9 June, 2014 by The TZ Newswire Staff Comments Off on The IMF Gets It Wrong (Again)
The IMF Gets It Wrong (Again)
Having previously admitted its an idiot and a liar over Greece forecasts, constantly missed world expectations with a much more rosy picture of hockey-stick-like growth than actually occurs, and now Ukraine’s insanely optimistic assessments; we thought it only fair to point out that, yet again, read more
9 June, 2014 by The TZ Newswire Staff Comments Off on Foreign buyers flock to ‘bargain’ US debt
Foreign buyers flock to ‘bargain’ US debt
Investors across the globe are scooping up Treasurys, an asset whose main selling point until recently was safety. Overseas buyers, led by China, are buying U.S. debt to gather dollars and help weaken their currencies as a way to boost exports. The purchases are taking place while the supply of U.S. government debt is shrinking, due to an improving economy and narrower budget deficit. Strong global demand, shrinking supply and uneven economic growth have helped to limit the impact of reduced Treasury purchases by the Federal Reserve, fueling a price rally that few analysts predicted.
9 June, 2014 by The TZ Newswire Staff Comments Off on Customers may not like United Airlines, but investors do
Customers may not like United Airlines, but investors do
It’s been four years since United and Continental merged to become the nation’s second largest airline, but the air up there is a bit turbulent. The stock might be up (the the tune of more than 150% since the merger) but the much watched JD Power annual satisfaction survey puts the mega carrier second to last for the third year running. So why do investors love airlines like United and others even while customers largely dont’?
9 June, 2014 by The TZ Newswire Staff Comments Off on The other central bank holding down interest rates
The other central bank holding down interest rates
Ira Jersey, senior U.S. interest rate strategist at Credit Suisse, says U.S. rates will remain low because of what’s happening in Frankfurt.
9 June, 2014 by The TZ Newswire Staff Comments Off on Obama to Expand Program Easing Student Loan Repayments
Obama to Expand Program Easing Student Loan Repayments
President Barack Obama will order the Department of Education today to expand a program that would ease student loan repayments for about 5 million people. The new rules would take effect in December 2015, according to the White House. “While most students are able to repay their loans, many feel burdened by debt, especially as they seek to start a family, buy a home, launch a business, or save for retirement,” the White House press office said in a statement.
9 June, 2014 by The TZ Newswire Staff Comments Off on Obama’s new student debt plan may end up backfiring: Aaron Task
Obama’s new student debt plan may end up backfiring: Aaron Task
President Barack Obama will issue an executive order on Monday directing the secretary of education to ensure that students with federal loans will be able to cap payments at 10% of their monthly income. The order expands previous legislation aimed at making it easier for young Americans to repay student loan debts.
9 June, 2014 by The TZ Newswire Staff Comments Off on Pundits baffled as market soars past target highs
Pundits baffled as market soars past target highs
We’re at one of those rare moments in market history when even the pundits are running out of things to say. The S&P 500 is at all-time highs. Momentum names are on-fire.