14 January, 2016 by The TZ Newswire Staff Comments Off on BHP takes $7.2B hit on US shale assets
BHP takes $7.2B hit on US shale assets
BHP Billiton booked a $7.2B writedown on the value of its U.S. shale assets, reflecting a slump in oil and gas prices.
14 January, 2016 by The TZ Newswire Staff Comments Off on UK’s Osborne says no planning being done by Treasury for the consequences of Brexit
UK’s Osborne says no planning being done by Treasury for the consequences of Brexit
UK Chancellor George Osborne says there is no planning being done for the consequences of Britain voting to leave the European Union
– Expressed growing confidence of a renegotiation deal
14 January, 2016 by The TZ Newswire Staff Comments Off on ‘Towering’ Chinese debt mountain while the economy grows its slowest in 25 years
‘Towering’ Chinese debt mountain while the economy grows its slowest in 25 years
Bloomberg with a piece on China’s “credit bubble that has ballooned to $28 trillion in an economy growing at its slowest pace in 25 years”
– China trying to keep the economy growing rapidly enough to repay past obligations
14 January, 2016 by The TZ Newswire Staff Comments Off on PBOC’s Sheng: Market liquidity ample
PBOC’s Sheng: Market liquidity ample
Comments from People’s Bank of China’s Sheng:
– Money supply growth rapid since Q4
– Market liquidity ample
Sheng quoted in Shanghai Securities News (via Bloomberg)
14 January, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Apple’s iPhone slowdown starting to take toll on suppliers
The Wall Street Journal: Apple’s iPhone slowdown starting to take toll on suppliers
Companies that make parts for Apple Inc.
14 January, 2016 by The TZ Newswire Staff Comments Off on "I Don’t Have Faith Anymore": Frustrated Chinese Shun Stocks For Safety Of Dollars, Gold
"I Don’t Have Faith Anymore": Frustrated Chinese Shun Stocks For Safety Of Dollars, Gold
Back in March of last year we noted, with some incredulity, that some 30% of China’s newly-minted day traders had an elementary education or less. Even more incredible, we learned that nearly 6% of the country’s new “investor” class were illiterate.
14 January, 2016 by The TZ Newswire Staff Comments Off on Constructive Signs of a Short-Term Bottom
Constructive Signs of a Short-Term Bottom
A quick review of credit spreads and investor sentiment readings shows that we may be at or near a short-term low on the S&P 500. In the 2010 market correction, the LIBOR-OIS and TED Spread began moving up BEFORE the market sell-off. When spreads rolled over the bottoming process began: After the 2011 mini bear market, stocks were finally able to complete a long drawn out bottoming process…