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Latest Articles: Business/Finance
Dow Theory's Russell: Get Ready for 'Shock and Awe' as Stocks Rocket Higher in 2015
Post Date: 2014-12-31 13:42:51 by BTP Holdings
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Dow Theory's Russell: Get Ready for 'Shock and Awe' as Stocks Rocket Higher in 2015 Wednesday, 31 Dec 2014 08:20 AM By John Morgan Veteran stock forecaster Richard Russell, editor of the Dow Theory Letters, predicts the U.S. market is about to enter the third — and possibly the most profitable — phase of an epic bull market. Russell says his 60 years of experience in financial markets tells him his optimistic outlook is on the mark for 2015. "Is it too late to enter the market? Readers should remember that stocks often advance as much in their third phase as they did in the first and second phases combined. Like a giant magnet, the US stock market is in the ...
Sosnoff’s Law & Other Valuable Lessons
Post Date: 2014-12-30 16:48:13 by BTP Holdings
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Sosnoff’s Law & Other Valuable Lessons by Chris Mayer Chris MayerThis past February, my newsletter, Capital & Crisis (C&C), hit its 10th anniversary. I let it pass without comment, because really, who cares? But a decade, more or less, is a good time to look back over the results. So I finally got C&C's track record independently verified. I want to share these results with you. I also want to share some things I've learned in those now almost 11 years that you might not hear elsewhere. First, those results: Average Return Capital & Crisis Portfolio 28.84% S&P 500 Index 8.58% Alpha 20.26% This table is from a report by Alpha Verification ...
Investing in the Age of QE: The Interest Rate Play That’s Sabotaging Your Portfolio
Post Date: 2014-12-30 16:41:38 by BTP Holdings
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Investing in the Age of QE: The Interest Rate Play That’s Sabotaging Your Portfolio by Chris Mayer. Posted Dec 3, 2014. [Ed. Note:Chris Mayer has stirred up a lively discussion with his recent posts on Modern Monetary Theory. Below, you’ll find Chris addresses some of the questions and comments we received from readers.] Daily Reckoning Reader Question: Even though the banking system is setup so that QE doesn’t cause inflation, it does affect the risk free rate. How does QE, if at all, affect how you value a company? Does it make it hard to pick out a company at a good value? Chris: I think that because QE manipulates interest rates, it makes it more difficult as an ...
China revives US plane company
Post Date: 2014-12-29 23:34:59 by Tatarewicz
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Mooney aircraft rolls off line in China ZHENGZHOU, Dec. 29 (Xinhua) -- A Mooney M20TN utility aircraft rolled off the line on Monday in central China's Henan Province, marking the United States-based manufacturer's revival following its purchase by a Chinese company last year. The piston-powered general aviation aircraft, Zhengzhou No.1, has a maximum speed of 448 km per hour. It has a body length of 8.13 meters, a wing length of 11 meters and a height of 2.59 meters. Four Chinese companies and a private buyer ordered 17 Mooney M20TN on Monday. Meijing Group, a Chinese real estate developer based in Henan, purchased Mooney in October 2013 after it had laid off employees and ...
Former Gun Store Owner Jailed for Refusing to Surrender His Facebook Password
Post Date: 2014-12-29 17:55:31 by BTP Holdings
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Former Gun Store Owner Jailed for Refusing to Surrender His Facebook Password 68 Comments tactical-firearms A conflict between the previous owner of a gun store and its new owner has moved into unexplored legal territory. Jeremy Alcede was the owner of Tactical Firearms in Katy, Texas when the company went bankrupt. The new owners insisted Alcede’s Facebook account should convey with the business. When the two parties could not agree, they went to court, and Alcede ended up in jail for seven hours. The judge who heard the case at first ordered Alcede to surrender his password. When he refused to provide it, he was arrested for contempt of court. Alcede told KTRK-TV in Houston he ...
A Manifesto, Of Sorts
Post Date: 2014-12-29 17:51:06 by BTP Holdings
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A Manifesto, Of Sorts by Addison Wiggin Addison WigginHuman relationships... and passion. Those are the subjects that propel us forward. Our beat is money -- but a lot of what we write about isn't directly related to money. It's about people. "You can't write about economics every day or you'll go crazy," explained our writing partner, friend and mentor Bill Bonner. "You can't write about investing every day or your readers will go crazy. You have to write about something that is richer, fuller and actually more important." And so we re-enter the fray with a story… one you may already be familiar with. If not, it helps explain a little ...
