Tag Archives: ECB


Big Week For Economic Data In This Week’s Stock Market Yesterday, I put out a note on the huge week ahead we have as far as economic data goes. The 2-day FOMC meeting that concludes Wednesday afternoon at 2pm., and 2nd Qtr. U.S. GDP out Wednesday morning (something less than 2% is expected). Thursday we […]

CLDX +14% On Friday; GIMO +13.31%; SRPT +2.68%

CellDex (CLDX) Rises 14%, GIMO +13.31%, SRPT +2.68% On Friday What a run for CLDX last week. The shares closed out Friday up $2.62 to $21.27 for a gain of 14.05% and over 30% for the week. I believe the shares could still go considerably higher and I wouldn’t be shocked to see the shares […]

Bank Documents Portray Cyprus As Russia’s Favorite Haven

Insight: Bank documents portray Cyprus as Russia’s favorite haven May 16, 2013 By Stephen Grey, Michele Kambas and Douglas Busvine NICOSIA (Reuters) – When the Cyprus bank run began earlier this year, Russians set much of the pace. Documents seen by Reuters show that as the Mediterranean island headed towards financial meltdown in March, most […]

Fascinating Interview With Author Of “The Rotten Heart Of Europe”

Fascinating CNBC Interview With Bernard Connolly, Author Of “The Rotten Heart Of Europe” Rick Santelli of CNBC had a fascinating and thought provoking interview this morning with Bernard Connolly today. Mr. Connolly is an Oxford educated British economist who is known for his pessimistic outlook for the Euro and the European Monetary Union. Having acknowledged […]

DOW 17000 By Year’s End? “This Bull Has Room To Run”

First, a Happy Mother’s Day to all the Moms Out There.” DOW 15,000: “This Bull Has Room To Run,” Could Hit 17,000 By Year’s End The title above is the cover of is weekend’s Barron’s and the 17,000 prediction comes from Jeremy Siegel, Wharton School of Finance Professor and author of, “Stocks For The Long […]

Reinhart & Rogoff Publish Errata (List Of Errors) To 2010 Paper On Public Debt & Growth

Reinhart & Rogoff’s Paper was considered instrumental in Europe/EU pursuing their Austerity “strategy” that has played a big part in Europe’s economic malaise. FINANCIAL TIMES 8 May 2013 10:14pm Reinhart and Rogoff publish errata By Robin Harding in Washington Harvard economists Carmen Reinhart and Kenneth Rogoff have published an errata to their 2010 paper on […]

U.S. Failure To Act On Syria could Prompt Israel To Act Alone On Iran

ECB/Fed Give The Stock Market Rally New Life: Laissez Les Bon Temps Rouler Laissez Les Bon Temps Rouler — often associated with the city of New Orleans is Cajun French for: Let The Good Times Roll. That’s exactly what Big Ben & Super Mario did with their respective language and action last week. Last Thursdy, […]

U.S. Stocks Futures Pointing To A Rebound, Await ECB Rate Cut

U.S. Stock Futures Back Up This Morning As Investors Await Draghi & ECB Decision A bit of a “reversal of fortune,” this morning as the ECB is widely expected to lower interest rates in the Eurozone in about a half hour from now. Mr. Draghi is expected to lower rates from .75 to .50 and, […]

Europe Turning Back Austerity? “Bad Apple?” New Digital Age

U.S. Stocks Move Higher/Eurozone Turning Back On Austerity:? “Bad Apple,” “The New Digital Age.” The stock market is up by a healthy margin as I write this email, largely on the back of substantial equity gains in Europe this morning. The bet is that Europe is about to join the “easing party,” and turn its […]

Developing Countries Are Reducung Euro Holdings

China had been shedding dollars in favor of Euros so it will be interesting to see how their portfolio is adjusted as the Euro faces a crisis of confidence. SPIEGEL ONLINEInternational Developing countries are reducing their holdings of Euros. Countries in the developing world are drastically reducing their euro holdings as economic instability in Europe […]