14 December, 2014 by The TZ Newswire Staff Comments Off on Markets need to find the good in cheap oil: CIBC
Markets need to find the good in cheap oil: CIBC
Patrick Bennett, FX Strategist at CIBC, says the recent oil-induced turmoil in financial markets is “nonsense” as the collapse of energy markets will benefit countries.
14 December, 2014 by The TZ Newswire Staff Comments Off on Mario Draghi: Goodbye ECB, Hello Italian Presidency?
Mario Draghi: Goodbye ECB, Hello Italian Presidency?
While the entire financial world is hanging on to every Mario Draghi word in hope Europe finally improves the market’s (if not the economy’s) “fundamentals” to new record highs, and joins the rest of the “developed” world’s central banks in injecting trillions of liquidity into the Div/0 P/E stocks “whatever it takes” (because in a world where only multiple expansion is left, the ECB is the last wildcard at least until the US is dragged right back into the global recession and the Fed admits any pipe dreams of a rate hike in 2015 were just that), something far more different may be taking p
14 December, 2014 by The TZ Newswire Staff Comments Off on 13 Hostages Taken In Sydney Financial District Coffee Shop, Jihadists Suspected – Live Feed
13 Hostages Taken In Sydney Financial District Coffee Shop, Jihadists Suspected – Live Feed
Only weeks after Australia broke up a plan by ISIS to publicly behead a member of public, reports suggest 2 gunmen are holding 13 hostages at a Lindt coffee-shop in Sydney, Australia. The terrorists have shown a black jihadist flag – which is not an IS flag – and has paraded the hostages at the windows. The coffee shop is directly across the street from the Reserve Bank of Australia.
14 December, 2014 by The TZ Newswire Staff Comments Off on The Shocking Data Proving Shale Oil Is Massively Over-hyped
The Shocking Data Proving Shale Oil Is Massively Over-hyped
Submitted by Adam Taggart via Peak Prosperity,
Hooray, oil is suddenly much cheaper than it used to be. That’s great news, right?
Not so fast. For certain it’s not good news for those counting on a continued rise in US oil production from the “shale miracle”. Many drillers were challenged to operate profitably when oil was above $70 per barrel. Very few will remain solvent with oil in the $50s (as it is as of this writing).
14 December, 2014 by The TZ Newswire Staff Comments Off on Fed Vice Chairman Shocked At Wall Street Influence After Jamie Dimon "Whips" Cromnibus Votes
Fed Vice Chairman Shocked At Wall Street Influence After Jamie Dimon "Whips" Cromnibus Votes
“Boy, was I wrong,” exclaimed Federal Reserve Vice-Chairman Stanley Fischer, “I thought that when Dodd-Frank started, that the banks would not succeed in influencing it, having lost all the prestige they lost.” Just like the Fed’s economic and rate forecasts, Fischer’s political perspective could not have been more incorrect.
14 December, 2014 by The TZ Newswire Staff Comments Off on When Income Peaked – Americans’ Best Days Are Behind Them
When Income Peaked – Americans’ Best Days Are Behind Them
Median household income peaked at least 15 years ago in 81% of US counties. As WaPo reports, for a stunning 210 counties, income peaked over 45 years ago!!!
14 December, 2014 by The TZ Newswire Staff Comments Off on BC Partners to acquire PetSmart for $8.7 billion
BC Partners to acquire PetSmart for $8.7 billion
Pet supply retailer PetSmart Inc succumbed to calls from some shareholders for a sale on Sunday with an agreement to be bought by a private equity consortium led by BC Partners Ltd for $8.7 billion, in …