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The Forensic Accounting ETF: Where The Bodies Are Buried

The Forensic Accounting ETF: Where The Bodies Are Buried

Photo credit: Tony Hoffarth Forensic accountant John Del Vecchio likes to joke that he knows “where the bodies are buried” in the financial statements. In his line of work, you have to. John is a professional short seller and the author of What’s Behind the Numbers, an excellent primer on short selling I reviewed two years ago. […]
U.S. Equity And Economic Review: It’s A Revenue Recession

U.S. Equity And Economic Review: It’s A Revenue Recession

Last week, Fed President Rosengren offered his analysis of the US economy: Many headlines have focused on real GDP growing at only 1.5 percent in the third quarter. However, I would like to share with you a measure that focuses on domestic demand – real final sales to domestic purchasers, which is shown in Figure 1. This […]
Market In-review: Stocks Heavy As Oil Slips

Market In-review: Stocks Heavy As Oil Slips

  ■ Oil prices lowest since August on OPEC commentary ■ Global equities trade heavily on oil and other commodities’ decreases ■ U.S. stock indices decline after six consecutive weekly gain streak ■ Draghi says more Q.E. possible in Dec ■ USD weakens vs. major currencies in spite of expected Dec Fed liftoff Oil prices […]
U.S. Employment Numbers Too Strong For A Fed Hike

U.S. Employment Numbers Too Strong For A Fed Hike

The question of whether the Fed will raise interest rates by the end of the year is still very much in doubt. But inflation numbers to be reported on Tuesday could provide the final clues as to whether the Fed’s first rate increase in nearly a decade will actually take place. The release of U.S. […]
Yuan Devaluation Likely

Yuan Devaluation Likely

by Richard Duncan China’s economic model of export-led and investment-driven growth is in crisis. With no one left to export more to every year, China now finds itself with extraordinary excess capacity across every industry. Product prices are falling, companies are unprofitable and bank loans are going bad. Any further investment will just worsen the […]
Housing ETFs Tack On Gains On D.R. Horton Q4 Earnings

Housing ETFs Tack On Gains On D.R. Horton Q4 Earnings

D.R. Horton (DHI), one of the biggest and well-known homebuilders of the nation, came up with strong fiscal fourth-quarter 2015 results on November 10 before the bell and also provided a strong outlook. Investors’ reacted favorably as DHI stock was about 11.3% up in the two days post earnings release. Let’s take a look inside […]
Which Countries Pay The Most For Medicinal Drugs?

Which Countries Pay The Most For Medicinal Drugs?

USA! USA! USA! Exceptional America is #1 once again… oh wait! Why does America spend 35% to 90% more per capita than all other developed countries? There are numerous reasons, as Michael Snyder explains, if you have a health problem, even if it is just an imaginary one, some giant pharmaceutical company out there is probably making […]
Commodity Prices Plunge Further As Fed Hike Looms Large

Commodity Prices Plunge Further As Fed Hike Looms Large

The price of copper plunged to a 6-year low on the back of fears that an imminent rate hike is likely in the US. Commodities traders jumped on the bandwagon and shorted copper futures, and sold the metal en masse as it slid $0.054 to $2.164 per pound early in the morning on Thursday, 12 […]
Weighing The Week Ahead: What Is The Message From Falling Commodity Prices?

Weighing The Week Ahead: What Is The Message From Falling Commodity Prices?

Attention quickly shifted from the perceived strength in the monthly employment report to the stock market decline. While some blamed this on the expectation of higher interest rates, there was also plenty of focus on the commodity markets. I expect this interest to continue in the week ahead. The punditry will be asking: What is […]
How Do World Markets React To Terror Attacks?

How Do World Markets React To Terror Attacks?

Terrorism in recent years has become frighteningly common, impacting not only global morale, but also the economy.While the economic repercussions are certainly not the most important ones, anyone relying on market movements to earn their living may be running scared, not only from potential security risks, but from potential economic fallout. Whether we want to admit […]