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Bitcoin Doesn’t Exist

Bitcoin Doesn’t Exist

Gustave Courbet The wave 1869 A while ago, I asked a regular commenter at the Automatic Earth, who goes by the moniker Dr. D, to try and write an article for us. Not long after, I received no less than 31 pages, and an even 12345 words. Way too long for today’s digital attention spans. We decided […]
Government Largess To Large Corps Ballooning Public Debt

Government Largess To Large Corps Ballooning Public Debt

The Irish economy collapsed in the 2008 recession and financial crisis, leading to a massive government bail-out of investment banks and highly levered corporations. The efforts shackled the taxpayers with generational debt that they have been laboring to repay amid cuts to other social programs. At the same time, Ireland shares the common plight of […]
October 2017 CoreLogic Home Prices Up 7% Year-Over-Year

October 2017 CoreLogic Home Prices Up 7% Year-Over-Year

CoreLogic’s Home Price Index (HPI) shows that home prices in the USA are up 7.0 % year-over-year (reported up 0.9 % month-over-month). CoreLogic HPI is used in the Federal Reserves’ Flow of Funds to calculate the values of residential real estate. Analyst Opinion of CoreLogic’s HPI CoreLogic year-over-year rate of growth has been steady for […]
British Pound Falls From Fibonacci Support As USD Tries To Pick A Direction

British Pound Falls From Fibonacci Support As USD Tries To Pick A Direction

In yesterday’s article, we looked at a series of setups around the U.S. Dollar. As we move deeper into the final month of the year, with a Non-Farm Payrolls report on the docket for this Friday and a FOMC rate decision on the calendar for next Wednesday – USD is unlikely to remain here for much longer. But – this […]
Bank Of America To Repurchase An Additional $5B In Stock By June 30, 2018

Bank Of America To Repurchase An Additional $5B In Stock By June 30, 2018

  Bank of America (BAC) announced plans to repurchase an additional $5B in common stock by June 30, 2018. The company previously announced plans on June 28 to repurchase $12B in common stock from July 1, 2017, through June 30, 2018, plus repurchases to offset shares awarded under equity-based compensation plans during the same period, […]
3 Top-Ranked Nuveen Mutual Funds For Excellent Returns

3 Top-Ranked Nuveen Mutual Funds For Excellent Returns

Nuveen Investments was founded in 1898 by John Nuveen and is headquartered in Chicago, IL. The company seeks to provide financial services to its clients by using the multi-boutique structure. It provides these services through an independent team comprising Nuveen Asset Management, Winslow Capital and Symphony. The company deals with a wide variety of mutual […]
Brexit Woes Topples Sterling

Brexit Woes Topples Sterling

The Pound Sterling fell against rivals after markets were disappointed with the latest news on the Brexit negotiations. The UK Prime Minister was unable to cement a deal yesterday to even open talks with the European Union so that free trade could be put on the table. Politics in Northern Ireland played a large role […]
US Trade Deficit Surges Near Five Year High Despite Sliding Dollar

US Trade Deficit Surges Near Five Year High Despite Sliding Dollar

The US trade balance surprisingly blew out in October, increasing from $44.9 billion to $48.7 billion, as unexpectedly exports decreased and imports increased despite the ongoing dollar weakness, missing estimates of $47.5 billion. October’s number was tied for the widest deficit going back to early 2012… … and marks a stark divergence with the recent dollar weakness […]
Technically Speaking: This Is Nuts

Technically Speaking: This Is Nuts

Since the election, markets have accelerated the pace of the advance as shown in the chart below.   The advance has had two main storylines to support the bullish narrative. It’s an earnings recovery story, and; It’s all about tax cuts. There is much to debate about the earnings recovery story but as I showed […]
Tech Rout Hits Hong Kong (Again) As Tencent Extends Worrying Slide

Tech Rout Hits Hong Kong (Again) As Tencent Extends Worrying Slide

Uh-oh. Tencent is in trouble. The ongoing tech rout on Wall Street which manifested itself in the worst 5-day stretch of underperformance for the Nasdaq 100 versus the broader market since 2009 is weighing heavily in Asia as the Hang Seng broke below 29,000. Leading the way was Tencent, which is now down 14% from […]