While the Eurozone is concerned about disinflationary pressures, Switzerland is dealing with outright deflation. Persistently strong Swiss franc and weak economic growth in the euro area are putting downward pressure on prices.Switzerland PPI (source: …
Predictable red for the early openers: Kiwis -0.4%, Aussies -0.5%, Nikkers -1.5% and Sth Korea -0.5%.
All Aussie sectors in decline: Consumer Discretionary -1%, Financials -0.7% and Healthcare -0.6%.
The Dow Jones Industrial Average slumped as many as 200 points on Thursday on lukewarm housing numbers, poor retail earnings, and a sell-off in small-cap stocks.
Belgium is known for its surprises. For example, it got by amazingly well for a couple of years without a national government, to the chagrin of a lot of people. Now that tiny country with a tiny economy is suddenly piling up a mountain of US Treasuries.
A low silver price doesn’t scare away investors; it draws them in.
In “All the Junk Food You Love is Pricier This Year,” Max Nisen writes on Quartz: “Chipotle’s [Grill – CMG: NYSE] food prices were up 34.5% last quarter in total, with big increases in [beef, cheese, avocado, and pork].” Chipotle’s CFO John Hurtung laments: “While we want to remain accessible to our customers, we’re at a point where we need to pass along these rapidly rising costs.” Chipotle’s stock price was $505 at the close on May 14, 2014, up from $49 at the great liftoff on March 9, 2009.
Shares of America’s largest retail chain missed analyst expectations this morning. Wal-Mart Stores Inc. (NYSE: WMT) blamed the poor winter weather after it reported first-quarter earnings of $1.10 per share
Our Fed-fueled lottery-ticket economy will unravel with a vengeance in the years ahead.Malinvestment–the systemic consequence of the Federal Reserve’s policies of near-zero interest rates and abundant credit–doesn’t just inflate destruction asset bub…
Early openers trying to find traction: Kiwis -0.2%, Aussies flat, Nikkers -1.3% and Sth Korea +0.1%.
Gold +0.8% is the main Aussie mover followed by Energy +0.5%.
The battle between the US and France has been brewing for months, but now it came to a head: the French government decided to spite the US and move forward with the contract to deliver two warships to Russia. To heck with those silly sanctions.
