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Latest Articles: Business/Finance
Billionaire Sam Zell: Recession Likely in Next 12 Months
Post Date: 2015-12-17 19:37:20 by BTP Holdings
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Billionaire Sam Zell: Recession Likely in Next 12 Months Image: Billionaire Sam Zell: Recession Likely in Next 12 Months Sam Zell (AP) Wednesday, 16 Dec 2015 07:09 PM Billionaire investor Sam Zell said the U.S. economy could go into a recession in the next year and that the Federal Reserve interest-rate increase is coming at least six months too late. The central bank has been too cautious and the economy would already be adjusting if it raised rates six to nine months ago, giving Chair Janet Yellen “more room if a recession is on the way,” Zell said Wednesday in an interview on Bloomberg Television. Multinational companies are laying off workers, global trade is slowing and ...
ADD: Attention to Deflation Disorder
Post Date: 2015-12-17 18:52:38 by BTP Holdings
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If Jim Rickards has told me once, he’s told me a thousand times… “Thanks to Twitter, our society is cursed with a two-second attention span. They expect everything to happen right away. Meanwhile, big events can take days, weeks, months, even years to slowly play out.” That mind worm wriggled in our heads, until we reached today’s diagnosis: Investors have ADD. “Attention to deflation disorder.” Not one day after David Stockman’s live training event, readers displayed all the symptoms. Emails started rolling in last night... “Hallo, Mr. Stockman,” wrote one (German?) reader. “What happened today on Wall Street is the opposite of ...
So Much for ‘Santa Janet’ — Stocks, Gold, Yields Plunge
Post Date: 2015-12-17 18:09:39 by BTP Holdings
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So Much for ‘Santa Janet’ — Stocks, Gold, Yields Plunge Mike Larson | Thursday, December 17, 2015 at 4:30 pm Santa Janet gave the markets a big pile of loot yesterday. Today, the Grinch stole it all! After rallying 224 points on the Dow Industrials yesterday afternoon, stocks gave up the ghost into the close, finishing down 253. That clearly raises the risk the Yellen rally will prove to be just like the Draghi rally we had several days ago — a one-hit wonder followed by lower prices. But that’s only the most obvious warning sign. There are plenty of less-obvious things going on that you shouldn’t ignore. Start with China. The country’s currency ...
This trumps the FEDs big announcement
Post Date: 2015-12-17 16:48:12 by BTP Holdings
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The media wants you to think it's big news, but no matter what the Fed does with interest rates, the three largest banks in the country are still planning to help confiscate your money. The larceny will be so large it will rival the $18 trillion of our so-called national debt. This impending theft is no secret to the powers that be. Pressure is growing on both sides of the aisle for it to happen soon. So the politicians—including some of the folks running for President—have come up with a plan... They'll use "income inequality" as their excuse... What does that mean? Make no mistake—it means they're coming to take your money, period. If you have ...
Lots to Love in Latin America
Post Date: 2015-12-16 07:09:40 by BTP Holdings
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Lots to Love in Latin America Published Wed, Dec 16, 2015 | Martin Hutchinson, Global Markets Analyst Latin America Hides Opportunity for Income Investors Argentina has inaugurated a new pro-market president, Mauricio Macri. Venezuela has elected a two-thirds congressional majority in opposition to leftist President Nicolas Maduro. And Brazil’s parliament has introduced a resolution of impeachment against its leftist president, Dilma Rousseff. In short, Latin America’s governance appears to be improving rapidly – and that means there must be a decent chance that its economic performance will improve, as well. Fortunately, there are a few good ways for U.S. income ...
Could Washington really go broke?
Post Date: 2015-12-16 05:01:59 by BTP Holdings
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Could Washington really go broke? By Mike Burnick, Director of Research, Weiss Research At least six major nations are now in danger of following Greece into default and bankruptcy — and the United States of America is one of them. So says Larry Edelson, Senior Analyst at Weiss Research, an independent financial research firm. Edelson is best known among wealthy investors for the accuracy of his forecasts. He has correctly called most major moves in the U.S. stock market for more than three decades, including the crash of 1987 ... the tech wreck of 2000 ... the crash of 2008-2009 ... and the recoveries that followed each one of these major collapses. More recently, in August of 20 ...