Euro Pacific Capital's Schiff: 'Fed Has No Possibility of Withdrawing Stimulus'
Post Date: 2014-12-29 17:44:01 by BTP Holdings
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Euro Pacific Capital's Schiff: 'Fed Has No Possibility of Withdrawing Stimulus' Monday, 29 Dec 2014 06:00 AM By Dan Weil With oil prices having plunged to five-year lows, the energy industry is headed for bust, but that's not our biggest worry, says Peter Schiff, CEO of Euro Pacific Capital. "Much greater and more fragile bubbles likely exist in the stock, bond and real estate markets, which have also been inflated by the easiest monetary policy in history," he writes in a commentary on his firm's website. "The Fed lacks the firepower to fight a new recession that a bursting of any of these bubbles could create," Schiff says. "Since ...
China's largest oilfield to reduce output
Post Date: 2014-12-29 02:19:52 by Tatarewicz
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HARBIN, Dec. 28 (Xinhua) -- Daqing Oilfield, the largest oilfield explored by China's major oil and gas producer PetroChina, is expected to reduce its production starting in 2015. According to the economic working conference of northeast China's Heilongjiang Province on Saturday, Daqing Oilfield, which produces nearly one-fourth of China's total oil output annually, will see output reduction by 1.5 million tonnes next year. By 2020, Daqing's annual output will be slashed to 32 million tonnes with an annual reduction of more than 1.3 million tonnes, the conference said. As China's largest inland oilfield, Daqing has produced more than 2.1 billion tonnes of crude oil ...
China launches air route to Alaska
Post Date: 2014-12-29 01:48:36 by Tatarewicz
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| Editor: Mengjie CHANGSHA, Dec. 28 (Xinhua) -- China launched its first direct air route to Alaska of the United States on Sunday evening with a Boeing 767 taking off from the central city of Changsha to Anchorage of Alaska. The maiden flight took off at 5:35 p.m. from Changsha, capital of central China's Hunan Province. It is expected to arrive in Anchorage, the largest city of Alaska, in nine and a half hours, said Liu Zhiren, general manager of Hunan Airport Management Group Co. Ltd. The flight will continue its trip to Los Angeles after a 2-hour stop in Anchorage, said Liu. The U.S. carrier Dynamic Airways will fly the route in chartered flight until the end of March next year ...
Low Oil Prices: Boom or Bust?
Post Date: 2014-12-28 13:41:36 by Stephen Lendman
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Low Oil Prices: Boom or Bust? by Stephen Lendman World oil prices are nearly half their year ago price. Triggered by global economic weakness. Market manipulation. Saudi overproduction. OPEC oversupply. US producers flooding world markets with oil. Paul Horsnell heads Standard Chartered's commodities research. He sees chaotic market conditions likely over the next few months. Saying "Opec’s decision not to cut output marks the end of four years of remarkably stable oil prices." "With Opec, at least temporarily, abdicating its role as a price stabilizer, the market has by default taken over that role." "The past 150 years have been marked by frequent ...
Quarter of US Economy About to Skyrocket on the Oil Slump
Post Date: 2014-12-28 05:16:01 by Tatarewicz
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Sputnik... Deprecating oil might be signaling the sudden demise of the main driver of US economy, the shale oil industry, but in fact an ever-cheaper oil will trigger a prosperity in businesses, accounting for 25% of America’s GDP. More Petroleum Turmoil Brewing Within America’s Shale Oil Industry MOSCOW, December 27 (Sputnik), Kristian Rouz — The shale boom, having made the US oil and natural gas companies the main driver of economic growth and employment since the Great Recession, is suffering from the slump in crude prices. If the current trends prevail into the next year, many energy enterprises, thriving not so long ago, might have to cut either personnel, or wages, ...
US Fox in charge of the Ukraine chicken hawk coup bank?
Post Date: 2014-12-28 04:56:51 by Tatarewicz
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28.12.2014 US FOX in charge of the Ukraine chicken hawk coup bank?. 54243.jpeg The other day, I learned that Hungarian born U.S. billionaire hedge fund 'philanthropist' George Soros was a candidate (one of five Fed hucksters) to head bankster Ukraine's Central Bank. This is not exactly earth shattering news given that the lying cabal that is in charge (illegally) of the Kiev junta is a direct result of the U.S. State Department's planned murderous coup d'état which occurred this past February. And you can be sure that Soros' black hands were involved in that covert operation by way of his NGO contributions; no doubt about it. Georgie, has even gloated ...
