12 May, 2015 by The TZ Newswire Staff Comments Off on At Least 50 Injured After Amtrak Train Derails In Philadelphia – Live Feed
At Least 50 Injured After Amtrak Train Derails In Philadelphia – Live Feed
Shortly after 920pmET, NBC Philadelphia reports an Amtrak train bound for New York from Washington D.C. derailed with approximately 240 people on board. Officials say 8 to 10 cars left the tracks and there are at least 50 injured. Given the images below, somehow there are no fatalities.
12 May, 2015 by The TZ Newswire Staff Comments Off on Asia stocks mixed as traders fret over bond rout
Asia stocks mixed as traders fret over bond rout
Stocks in Asia zigzagged Wednesday as traders remained concerned over a recent selloff in the global fixed income market.
12 May, 2015 by The TZ Newswire Staff Comments Off on Worst phase of bond selloff is over: Pimco CIO
Worst phase of bond selloff is over: Pimco CIO
Global bond yields will start to stabilize despite a selloff that has sent yields soaring in recent sessions, a bond expert said.
12 May, 2015 by The TZ Newswire Staff Comments Off on Chinese Stocks Overtake US As Most Actively Traded Futures Contract In The World
Chinese Stocks Overtake US As Most Actively Traded Futures Contract In The World
Having lost its mantle as largest economy in the world to China… and world’s biggest oil importer (again to China), ‘exceptional’ USA appears to have just lost its Number 1 status in financial market depth to China also…
China’s Financial Futures Exchange CSI-300 futures contract has now traded more on average than the massively liquid S&P 500 e-mini contract for the last month…
12 May, 2015 by The TZ Newswire Staff Comments Off on More Spending Is Not The Answer To A Slow Economy
More Spending Is Not The Answer To A Slow Economy
Submitted by Dr. Richard Ebeling via The Cobden Centre blog,
Old fallacies never seem to die, they just fad away to reemerge once again later on. One such fallacy is that if there is significant unemployment and slow economic growth it must be due to not enough consumers’ spending in the economy, what Keynesian economists call a “failure of aggregate demand.”
12 May, 2015 by The TZ Newswire Staff Comments Off on Dollar on the defensive before US data, sterling favored
Dollar on the defensive before US data, sterling favored
The dollar nursed modest losses, having fallen in particular against sterling which raced to a five-month high on the back of upbeat UK data.
12 May, 2015 by The TZ Newswire Staff Comments Off on Shale "Revolver Raids" To Resume In October When "Rubber Meets The Road" For HY Energy
Shale "Revolver Raids" To Resume In October When "Rubber Meets The Road" For HY Energy
Now that the defaults and bankruptcies have begun, and now that David Einhorn has jumped on the bandwagon (coining a new word in the process), it’s time for banks to start taking a hard look at just how bad the fallout will be once hedges start rolling off and more weak hands are shaken out of the HY oil & gas space.