Japan's SoftBank bags first solar power project in India
Post Date: 2015-12-16 00:23:46 by Tatarewicz
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Yahoo... NEW DELHI (Reuters) - SB Energy, a three way joint venture of Japan's SoftBank Group, Bharti Enterprises and Foxconn Technology Co Ltd, has won an order to develop a solar plant in India, marking SoftBank's first foray into renewable energy there. The government of Prime Minister Narendra Modi has set an ambitious target to raise India's solar capacity five fold to 100,000 MW by 2022. U.S.-based SunEdison already runs solar power plants in India. State-run power producer NTPC awarded the contract to SB Energy in a tender floated to develop the 350 megawatts (MW) solar power plant which will have a fixed tariff of 4.63 rupees/kWh for the next 25 years, a SoftBank ...
Paris climate pact sinks coal stocks, lifts renewable energy
Post Date: 2015-12-15 03:07:52 by Tatarewicz
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Yahoo... (Reuters) - A landmark deal to curb global warming dented shares of fossil fuel companies and lifted renewable energy stocks on Monday, although some price swings were muted by the non-binding nature of the pact. The deal forged at the Paris climate summit is widely seen as the most important climate agreement since the 1997 Kyoto Protocol. It commits rich and poor nations to rein in rising carbon levels and seeks to eliminate net greenhouse gas emissions from human activity this century. Renewable energy companies are expected to see big upticks in investments to develop new technologies in coming years, while coal and oil companies may see tougher regulations. "This deal ...
Xinhua: Chinese Officials Admit to Faking Economic Growth Data
Post Date: 2015-12-14 20:31:36 by BTP Holdings
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Xinhua: Chinese Officials Admit to Faking Economic Growth Data By R Williams | Monday, 14 Dec 2015 08:34 AM Several local officials in China's Northeast region admitted they had faked economic data in the past few years to show high growth when the real numbers were much lower, the China Daily website reported, citing the state-owned Xinhua News Agency. "If the past data had not been inflated, the current growth figures would not show such a precipitous fall," one official was quoted as saying. Officials in the region acknowledged they had overstated data ranging from fiscal revenue and household income to GDP, according to the report. Liaoning province's GDP growth ...
Sparking tension: Baltic electricity plan turns tables on Russia
Post Date: 2015-12-14 00:12:48 by Tatarewicz
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Yahoo... Vilnius (AFP) - When Lithuania inaugurates two electrical links to the West on Monday, it will launch a process that will reduce its reliance on Russian electricity, and one day could make Russia dependent on the Baltic grids. With Russia accustomed to wielding energy supplies as a political weapon, the possibility that its westernmost outpost of Kaliningrad could become reliant on the West to keep the lights on has Moscow seething, straining already tense ties over Ukraine. "The first electrons have already passed" through the EU-backed power cables from Sweden and Poland, said Energy Minister Rokas Masiulis after the links were tested. The undersea cable to Sweden ...
One of the Biggest Food Industry Opponents to Labeling Laws Prepares Non-GMO Label
Post Date: 2015-12-13 23:56:55 by Tatarewicz
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TakePart.com If you’re the kind of consumer who avoids GMOs at the grocery store, you’re about to get some help making more informed shopping decisions from an unlikely party: PepsiCo. Early next year, the label from the Non-GMO Project, the largest third-party verification program of GMO-free foods out there, will be featured on Tropicana Pure Premium orange juices and a number of other products. PepsiCo, Tropicana’s parent company, has spent $9 million campaigning against state-level mandatory labeling laws, according to the advocacy group Just Label It, and another $11 million lobbying for a federal bill that would preempt local labeling laws and create a voluntary ...
Russia to launch own crude benchmark in 2016
Post Date: 2015-12-13 22:12:13 by Tatarewicz
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© Sputnik Russia wants to see its domestic oil blends compete with Brent and WTI as primary global crude benchmarks, according to an official from the St. Petersburg International Mercantile Exchange (SPIMEX). © Thomas Peter Russia hints at oil price discount to keep European market share "Our goal is to take a place among the major indicators. Currently, the pricing for most of our oil exports which as well determines our budget, is in the hands of our partners,” SPIMEX advisor Segey Kvartalnov told reporters. He added that it’s important to set a more relevant mechanism for determining a fair price for Russian crude. Initially the Russian futures market could ...
How to Get a FREE COPY of the Best-Selling Silver Investment Book of All Time Rushed to Your Door... Just as the bottom in silver creates a perfect buying opportunity!
