10 June, 2015 by The TZ Newswire Staff Comments Off on Aussie Central Bank Admits, Property Prices "Have Gone Crazy"
Aussie Central Bank Admits, Property Prices "Have Gone Crazy"
With The Philly Fed admitting QE has been the driver of inequality in the USA and the Kiwis slashing rates unexpectedly, the fact that Reserve Bank of Australia Governor Glenn Stevens uttered the following is even more crucial. “I think it’s a social problem,” Stevens told the Economic Society of Australia, adding ominously, “I think some of what’s happening is crazy,” specifically pointing to Sydney property prices as an example.
10 June, 2015 by The TZ Newswire Staff Comments Off on Big Pharma Revealed As Puppetmaster Behind TPP Secrecy
Big Pharma Revealed As Puppetmaster Behind TPP Secrecy
It is no secret that US healthcare corporations have been among, if not the biggest beneficiaries of Obamacare: by “socializing” costs and spreading the reimbursement pool over the entire population in the form of a tax, pharmaceutical companies have been able to boost medical product and service costs to unprecedented levels with the help of complicit insurance companies who have subsequently passed through these costs to the consumer, in the process sending the price of biotech and pharma stocks to levels not seen since the dot com bubble.
10 June, 2015 by The TZ Newswire Staff Comments Off on Oops! Fed Admits QE Widens Inequality
Oops! Fed Admits QE Widens Inequality
Once again, the Federal Reserve proves that it’s the last one to know everything that we knew already. Today’s stunning announcement: The Philadelphia Fed admits they (“may have”) made the wealthy wealthier and Main Street poorer.
Oops. Sorry America.
10 June, 2015 by The TZ Newswire Staff Comments Off on Asia stocks advance after Wall Street halts slide
Asia stocks advance after Wall Street halts slide
Markets in Asia climbed on Thursday after a sharp rally in U.S. markets sparked by optimism Greece could strike a deal with its creditors.
10 June, 2015 by The TZ Newswire Staff Comments Off on Shanghai Composite looks like a bubble: Pro
Shanghai Composite looks like a bubble: Pro
While Chinese shares could extend gains from here, the Shanghai Composite index is facing growing bubble risks, says Jim Rickards, chief global strategist at West Shore Funds.
10 June, 2015 by The TZ Newswire Staff Comments Off on The Upside Of Soaring Obamacare Premiums?
The Upside Of Soaring Obamacare Premiums?
10 June, 2015 by The TZ Newswire Staff Comments Off on Bounce Back
Bounce Back
Stocks rose from the opening bell and gained through the morning, with all 30 Dow components and all 10 S&P 500 sectors notching gains. Trading volumes were higher than in recent sessions, with about 6.4 billion shares trading hands. But that’s below the average for the year, a sign that many investors opted to sit out the rally.
Banks and other financial companies also pulled ahead, lifted by expectations that rising interest rates will boost bank profits.