89.7 F
Thursday, August 18, 2022

USDollar & Stock Futures Dive As Offshore Yuan Spikes To 4-Month Highs

China's offshore yuan extended its spike in early Asia trading, pushing back below 7/USD - its strongest vs the greenback in almost four months... That triggered weakness in the dollar... US equity futures are tumbling back from early gains... And gold is bid... What is China doing? Are they pumping the yuan and stocks to…

“The Dollar Is Out Of Stock Everywhere”: Hong Kong Money Exchangers Turn Away Clients...

Even before protests over a controversial extradition bill sparked the tumultuous pro-democracy movement that swept across Hong Kong last year, the notion that the city's freedoms were under threat, and that China would soon move to curtail them, had been gestating since the 2014 Umbrella Movement. Last Spring, before the movement began in earnest, Kyle…

The Median US Stock Is Now Down 50% From Its Highs As World Loses...

Global stock and bond markets have seen $25 trillion of 'paper' wealth erased in the last month, wiping out all the gains from the Dec 2018 crash lows.... Source: Bloomberg Global bonds are actually still up around $5 trillion while global stocks have lost around $5 trillion since the Dec 2018 lows, and a lot…

The Secret To Fun And Easy Stock Market Riches

Authored by MN Gordon via EconomicPrism.com, On Tuesday, at the precise moment Federal Reserve Chairman Jay Powell commenced delivering his semiannual monetary policy report to the House Financial Services Committee, something unpleasant happened.  The Dow Jones Industrial Average (DJIA) didn’t go up.  Rather, it went down. Were the DJIA operating within the framework of a…

Stocks Ballooning to Levels Not Seen Since Dot-Com Bubble

It’s like Dawn of the Dead on Wall Street. Zombies are everywhere.Even as stocks continue to push to new highs, the number of money-losing companies listed on US stock markets has ballooned to levels not seen since the dot-com bubble of the late 1990s.According to a recent Wall Street Journal article, nearly 40% of US-listed companies are losing…

The Biggest Stock Market “Melt Up” In US History Has Pushed Prices To The...

Authored by Michael Snyder via TheMostImportantNews.com, Over the past several months, we have witnessed one of the greatest stock market rallies in American history. The S&P 500 has gone 70 days in a row without a 1 percent loss, and most weeks we have seen one daily surge after another. If stock prices were exploding because the…

Dems Fuel “Trump Slump” Rhetoric Despite Record High Stock Market

Prominent liberals hoping for economic suffering Democrats bristle if you suggest they’re rooting for an economic downturn.The party of compassion and love wouldn’t dream of hoping for economic suffering and ruin.Or would they?The Hill:“Here Comes the Trump Slump” warned  yet another anti-Trump column from New York Times columnist  Paul Krugman last week. This is  the same Paul Krugman who predicted the…

HP Enterprise Stock Slides After WSJ Report Company Was “Overrun” With Chinese Hackers

Hewlett-Packard Enterprise (HPE) stock is sliding after a solid open following an investigative report from The Wall Street Journal found the  company was "overrun" with Chinese hackers. WSJ notes that cybersecurity investigators first identified aspects of the hack, called Cloud Hopper by the security researchers who first uncovered it, in 2016, and U.S. prosecutors charged…

The Stock Market Has Become A Private Club For The Elite

Authored by Lance Roberts via RealInvestmentAdvice.com, A recent Peter G Peterson Foundation poll, as reported by the Financial Times, revealed a statistic that we have suspected for quite some time. To wit: “Nearly two-thirds of Americans say this year’s record-setting Wall Street rally has had little or no impact on their personal finances, calling into question…

Stock Market Cheerleading: Why Do We Celebrate The Super-Rich Getting Richer?

Authored by Charles Hugh Smith via OfTwoMinds blog, It's not too difficult to predict a political rebellion against the machinery of soaring wealth and income inequality. The one constant across the media-political spectrum is an unblinking focus on the stock market as a barometer of the national economy: every major media outlet from the New York…
Web Hosting

Recent Posts

USD - United States Dollar