Ferrari (NYSE:RACE) Beats, Profits Up Sharply, Stock Spikes

Ferrari (NYSE:RACE) Beats, Profits Up Sharply, Stock Spikes






Ferrari (NYSE:RACE) Beats, Profits Up Sharply, Stock Spikes $RACE Thursday, Ferrari (NYSE:RACE), the iconic Italian maker of Supersports and racing cars, reported a 60% increase in Q-1 net profit (22% operating profit margin) on strong sales of some of its highest-powered and highest-priced models. Ferrari’s revenue and profit both beat all analyst expectations, and shares […]






Max Keiser and Stacy Herbert: The Fed and the Future

Max Keiser and Stacy Herbert: The Fed and the Future






Max Keiser and Stacy Herbert: The Fed and the Future Max and Stacy discuss the Fed’s balance sheet and whether or . . . NOT . . . it’s ready to save us all from the next recession. Max continues his interview with Dan Collins of TheChinaMoneyReport.com about China’s booming tech sector. They also discuss […]






Fed Minutes: FOMC Eyes Change to Debt Holdings Policy Ahead

Fed Minutes: FOMC Eyes Change to Debt Holdings Policy Ahead






Fed Minutes: FOMC Eyes Change to Debt Holdings Policy Ahead $DIA, $SPY, $QQQ, $VXX Most FOMC policymakers think the Fed should take steps to begin trimming its $4.5-T balance sheet later this year as long as the economic data holds up, minutes from their March meeting revealed. Uncertainty is substantial, the Fed said, comment on […]






Rising Student Debt Hurts Housing and Consumer Spending

Rising Student Debt Hurts Housing and Consumer Spending






Rising Student Debt Hurts Housing and Consumer Spending Rising student loan debt looks to harm the overall US economy, especially home ownership and consumer spending, a top Federal Reserve official said Monday. The rising debt also might erode colleges’ and universities’ ability to elevate lower-income students. New York Fed President William Dudley cited research from […]






Lawsuit Alleges Obama Administration Inflated Student Loans

Lawsuit Alleges Obama Administration Inflated Student Loans






Lawsuit Alleges Obama Administration Inflated Student Loans Conservative watchdog group Judicial Watch filed a Freedom of Information Act lawsuit against the U.S. Department of Education for records of the Obama Admin’s reported “coding error” which caused inflated College Scorecard repayment rates. “The Obama administration’s Obamacare legislation also included provisions that resulted in the federal takeover […]






Economic Electrical Power Consumption…

Economic Electrical Power Consumption…






Economic Electrical Power (EP) Consumption… US Historical Review: 1929-2017 $DIA, $SPY, $GLD, $SLV Last Friday promised some excitement for this week; what with the much anticipated interest rate increase by the FOMC and the Federal Government hitting its debt ceiling on Wednesday the 15th. Friday evening, it was all much to do about nothing, with […]






US to Keep Aaa-Rating After Debt Ceiling Hike of Cap

US to Keep Aaa-Rating After Debt Ceiling Hike of Cap






US to Keep Aaa-Rating After Debt Ceiling Hike or Cap $MCO Moody’s Investors Services (NYSE:MCO) said Monday the US will retain the rating agency’s top-notch debt rating as long as it meets its interest payments even if the government’s borrowing cap is reinstated Thursday. In November 2015, federal lawmakers suspended the federal debt ceiling, which […]






US Student Loan Debt Reaches $1.31-T

US Student Loan Debt Reaches $1.31-T






US Student Loan Debt Reaches $1.31-T Student loan debt in the United States stands at $1.31-T, far more than Americans’ total outstanding credit card balance of $779-B. The Federal Reserve Bank of New York calculated the numbers and released a report that includes debt data through the end of 2016. Other Key figures in the […]






LTN Favorite Ferrari (NYSE:RACE) Above Key Resistance Turned Support

LTN Favorite Ferrari (NYSE:RACE) Above Key Resistance Turned Support






LTN Favorite Ferrari (NYSE:RACE) Above Key Resistance Turned Support $RACE Ferrari (NYSE:RACE) with a market cap near 12-B has been on the stock market since its IPO date on the 21 October 2015. Ferrari is in the Auto Manufacturers – Major industry and Consumer Goods sector and trade as a Luxury brand. Average volume for Ferrari […]






Millennials’ Worth 50% Less Than Boomers’ During Same Life Stage

Millennials’ Worth 50% Less Than Boomers’ During Same Life Stage






Millennials’ Worth 50% Less Then Boomers’ During Same Life Stage Despite being better educated, Millennials, on average, make 20% less than their parents did during the same life stage. Fully 63% of Millennials have more than $10,000 in Student Debt, they will be paying if for many years to come. A new study released today […]






