Monthly Archives: March 2015

“Earnings Estimates Haven’t Declined By This Much Since The Financial Crisis”

by David Kranzler  Investment Research Dynamics All ten sectors [of the S&P 500] have recorded a decline in expected earnings growth since the beginning of the quarter due to downward revisions to earnings estimates… – John Butters, FactSet I guess declining earnings estimates for America’s biggest companies are the perfect reason for the S&P 500 to have popped Read More

Experts Fear World May Be Headed for Yet Another Financial Crisis

By Dan Weil Only six years after the end of the worst financial crisis since the 1930s some experts are worried another one may be on its way.Some are “warning that the global community has failed to learn the lessons of the Greek debt crisis — or even of Argentina’s default in 2001, the consequences Read More

Russia joins China-led Asian Bank

Beijing’s staunch ally, Russia, on Saturday announced its decision to join the China-led Asian Infrastructure Investment Bank, the latest in the growing list of countries applying for membership, including US allies in the European Union. Russian Deputy Prime Minister Igor Shuvalov, at the 2015 annual conference of the Boao Forum for Asia in the coastal Read More

Australia To Start Taxing Bank Deposits….You Next?

Up until now, the world’s descent into the NIRPy twilight of fiat currency was a function of failing monetary policy around the globe as central bank after desperate central bank implemented negative and even more negative (in the case of Denmark some four times rapid succession) rates, hoping to make saving so prohibitive consumers would Read More

Eurozone Can’t Survive in Current Form, Says PIMCO

Single currency area must become a “United States of Europe” in order to secure its future, says manager of world’s largest bond fund. By Szu Ping Chan The eurozone is “untenable” in its current form and cannot survive unless countries are prepared to cede sovereignty and become a “United States of Europe”, the manager of Read More

Fed’s Yellen Says Rate Hikes—But Not Too Many—Are Coming

By Greg Robb WASHINGTON (MarketWatch)—Federal Reserve Chairwoman Janet Yellen on Friday channeled her inner Mary Poppins, giving markets a spoonful of sugar while delivering the message that an increase in interest rates is coming soon. “I expect that conditions may warrant an increase in the federal funds rate target sometime this year,” Yellen told a Read More

As Major Cracks Appear In The Global Financial System, It’s Everyone, Every Currency And Every Central Bank For Itself

By John Ing of Maison Placements March 24 (King World News) – Much is made of America’s economy becoming one of the fastest growing economies in the world. It is all relative. Debt has grown even faster. The US dollar too has soared relative to other currencies, thanks in part to a relatively better economic Read More

“Belief That European QE Will Work Is Far-Fetched,” Bill White Warns This Will “End Very Badly”

As the title of Hinde Capital’s latest note ascribes, we are on “The Road to Nowhere,” and this excellent discussion with former BIS Economic Adviser (and teller-of-the-truth) William White explains it all.. “I’m not sure [European QE] is going to do anything – certainly, nothing that’s good. The fundamental problem here, as I see it Read More

6 Major Flaws in the Fed’s Economic Model – James Rickards

The U.S. dollar is the dominant global reserve currency. All markets, including stocks, bonds, commodities, and foreign exchange are affected by the value of the dollar. The value of the dollar, in effect, its “price” is determined by interest rates. When the Federal Reserve manipulates interest rates, it is manipulating, and therefore distorting, every market Read More

The United States, Weimar Germany And What The Fed Is Really Up To

Today one of the greats in the business spoke with King World News about the United States, Weimar Germany and what the Fed is really up to. He also included two fantastic illustrations that all KWN readers around the world must see. James Turk: “Each week the world’s financial picture goes further and further into Read More