2011 has been a very difficult year for most investors. Global equity markets are mostly down with double digits for the year. In the past year, U.S. equities were supported by positive corporate earnings despite all the global economic problems and that is the main reason why the performance in the U.S. equity markets is [...]
The hollowing out of the middle class is a potent campaign issue. Almost everyone-even affluent professionals and entrepreneurs-want to identify with the middle class, but increasingly, the genuine middle is a tough place to be. Since 2000, the median income of working age households has fallen more than 10 percent. With the top 25 percent [...]
Euro/USD fell over 1 percent after news of ECB balance sheet expanded to a record level, the Euro is also at a 10-year low versus the Japanese Yen. The ECB increased lending to financial institutions to keep credit flowing during this European debt crisis which is the reason the ECB balance sheet has expanded to [...]
The USD is looking for further gains going into 2012. A solid base has formed at the 72 level in the Dollar Index monthly chart. Once the Dollar Index is able to make its way above the 23.6 percent Fibonacci at 82.216, the Dollar Index is expected to trade within the range of 82 to [...]
Here are the forecasts for upcoming economic data.
Global equities performed very poorly in 2011. All major equity markets are down except for the United States, which is flat for the year. It is not a surprise that the European markets are underperforming due to their debt crisis. The emerging markets such as the BRIC nations are also reporting negative returns. Below is [...]
Taiwan stocks received a boost from its National Stabilization Fund yesterday and posted the biggest gain in more than 2 years. Taiex Index was up 4.6 percent from the government intervention to curb the slumping Taiwan stock market. Taiwan’s stock market was down, close to 22 percent this year, setting for the biggest annual decline [...]
The Euro currency was stronger versus the USD today. The gain was sparked by a rise in the German business confidence and a better than expected U.S. housing starts. The high for the Eur/USD was 1.3131 (at the time of this article) from yesterday’s close of 1.3000.
North Korean leader Kim Jong II died yesterday ending a seventeen year iron grip on North Korea. His third son Kim Jung Un will be the new successor of this Korean “monarchy”. Little is known about the new head of North Korea except he was educated in Switzerland which brings even more uncertainties in the [...]
Just as the U.S. economy appears improving, four sets of forces could thrust America into an abyss rivaling the Great Depression. First, for decades, the Washington has pursued more open global trade and domestic deregulation. These unleashed great potential for innovation and growth; however, China and other nations have abused freer trade through export subsidies [...]