Post Date: 2015-12-12 09:13:38 by BTP Holdings
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How to Get a FREE COPY of the Best-Selling Silver Investment Book of All Time Rushed to Your Door... Just as the bottom in silver creates a perfect buying opportunity! You'll also get a brand-new "special appendix" with instructions on how to buy silver below spot prices — right now! And an exclusive offer for your eyes only: a discount on all silver & gold bullion. "Silver prices are bottoming and will soon explode higher... If you want to profit, you MUST have Michael Maloney's Guide to Investing in Gold and Silver." — Nick Hodge Founder, Like Minded People Dear Reader, Precious metals expert Michael Maloney believes we’re on the verge ...
Largest Mutual Fund Failure Since 2008 … Here’s What it Means
Post Date: 2015-12-11 19:34:10 by BTP Holdings
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Largest Mutual Fund Failure Since 2008 … Here’s What it Means Mike Larson | Friday, December 11, 2015 at 4:18 pm The junk bond market has been bleeding for more than a year, with prices falling and yields rising. And while the carnage started in the energy sector, it has gradually spread throughout the high-risk bond and leveraged-credit markets. Now, the troubles have claimed a major mutual fund victim — the Third Avenue Focused Credit Fund (TFCIX). The fund was chock full of junk bonds, stocks, warrants, loans and preferred shares, and those securities have been plunging in value. It had lost almost 27% of its value year-to-date, as you can see in this chart … ...
The Fed has painted itself into the most dangerous corner in history
Post Date: 2015-12-11 10:03:26 by Ada
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The chart below crystallizes why the Fed is stranded in a monetary no man’s land. By the time of next week’s meeting the federal funds rate will have been pinned at about 10 bps, or effectively zero, for 84 straight months. Yet during that same period, the consumer price level has risen by 1.75% per year. And that’s if you give credit to all of the BLS gimmicks, such as hedonic adjustments for quality change, homeowners “imputed” rents and product basket substitution, which cause inflation to be systematically understated. On a basis that is close enough for government work, therefore, the real money market interest rate has been negative 2% for seven years. But ...
Zombies appear in U.S. oilfields as crude plumbs new lows
Post Date: 2015-12-11 02:46:51 by Tatarewicz
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Yahoo... HOUSTON/CHICAGO (Reuters) - Drained by a 17-month crude rout, some U.S. shale oil companies are merely hanging on for life as oil prices lurch further away from levels that allow them to profitably drill new wells and bring in enough cash to keep them in business. The slump has created dozens of oil and gas "zombies," a term lawyers and restructuring advisers use to describe companies that have just enough money to pay interest on mountains of debt, but not enough to drill enough new wells to replace older ones that are drying out. Though there is no single definition of a zombie, most investors and analysts consulted by Reuters say they tend to have exceptionally high ...
The FBI pushes Congress to alter Silicon Valley’s “business model”
Post Date: 2015-12-10 22:46:08 by BTP Holdings
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“When the FBI killed capitalism,” quips the civil liberties blogger Marcy Wheeler on Twitter. Here we go again: The feds say Silicon Valley needs to rethink its “business model.” We return today to the topic of “end-to-end encryption” -- the security technology Apple has built into the current version of iOS and Google has built into the current version of Android. “It means that only the sender and the recipient of a message can unlock it,” explains Andrea Peterson at The Washington Post -- “so, basically, only each ‘end’ of the conversation holds the keys.” That also means it’s impossible for the feds to read intercepted ...
Credit Stress: It Isn’t Just Energy
Post Date: 2015-12-10 20:14:27 by BTP Holdings
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Credit Stress: It Isn’t Just Energy Mike Larson | Thursday, December 10, 2015 at 4:18 pm “Well-contained.” That’s the phrase government and Federal Reserve officials used to describe the subprime mortgage problems in 2006 and 2007. They said the stress wouldn’t spread to the rest of the mortgage and housing industry, much less the broader economy. I said the exact opposite at the time. Sure enough, the entire credit and stock market collapsed, while the economy fell into its deepest recession in decades. Now, many bullish pundits are saying today’s credit-market problems are largely bottled up in the energy sector. A handful of them are willing to admit ...
