15 January, 2016 by The TZ Newswire Staff Comments Off on Difference Between NAV and Market Value Reconciliation
Difference Between NAV and Market Value Reconciliation
With certain funds, two key values aren’t always the same.
15 January, 2016 by The TZ Newswire Staff Comments Off on Oil, War, & Drastic Global Change
Oil, War, & Drastic Global Change
Submitted by Raul Ilargi Meijer via The Automatic Earth blog,
The first thing that popped into our minds on Tuesday when WTI oil briefly broached $30 for its first $20 handle in many years, was that this should be triggering a Gawdawful amount of bets, $30 being such an obvious number. Which in turn would of necessity lead to a -brief- rise in prices.
15 January, 2016 by The TZ Newswire Staff Comments Off on Armstrong: "Invisible Hand" Looms Large Over China
Armstrong: "Invisible Hand" Looms Large Over China
Martin Armstrong, well-known economist and forecaster, recently shared his views on a number of alarming trends taking place in China and around the world. Here are some key excerpts from his recent podcast interview with Financial Sense…
15 January, 2016 by The TZ Newswire Staff Comments Off on Wall St. hemorrhages as oil tumbles and China fears deepen
Wall St. hemorrhages as oil tumbles and China fears deepen
Pain was dealt widely, with the day’s trading volume unusually high and more than a fifth of S&P 500 stocks touching 52-week lows. The major S&P sectors all ended sharply lower. The energy sector dropped 2.87 percent as oil prices fell 6.5 percent, in part due to fears of slow economic growth in China, where major stock indexes also slumped overnight.
15 January, 2016 by The TZ Newswire Staff Comments Off on Bond King musical chairs: Gundlach replaces Gross at Barron’s Roundtable this month
Bond King musical chairs: Gundlach replaces Gross at Barron’s Roundtable this month
In recent years, bond investor Jeffrey Gundlach has been outperforming his rival Bill Gross. Now, Gundlach has replaced Gross at the January meeting of a high-profile investor panel. Weekly financial magazine Barron’s is not featuring Gross on its Barron’s Roundtable this January, according to two sources familiar with the matter.
15 January, 2016 by The TZ Newswire Staff Comments Off on Citigroup, Wells Fargo gird for loan losses as oil price dives
Citigroup, Wells Fargo gird for loan losses as oil price dives
Wells Fargo & Co (WFC.N) raised provisions against soured assets by more than 70 percent, nearly half of them for oil and gas loans, to ensure it is covered should prices stay at current levels for the rest of the year. The San Francisco-based bank, a major lender to the U.S. energy industry, said it and other banks were talking to borrowers, including production companies and oil services firms, about how to navigate the crunch.
15 January, 2016 by The TZ Newswire Staff Comments Off on As world markets drop, Fed officials try to shake it off
As world markets drop, Fed officials try to shake it off
SOMERSET, N.J./SAN FRANCISCO (Reuters) – As U.S. stock indexes dropped in volatile trading and oil crashed below $30 a barrel on Friday, Federal Reserve officials stuck to a well-worn script: day-to-day financial market swings do not drive monetary policy. At the same time, the chiefs of two regional Fed banks signaled they are watching inflation closely and the potential impact of falling inflation expectations on monetary policy. The influential chief of the New York Fed warned that slumping oil prices (CLc1) (LCOc1) and a strong dollar (.DXY) have raised the risk of U.S.