24 December, 2014 by The TZ Newswire Staff Comments Off on Gold Falls Again As Case Builds For Higher Rates
Gold Falls Again As Case Builds For Higher Rates
Gold futures declined for the third straight day Wednesday as gains in the U.S. economy bolstered the case for higher interest rates. Holdings in SPDR Gold Trust (GLD), the world’s biggest exchange traded fund backed by the metal, tumbled 1.6% Tuesday to 712.9 metric tons, the biggest drop since June 2013. That marked the lowest since September 2008. Futures fell 8.4% in the third quarter as the U.S.
24 December, 2014 by The TZ Newswire Staff Comments Off on "Happy" Holidays From Jim Grant
"Happy" Holidays From Jim Grant
Having previously reduced the world’s predicament to two short paragraphs, Jim Grant has outdone himself with this holiday card this year…
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24 December, 2014 by The TZ Newswire Staff Comments Off on We Live In A New World And The Saudis Are The First To Get It
We Live In A New World And The Saudis Are The First To Get It
24 December, 2014 by The TZ Newswire Staff Comments Off on Issuers of mortgage-backed securities have 1 year to comply with risk rule
Issuers of mortgage-backed securities have 1 year to comply with risk rule
Originators of residential mortgage-backed securities will have a year to comply with a risk-retention rule under the Dodd-Frank Law.
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24 December, 2014 by The TZ Newswire Staff Comments Off on Why Everyone Is About To Rush Into Subprime Mortgage Debt (Again)
Why Everyone Is About To Rush Into Subprime Mortgage Debt (Again)
If there is one thing the investing public has ‘learned’ in the last few years, it is ‘no matter how bad the fundamentals, if it’s been working, buy moar of it’. And so, it is with almost certain confidence that we should expect a resurgent flood of yield-chasing muppetry into no more egregious idiocy than the subprime-mortgage-debt market.
24 December, 2014 by The TZ Newswire Staff Comments Off on The High Yield Energy Trader Theme Song: "I Will Survive"
The High Yield Energy Trader Theme Song: "I Will Survive"
Wells Fargo Director/Senior Analyst James Spicer re-imagines Gloria Gaynor’s Disco anthem for the High Yield E&P market…
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For the 3rd time this year we are seeing a spread “dip” that is being envisioned as meaning we “survived”…
24 December, 2014 by The TZ Newswire Staff Comments Off on U.S. jobless claims fall to seven-week low
U.S. jobless claims fall to seven-week low
The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, underscoring the economy’s sustained strength. Initial claims for state unemployment benefits dropped 9,000 …