The Outlook for American Businesses is Grim

The Outlook for American Businesses is Grim






The Outlook for American Businesses is Grim $DIA, $SPY, $QQQ, $VXX The Big Q: Are investors in denial about grim outlook for American businesses? That’s the question Société Générale’s Andrew Lapthorne, global head of quantitative strategy, posed to his bank’s clients in a note Friday. “Asset valuations are extreme; returns are poor, the probability of […]






QE to Infinity: Central Banking’s Manifest Destiny

QE to Infinity: Central Banking’s Manifest Destiny






QE to Infinity: Central Banking’s Manifest Destiny $GLD, $SLV, $GDX I’m not surprised; the week following my article illustrating why I believed the gold and silver miners are “historic buys at today’s prices”; gold, silver and their miners get whacked to their lows of the current, so far 8th week correction. But last week I also […]






Obama’s Description of His Legacy is Excessively Charitable to Himself

Obama’s Description of His Legacy is Excessively Charitable to Himself






Obama’s Description of His Legacy is Excessively Charitable to Himself US President Barack Hussein Obama recently celebrated the 7th anni of the passage of the American Reinvestment and Recovery Act, or as most Americans likely remember it, the $830-M stimulus package. The benefits of the stimulus are up for debate, but Mr. Obama is absolutely […]






Huge Risk Facing the Global Economy

Huge Risk Facing the Global Economy






Huge Risk Facing the Global Economy Global economy continued to face uncertainty and rising risks, Lou Jiwei, China’s Finance Minister, said on behalf of the G20 economies Friday. Uncertainty and risks, including elections in major economies, uncertain fallout of Brexit, rising expectation for rate hikes by the Federal Reserve, increased geopolitical risks and terrorist attacks, […]






The US Has “Tremendous Power”over China

The US Has “Tremendous Power”over China






The US Has “Tremendous Power”over China Donald Trump says the United States has “tremendous power” over China because the world’s 2nd-largest economy depends on American prosperity and because of Beijing’s ownership of a staggering amount of US debt. “They suck the blood out of us and we owe them money,” Donald Trump said Monday. “We […]






Greek PM, “Economy recovering” Calling Investors to Seize Opportunities

Greek PM, “Economy recovering” Calling Investors to Seize Opportunities






Greek PM, “Economy recovering” Calling Investors to Seize Opportunities Saturday, Greek Prime Minister Alexis Tsipras urged investors to invest in his country which is recovering and moving to the period of growth. He made the remarks when presenting his government’s roadmap to the post-crisis future during a keynote speech at the opening of the 81st […]






Formula 1 Sold To John Malone’s Liberty Media for $8.5-B

Formula 1 Sold To John Malone’s Liberty Media for $8.5-B






Formula 1 Sold To John Malone’s Liberty Media for $8-B $LMCA, $LMCK Having run Formula 1 with an Iron Hand for 40 years expected Bernie Ecclestone to exit iconic, profitable Tier 1 motorsports event he created single-handed, and even on its sale for about $8.5-B he will stay in his seat of power and influence. […]






Huge National Debt “Blunts” Prospect for US Economic Growth

Huge National Debt “Blunts” Prospect for US Economic Growth






Huge National Debt “Blunts” Prospect for US Economic Growth $DIA, $SPY, $QQQ, $VXX “Be warned, The steady stream of federal red ink is getting to be a deeper shade of Red.”– Barron’s As increases in annual US budget gap add to national debt, blunt prospects for economic growth, and bode badly for America’s financial future. […]






Yellen Will Not Fail To Deliver Support to Financial Markets

Yellen Will Not Fail To Deliver Support to Financial Markets






Yellen Will Not Fail To Deliver Support to Financial Markets $DIA, $SPY, $QQQ, $VXX Morgan Stanley (NYSE:MS) predicts the US Fed will forgo raising interest rates in September and in December, and Janet Yellen, and the other Fed policy makers said nothing in Jackson Hole, WY, to change the firm’s outlook. US Treasuries pared a […]






American’s are Almost as Wealthy as Ever, it is Scary

American’s are Almost as Wealthy as Ever, it is Scary






American’s are Almost as Wealthy as Ever, it is Scary Americans are about as wealthy as they have ever been and that is worrying monetary officials.  They are concerned that the growing wealth could prove unsustainable because it has outstripped the growth of the economy since the Great Recession’s storied end in Y 2009. A […]






China Confident of Accomplishing Economic Development Targets

China Confident of Accomplishing Economic Development Targets






China Confident of Accomplishing Economic Development Targets The performance of the Chinese economy in 1-H of Y 2016 was steady and in line with expectations, and China is confident of achieving its Key full-year development targets, Chinese Premier Li Keqiang said Friday. “New economy is vibrant, new business forms are booming, and new growth momentum […]






American Companies Sitting on a $1.45-T+ “Cash Pile”

American Companies Sitting on a $1.45-T+ “Cash Pile”






