(Reuters) – One of the big investment shifts of our day may be at hand – regardless of how global markets actually perform this year.…
On multiple fronts there appears to have been a resumption of hostilities in the global currency wars.
A subtle indication of this is the recently released report, Gold, the Renminbi and the Multi-Currency Reserve System, which I believe is highly sig…
The new-year euphoria in financial markets looks overdone. The S&P 500 is up 5 percent, investors are throwing record sums into equities and Treasuries are flirting with 2 percent yields. But fiscal cliff diving can still hurt the economy and at least one incentive to put money to work may wear off.
There are reasons for optimism. Two-thirds of the S&P 500 companies that have reported quarterly earnings have beaten profit estimates, according to Thomson Reuters I/B/E/S. That, and Congress’s decision to make many Bush-era tax cuts permanent, has helped embolden retail investors, who poured a record $55 billion into equity mutual and exchanged-traded funds this month.
The last time such inflows reached an all-time high, though, was in February 2000 after the economy had grown at a 7 percent clip. That’s hardly the case today. BNP Paribas reckons the economy grew just 1.3 percent in the fourth quarter and will expand a mere 1.0 percent in the first three months of this year.
Jos. A Bank is facing a horrible dilemma as its business model shows signs of cracking.
One sentence from the company’s Friday release reveals just how bad the suit shop’s problems are.
“Historically, we have had strength with these types of items, b…
Starting on Sunday, Jan. 27, retailers will be allowed to tack a surcharge of up to 4% onto your tab if you want to pay…
the Pentagon could force its 800,000 civilian employees to lose one day of work per week without pay from April, in a move that would save $5bn.
The Pentagon and other parts of the US government face across-the-board cuts on 1 March, with an estimated…
http://buzz.money.cnn.com/2013/01/25/herbalife-ackman-icahn/
And it was like a scene from a kindergarten playground.
The comments are even better!!!!!!
Are we about to be sucked into a currency war? As the world economy continues to splutter, countries are looking for ways to break out…
Mark Twain once said that there are three types of lies: “Lies, damn lies and statistics.” On Tuesday, economists Mark Perry and Donald Boudreaux offered…
Davos has been through some violent mood swings these past five years. First there was denial. Then there was panic. Then there was hope that the worst was over. Now there is nagging concern that this downturn simply won’t come to an end.
Each year th…
