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BlackRock Chief: Markets Will Be 'Fine' ... The boss of the world's largest money manager said financial markets will be "fine" over the next year despite a sharp downturn early in 2016 ... BlackRock Inc. Chairman and Chief Executive Laurence Fink sa
Millions of Americans are laughing their way to the gas station. But should they be? Sure, the stunning crash in oil prices below $30 a barrel seems great for consumers because it's driven gas at the pump below $2 a gallon. And the thinking is tha
Fears grow of repeat of 2008 financial crash as investors run for cover... As leaders gathered in Davos, FTSE 100 was gripped by panic selling and entered bear market with Dow Jones also plunging.
Did Janet Yellen jump the gun by raising interest rates in December? Not at all, according to the world's second most powerful central banker.
TGIF! Friday started with a bang after a turbulent week.
Lowest On Record. With all eyes on the overnight spike in crude oil prices (up 5% and back over $30, this must be the bottom right?), OPEC remains far from impressed with its basket price hovering at (or near) record low levels at $22.48.
And now… today's Pfennig for your thoughts… Good day, and a tub thumpin' Thursday to you!
Mario Draghi set the euro area up for expanded monetary stimulus for the third time in a year as China's economic slowdown and market volatility threaten to derail the region's recovery. The single currency slid.
Mario Draghi said the European Central Bank may need to bolster its stimulus programs as soon as March amid rising concerns about the euro-area recovery. The euro slid.
(NaturalNews) If you still own stocks and mutual fund shares, you still aren't grasping the systemic risk in the stock market. No matter what you claim to BELIEVE, it is your ACTIONS that actually determine your true grasp of reality.
As chairman of investments at Guggenheim Partners, Scott Minerd thought he had a realistic view on how big an economic challenge climate change poses.
The last 4 months have seen a notable change in the jobless claims regime. After ratcheting lower week after week for 5 years, initial jobless claims have risen from 42 year lows at 243k in October to 293k today.
Been Saying for a Decade...William White is one of the world's top economists.
Did you know that the top 1% has more wealth than the rest of the planet combined?
Earlier today, the Baltic Dry Index hit a new all time low.
It looks like it is going to be another chaotic week for global financial markets.
Warren Buffett has been consistently wrong on oil, but many experts are calling a bottom on oil prices now that the investor extraordinaire has upped his ante in Phillips 66, betting that he can't be wrong three times in a row.
Last time around it was subprime mortgages, but this time it is oil that is playing a starring role in a global financial crisis.
http://davidstockmanscontracorner.com/chinas-ugly-gdp-report-coping-and-denial/
Italian Banks Hammered Things don't matter until they do. For whatever reason, things in Europe are starting to matter.
wealth
Italian bank stocks are crashing (with BMPS down 40% year-to-date) as Reuters reports that investors are growing increasingly nervous about how the sector will cope with lower interest rates and a 200 billion euro ($218 billion) pile of loans that ar
Italian bank stocks are crashing (with BMPS down 40% year-to-date) as Reuters reports that investors are growing increasingly nervous about how the sector will cope with lower interest rates and a 200 billion euro ($218 billion) pile of loans that ar
Remember when showing 'progress' in Europe was as simple as pointing to your high stock market or low bond yields to "prove" everything is awesome.
The S&P 500, (INDEXSP:.INX) S&P/TSX Composite index (INDEXTSI:OSPTX) and Dow Jones Industrial Average(INDEXDJX:.DJI) were awash in blood Friday. For the first two weeks of 2016, the Dow is down 8.25 percent, the S&P 500 is off by 8.005 percent, and t
As was triumphantly announced over the weekend by both parties (making one wonder who actually benefited), after years of U.S. sanctions, Iran is now free to export as much of its oil as it wants after the International Atomic Energy Agency said the
Why This Market Meltdown Isn't a Repeat of 2008 ... The end isn't nigh ... The U.S. economy and financial system are in a very different place. Notably, debt ratios within the U.S. aren't nearly as high outside the government.
Oil is so plentiful and cheap in the U.S. that at least one buyer says it would need to be paid to take a certain type of low-quality crude.
The rout that swept through asset classes, taking oil below $30 a barrel and European and Asian stocks into bear markets, is pushing up gauges of investor stress around the world.
Global collapse imminent
