation Of Apple Watch Rumored To Be Revealed Next Year
Apple Stock News Many Apple enthusiasts have been anxiously waiting for the purported Apple event in March of this year. Among the speculating crowd, rumors that Apple will reveal its plans for the newest iPhone, the next generation of Apple watches, and possibly even more information on the Apple car. Unfortunately, however, the most recent article from 9 to 5 Mac, might cause some disappoint. The rumor site believes that the March event doesn’t have as much excitement in store as Apple fans would have hoped. The website indicates that as far as the Apple watch goes, there will probably be an update of the operating system, to WatchOS 2.2... -
Finance 0
E The Eye Of The Storm – More Market Pain Is Ahead
The’ eye of the storm’ is being navigated through; with realization no matter how hard one tries to avoid what spins around the ‘zone of calm’, the other side likely features more pain, which may or may not equal or exceed the first phase of violent volatility. In other words; more pain is ahead, though without the shocking impact seen in the first strike, for which so many were unprepared. Monday seriously faltered in its rally attempts; as Oils and Financials remained under pressure; even Apple (AAPL) sold-off some. And the ‘eye of the storm’ is roughly defined as a range between Wednesday’s l... -
Finance 0
E Talking Numbers: Oil
When will Oil bottom? I guess when economic rational decisions lead to economic rational outcomes! So far, Saudi Arabia, Iran, and Iraq seem to be the only producers making economic rational decisions: they continue to raise production because price remains well over their marginal cost of production. But even within this rationality, there is irrationality: by all means don’t cut production, but why raise production, when it is not required – all it is doing is going into inventory and making a bad situation worse. For heaven’s sake, they could sell less Oil for more money simply by matching production with consumption. To be fair, the... -
Finance 0
Millennials = The Future Of The Economy
Those finicky Millennials; what audacity they have driving the entire economy? Back in November, I gave a TED talk highlighting the importance of socially responsible investing and its role as a concept that should really resonate with the younger crowd. Millennials have the power to change the direction of business RIGHT NOW if they would only seize the opportunity. During the day, I often keep CNBC on the TV in the background and throughout the day they interview billionaire CEOs and investors from time to time in order to get their take on the market. A common theme among most interviews is that Millennials are of the greatest interest t... -
Finance 0
Chinese Shares Plummet To 13-Month Low
China’s stocks plunged to their lowest levels in 13 months amid continued concerns that capital outflows will accelerate as the economy slows and as support for the yuan depletes the nation’s foreign reserves. Major benchmarks on the mainland closed more than 6 percent lower on Tuesday. The Shanghai Composite Index plunged 6.4 percent to 2,749.79 at the close. The tech-focused Shenzhen Composite ended 7.1 per cent lower, also its biggest drop since January 7th and at the lowest level since September 30. All industry groups slumped, ranging from commodity companies to new-economy shares such as technology. It was the biggest one-day drop s... -
Finance 0
France, Schengen And The Future Of Europe
The second round of French regional elections will be held this weekend. The first round last weekend saw the National Front do best in terms of popular votes and led in six of the twelve regions. The National Front is not simply anti-austerity, but it is anti-EMU. In regions that NF garnered more than 40% of the vote, the Socialists have withdrawn their candidate and urged their supporters to vote for the center-right candidate to boost the chances of defeating NF. Sarkozy, who heads up the newly-named center-right Republicans, refuses to make a similar concession. Nevertheless, when the votes are tallied, the NF is expected to ... -
Finance 0
The “Golden Age Of Gas” Flames Out
It seemed like only yesterday – it was 2011, in fact – that the International Energy Agency (IEA) published a report on the bright future of natural gas. Titled Are We Entering a Golden Age of Gas?, the report said how great everything looked for gas and liquefied natural gas (LNG) thanks to soaring Asian demand for the fuel. And for a few years demand did boom. In response, a number of LNG projects in the United States, Australia, and elsewhere were brought to the fore. But today, demand for LNG in key Asian markets is falling, sending prices spiraling downward. And major LNG projects around the world are under threat. It was a mere ... -
Finance 0
Data Be Damned, Rate Hike Ahead?
With the “positive” jobs report that came out last Friday, most analysts now think the Federal Reserve will raise interest rates this month. Peter Schiff argues that the jobs report wasn’t really that positive considering the labor participation rate and the number of part-time workers. But he concedes that the rate hike may happen anyway, because Janet Yellen has changed the criteria she’s using to base her decision. On this edition of the Schiff report, Peter explains why the Fed has changed its tune, and why a hike, if it happens, isn’t the beginning of an upward trajectory. The Fed chairman is trying to minimize the importance o... -
Finance 0
EC Treasury Snapshot As We Approach A Rate Hike Decision
Next week we’d learn whether the Fed indeed gives us a December rate hike. Let’s take a close look at US Treasuries a week in advance of that decision. The yield on the 10-year note ended the day on yesterday at 2.24%, which is at the higher end of the year-to-date range of 1.68% to 2.50%. The yield on the 2-year note closed yesterday at 0.94%, a couple of ticks below its 0.96% interim high set on Thursday and Friday of last week. The first chart shows the daily performance of several Treasuries and the Fed Funds Rate (FFR) since 2007. The source for the yields is the Daily Treasury Yield Curve Rates from the US Department of th...
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