22 August, 2016 by The TZ Newswire Staff Comments Off on Goldman Calls It For Oil: "OPEC Freeze Insufficient To Support Prices; The Price Rally Should Stall"
Goldman Calls It For Oil: "OPEC Freeze Insufficient To Support Prices; The Price Rally Should Stall"
Exactly 24 hours ago, we explained why – in our view – the oil rally was over, and gave four key reasons: i) after the biggest documented short squeeze in history, all the “weak hands” had been blown out and any incremental covering from here on out would be far more difficult; ii) an oil OPEC freeze will have no impact coming at a time when production by many cartel members is at all time highs, iii) the Niger Delta Avengers have agreed to a ceasefire meaning up to 300kbpd in N
22 August, 2016 by The TZ Newswire Staff Comments Off on Japan flash manufacturing PMI for August: 49.6 (prior 49.3)
Japan flash manufacturing PMI for August: 49.6 (prior 49.3)
Preliminary August reading for the Nikkei Japan August Manufacturing PMI
– 49.6
– prior 49.3
– Output rose for the first time in six months, to (preliminary) 50.6 (49.4 in the previous month)
22 August, 2016 by The TZ Newswire Staff Comments Off on Patch of Land Moves Into Single Family Rental Market in Utah
Patch of Land Moves Into Single Family Rental Market in Utah
Patch of Land is offering $4 million in a portfolio of single family rental properties in Utah. The offer is to refinance a grouping of 36 properties in the Ogden / Salt Lake City metro areas. The deal is structured as four 24 month loans… Read More
22 August, 2016 by The TZ Newswire Staff Comments Off on As Goes Uber? New York City Drops English Test For Yellow Cab Drivers
As Goes Uber? New York City Drops English Test For Yellow Cab Drivers
As of last Friday, taxi drivers in New York City no longer have to pass an English proficiency exam to get behind the wheel. Apparently City Council thought that requiring cabbies to speak English was discriminatory against immigrants looking for employment. Sure, because communicating with passengers is not really a big part of the job. Per the New York Times, only 4% of taxi drivers in NYC today are actually born in the U.S., down from 62%
22 August, 2016 by The TZ Newswire Staff Comments Off on China data – MNI Business Indicator (August): 54.3 (55.5 prior)
China data – MNI Business Indicator (August): 54.3 (55.5 prior)
China business indications from MNI, for August
– Comes in at 54.3 (first fall in 3 months)
– From July’s 55.5 (July’s was a 9 month high)
– 5th month straight above 50
Companies surveyed cite
22 August, 2016 by The TZ Newswire Staff Comments Off on Target Date Funds vs. Robo-Advisors
Target Date Funds vs. Robo-Advisors
Target date funds have long been one of the main managed account options readily accessible to most all investors. In recent years a new player, the robo-advisor, has come onto the scene. Here is a comparison of these two managed account options.
22 August, 2016 by The TZ Newswire Staff Comments Off on S&P say NZ financial institutions face increased risks
S&P say NZ financial institutions face increased risks
Via Bloomberg, news of S&P thoughts on New Zealand
– NZ financial institutions face increased risks
– Risks include strong growth in house prices, i.e. an increased chance of a sharp correction in house prices