In a Bind
Post Date: 2014-12-27 14:17:38 by Hmmmmm
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This year’s Christmas parade in Lindsay, in the heart of Oklahoma’s oil country, featured the Stars and Stripes every ten yards, 11 horses with riders in Santa hats and a rifle salute by veterans. But the highlight was a thundering, bright red oil tanker covered in fairy lights and owned by Hamm & Phillips, an oil-services firm with local roots that has ridden the shale boom in the state and across America. That energy revolution is the envy of the business world. Abundant oil and gas have been extracted from underground rocks by blasting them with a mixture of water, chemicals and sand—“fracking”, in the jargon. As well as festive spirit, the firms responsible ...
Magic Growth Numbers
Post Date: 2014-12-27 11:24:16 by Ada
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Everyone wants good news, so the government makes it up. The latest fiction is that US real GDP grew 4.6% in the second quarter and 5% in the third. Where did this growth come from? Not from rising real consumer incomes. Not from rising consumer credit. Not from rising real retail sales. Not from the housing sector. Not from a trade surplus. The growth came from a Bureau of Economic Analysis survey of consumer spending on services. The BEA found that spending on Obamacare drove the US real GDP growth to 5% in the third quarter. www.zerohedge.com/news/20.../here-reason-surge-q3-gdp In America, unlike in other countries, a huge chunk of medical spending goes to insurance company ...
China To Launch Yuan Swap Trading With Russian Rubles On Monday
Post Date: 2014-12-27 04:07:47 by Tatarewicz
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InfoWars... The world was slow to wake up to the new reality in which China is now the de facto IMF sovereign backstop, as Zero Hedge described two weeks ago in “China Prepares To Bailout Russia” when we noted that a PBOC swap-line was meant to reduce the role of the US dollar if China and Russia need to help each other overcome a liquidity squeeze, something we first noted over two months ago in “China, Russia Sign CNY150 Billion Local-Currency Swap As Plunging Oil Prices Sting Putin.” In fact, it was only this week that Bloomberg reported that “China Offers Russia Help With Currency Swap Suggestion.” But in order to fully backstop Russia away from a ...
Long-delayed U.S. high-speed rail plans may ride on Texas express
Post Date: 2014-12-26 22:51:01 by X-15
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AUSTIN, Texas (Reuters) – With high-speed rail in the United States long on plans and short on construction, a Texas company is aiming to fast-track service between Dallas and Houston. The Texas Central Railway Company plans to use private investment and Central Japan Railway bullet train technology to run a line between two of the largest U.S. cities. Company officials say service could begin in 2021. “If we can’t do it in Texas, I don’t know where in the United States you could do it,” said Richard Lawless, chairman and chief executive officer of Texas Central Railway, a private company set up about four years ago to build high-speed rail. Lawless said the ...
Rupee-Ruble Trade to Diversify Int'l Economic Governance, Weaken Dollar
Post Date: 2014-12-26 22:12:58 by Tatarewicz
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Financial analysts have commented on the Indian-Russian agreement on ruble-rupee trade and its impact on global economy. MOSCOW, December 26 (Sputnik), Daria Chernyshova — As India and Russia mull a return of trading in each other’s national currencies, the rupee-ruble trade arrangement may diversify international economic governance and weaken the role of the US dollar, experts told the Sputnik news agency on Friday. “Like the gas deal between China and Russia, the Indian-Russian agreement on ruble-rupee trade will increase the amount of world trade which is not denominated in the dollar,” professor with the Department of Political Studies at the University of ...
Russia prime minister endorses nuclear deal with Jordan
Post Date: 2014-12-26 02:17:44 by Tatarewicz
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PressTV... Russian Prime Minister Dmitry Medvedev has endorsed a draft agreement with Jordan on the joint construction of the Arab country’s first nuclear power plant. Based on the agreement, Russia’s Rosatom State Atomic Energy Corporation will assist Jordan in building a nuclear power plant. The Atomic Energy Commission of Jordan and Rosatom subsidiary Rusatom Overseas had agreed on the project during the 58th General Conference of the International Atomic Energy Agency in the Austrian city of Vienna on September 22. “The construction and operation of nuclear power plants will be financed with investments attracted in the markets of Russia, Jordan and third ...
Natural gas down 29 pct in a month
Post Date: 2014-12-25 06:00:05 by Tatarewicz
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Yahoo... NEW YORK (AP) — Natural gas, the nation's most prevalent heating fuel, is getting cheaper just as winter is arriving because of mild temperatures and plentiful supplies. The price of natural gas has dropped 29 percent in a month, to $3.17 per 1,000 cubic feet on Tuesday from nearly $4.50 in late November. That's a steep drop even for a fuel notorious for volatile price swings. The lower prices are expected to linger and could reduce electricity prices and heating bills in the coming months. Natural gas is used by half of the nation's households for heating and to generate 26 percent of the nation's electricity. Natural gas often rises as winter weather ...