It Must Be Safe. What Could Go Wrong
Post Date: 2015-12-10 17:32:40 by Ada
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The Federal Reserve, as have all the world’s central banks, has proven that it will happily create as astonishingly much cash and credit as is necessary to completely save the bond market, save the stock market, save the housing market, save the banks, save the government and save everything from everything. How wonderful! Therefore, I have decided, after thinking about it all day, that it must be temporarily safe to venture out of the Top Secret Mogambo Bunker (TSMB) into a scary world where every economic metric is at an extreme overvaluation, and doom and destruction loom over every moment. I mean, what could go wrong? Suddenly, almost on a whim, oh frabjous day! I found myself ...
Why is Warren Buffet buying weed?
Post Date: 2015-12-10 07:22:31 by BTP Holdings
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Everybody knows Warren Buffett as the world’s greatest investor and the third richest man... So why is he piling his fortunes into secret warehouses full of marijuana...? Well, my investigation uncovered the shocking answer... The $200 billion truth behind Buffett’s most controversial scandal EVER... And why some of the world’s richest investors are now following Buffett’s lead. Like Peter Thiel, George Soros, and Elon Musk. All of these "drug dealers" are pouring in millions to see the windfall of a lifetime on the marijuana boom... Something like 2,900% gains are on the table. And Obama is doing nothing to stop them. Here’s how to join them ...
This Sucker Is Going Down. Again.
Post Date: 2015-12-09 21:06:47 by BTP Holdings
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This Sucker Is Going Down. Again. By David Stockman David StockmanIn the aftermath of the Lehman bankruptcy filing, George Bush famously told a group of Congressional leaders that unless they immediately passed an open-ended Wall Street bailout, “this sucker is going down”. They blindly complied. Yet for awhile it seemed of no avail. By the post-crisis bottom in the first quarter of 2009, household net worth had plunged from $68 trillion to $55 trillion or by nearly 20%. That reflected a 60% collapse in the stock averages and a 35% meltdown of housing prices. For a fleeting moment it appeared that economic truth had come home to roost. Namely, that permanent gains in wealth ...
Canada Just Warned That Negative Interest Rates Are Coming
Post Date: 2015-12-08 14:09:16 by Horse
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Moments ago, the Bank of Canada's chief finally said what we had been patiently waiting for over the past several months: admission that Europe's experiment with negative rates is about to cross the Atlantic. From Market News: BOC POLOZ: NOW SEES EFFECTIVE LOWER BOUND FOR POLICY RATE AROUND -0.5% BOC POLOZ: CANADN FIN MKTS COULD FUNCTION IN A NEG INT RATE ENVRIONMNT BOC POLOZ: 'SHOULD THE NEED ARISE' FOR UNCONVENTIONAL MONETARY POLICY, 'WE'LL BE READY' That, as they say, is "forward guidance" of what is coming. And what is coming, is also precisely what Keith Dicker from IceCap Asset Management said in his latest monthly letter, would happen in ...
[CRISIS ALERT] Tom interviews Porter on how to survive the new credit default cycle
Post Date: 2015-12-08 06:39:56 by BTP Holdings
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[CRISIS ALERT] Tom interviews Porter on how to survive the new credit default cycle Ready? Editor’s Note: On Friday, we asked to know your concerns over the Federal Reserve’s looming interest rate hike. The response was overwhelming... and the feedback was disturbing. People fear their retirement savings cannot withstand another shock to the financial system. We’re marshaling PBRG’s maximum “firepower” to help carry you through this economic minefield unscathed. In two days, we’re holding an emergency wealth-protection summit. All PBRG subscribers are invited to attend. In preparation, we share a can’t-miss interview below. PBRG Founder Tom Dyson ...
Is an economic depression likely now?
Post Date: 2015-12-08 05:42:29 by BTP Holdings
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Is an economic depression likely now? By Mike Burnick, Weiss Research Larry Edelson — the Weiss Research Senior Analyst who accurately predicted the stock market crashes of 1987, 2000, and 2008 as well as the more recent rise and fall of gold — now says that a great global depression is now likely. Edelson, who relies primarily on the study of economic cycles, says the first depression since the 1930s could begin in Europe, before spreading spread to Japan and the United States. RELATED: Best investments as European economy declines “Everything in nature moves in regular, rhythmic, predictable cycles,” says Edelson. “From the rising and setting of the sun and ...
Central Banks Are In The Harvest Phase Of The Economic Collapse:John Titus
Post Date: 2015-12-06 22:52:30 by Southern Style
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