China, Egypt pledge cooperation on big construction projects
Post Date: 2014-12-25 01:16:04 by Tatarewicz
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Chinese Premier Li Keqiang (R) meets with Egyptian President Abdel Fattah al-Sisi in Beijing, capital of China, Dec. 24, 2014.(Xinhua/Liu Weibing) BEIJING, Dec. 24 (Xinhua) -- China and Egypt on Wednesday pledged to promote bilateral cooperation on big construction projects during the first China visit by President Abdel-Fattah Sisi. The pledge was made in the meeting between Premier Li Keqiang and Sisi in the Great Hall of the People. China is ready to make joint efforts with Egypt to push bilateral ties to a new high, Li said. He called on the two countries to strengthen cooperation in such areas as infrastructure construction, trade, investment, and high technology. China wants to ...
Russia and Iran to switch to payments in national currencies
Post Date: 2014-12-24 04:12:53 by Tatarewicz
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Pravda.Ru Russia and Iran to switch to payments in national currencies. Russia and Iran improve food trade Russia's Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) said that Russia and Iran agreed to switch to payments in national currencies in trade of food, RIA Novosti reports. Both sides consider the significant increase and diversification of food production a very tangible contribution to the improvement of bilateral Russian-Iranian trade. Depending on the needs of the Russian market, Iran is ready to increase food production by Iran. The two sides expressed mutual interest in ensuring stable bilateral trade relations with the effective control ...
Exclusive: Arab OPEC sources see oil back above $70 by end-2015
Post Date: 2014-12-23 06:43:44 by Tatarewicz
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Yahoo... ABU DHABI (Reuters) - Arab OPEC producers expect global oil prices to rebound to between $70 and $80 a barrel by the end of next year as a global economic recovery revives demand, OPEC delegates said this week in the first indication of where the group expects oil markets to stabilize in the medium term. The delegates, some of which are from core Gulf OPEC producing countries, said they may not see - and some may not even welcome now - a return to $100 any time soon. Once deemed a “fair” price by many major producers, $100 a barrel crude is encouraging too much new production from high cost producers outside the exporting group, some sources say. But they believe ...
Some "irresponsible" oil states trigger oil price decline: UAE minister
Post Date: 2014-12-21 23:23:40 by Tatarewicz
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DUBAI, Dec. 21 (Xinhua) -- A senior official of the United Arab Emirates (UAE) said on Sunday some Arab countries which are not members of Organization of Arab Petroleum Exporting Countries (OAPEC) triggered "the deterioration in oil prices due to irresponsible oil production," the state-run news agency WAM reported. Suhail Al-Mazrouei, the minister of oil and energy of UAE, made these remarks at the Arab Energy Conference in Abu Dhabi. The three-day conference which runs in its 10th edition will run through Tuesday. Al-Mazrouei said the world had witnessed a significant decrease in oil prices since this summer, "which has created and will create a significant economic ...
Conversation With a Central Banker
Post Date: 2014-12-20 11:42:30 by BTP Holdings
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For today's 5, a conversation with a central banker of considerable renown, who asked not to be identified. We spare you the entire transcript, and pick it up towards the end... The 5: ...Ah yes, but if the Federal Reserve is supposed to maintain the value of the dollar like you said - one of its primary mandates - why has the dollar lost over 95% of its value since the Fed opened for business in 1913? Central banker: Well, we have to adapt to changing market conditions. After the housing crash of 2008, for example, we had to step in to save the market from collapse by injecting some new money into the economy. The 5: Some? The monetary has tripled in just a few short years. Nothing ...
Central Banks Are Now Uncorking The Delirium Phase
Post Date: 2014-12-20 08:49:17 by Ada
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Virtually every day there is an eruption of lunacy from one central bank or another somewhere in the world. Today it was the Swiss central bank’s turn, and it didn’t pull any punches with regard to Russian billionaires seeking a safe haven from the ruble-rubble in Moscow or investors from all around its borders fleeing Mario Draghi’s impending euro-trashing campaign. The essence of its action was that your money is not welcome in Switzerland; and if you do bring it, we will extract a rental payment from your deposits. For the time being, that levy amounts to a negative 25 bps on deposits with the Swiss Central bank—-a maneuver that is designed to drive Swiss Libor into ...
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