American Companies Sitting on a $1.45-T+ “Cash Pile” $AAPL, $AMZN, $GOOGL, $MSFT, $INTC Corporate cash is at record high marks as increased debt is offsetting net operating cash outflows. America’s largest corporations are sitting on a historically large amount of Green Money these days. Cash and short-term investments on the S&P 500 sector companies’ balance […]






Oman’s State Oil (PDO) Raises $4-B or Projects

Oman’s State Oil (PDO) Raises $4-B or Projects






Oman’s State Oil (PDO) Raises $4-B or Projects $JPM, $HHBC, $ING The amount raised will be used to finance construction of new facilities Petroleum Development Oman (PDO), the country’s top Oil & Gas exploration and production company, has obtained a $4-B loan from international banks, as low Crude Oil prices strain state finances. The 5-year […]






The Fed Policy Makers are Fighting for Their Lives

The Fed Policy Makers are Fighting for Their Lives






The Fed Policy Makers are Fighting for Their Lives Something interesting happened the Friday (Quad Witching) before Brexit; trading volume exploded on a decline in the Dow Jones.  In the BEV chart below I inserted the daily trading volume (mils) for the Dow Jones instead of the usual BEV values to highlight what happened. It […]






China Debt Burden Crisis Unlikely

China Debt Burden Crisis Unlikely






China Debt Burden Crisis Unlikely Amid warnings that China may face a financial crisis induced by its debt burden, an economic expert said this week that a number of factors make this scenario unlikely. “Economists have often used such adjectives as ‘neck breaking’ and ‘breath-taking’ to describe the very fast economic growth of China in […]






The Big Q: Why are Americans so Angry at Barack Hussein Obama II?

The Big Q: Why are Americans so Angry at Barack Hussein Obama II?






The Big Q: Why are Americans so Angry at Barack Hussein Obama II? Americans are angry at the political establishment, both Republican and Democrat. Many are now in the “camp” of Republican Presidential nominee Donald Trump and others in the “camp” Democrat disrupted Bernie Sanders, who have framed powerful indictments of the political and economic status quo, […]






Saudi Arabia Engaged HSBC Banker to Manage Bond Sale

Saudi Arabia Engaged HSBC Banker to Manage Bond Sale






Saudi Arabia Engaged HSBC Banker to Manage Bond Sale Fahad Al Saif has become the 2nd HSBC banker to be appointed to a government role in recent months It was reported Tuesday that Saudi Arabia has engaged HSBC Holdings banker Fahad Al Saif to start a debt management office responsible for the Kingdom’s 1st international […]






Former US President Bill Clinton Crashed the Housing Market

Former US President Bill Clinton Crashed the Housing Market






Former US President Bill Clinton Crashed the Housing Market The way to trading and business riches is simple “Buy low, Sell high.” Donald Trump has been very good at buying low and selling high, and it helps account for his success in business. Last week the Democratic front-runner, Hillary Clinton painted that a crime. While […]






Gulf Borrowers Turn to Private Bonds, Sales Surge

Gulf Borrowers Turn to Private Bonds, Sales Surge






Gulf Borrowers Turn to Private Bonds, Sales Surge Gulf bond sales have increased by 33% so far this year Gulf borrowers are increasingly turning to privately-placed sovereign bonds for funding following a 32% rise in YTD sales, according to reports. Private transactions are seen as a means of avoiding public documentation and the marketing process […]






China’s Economy Seeing Stable Growth in 2016

China’s Economy Seeing Stable Growth in 2016






China’s Economy Seeing Stable Growth in 2016 Recent figures have shown that the Chinese economy has generally seen stable growth with deepening supply-side structural reforms, an official from the National Bureau of Statistics said Monday. Meanwhile, measures have been taken to expand total demand in the 1st 4 months of this year, contributing to economic […]






June Fed Interest Rate Hike In Sight

June Fed Interest Rate Hike In Sight






June Fed Interest Rate Hike In Sight $DIA, $SPY, $QQQ, $VXX The US Fed officials said it would appropriate to raise interest rates in June if economic data points to stronger Q-2 growth as well as firming inflation and employment, according to the FOMC mins from their policy meeting in April. That view suggests the […]






Investors Losing Billions on Central Bank Monetary Policy

Investors Losing Billions on Central Bank Monetary Policy






Investors Losing Billions on Central Bank Monetary Policy $DIA, $SPY, $QQQ, $VXX Investors are losing billions a year from central banks that have set interest rates below Zero in an effort to stimulate economic growth by punishing saving and encouraging lending. Negative-yielding government bonds cost investors about $24-B a year, according to calculations from Fitch […]






UAE Business Loan Demand Grows, Lenders Reluctant

UAE Business Loan Demand Grows, Lenders Reluctant






UAE Business Loan Demand Grows, Lenders Reluctant Central bank report finds improving demand in Q-1, as conditions tighten UAE businesses are demanding more loans but lenders appear less willing to supply them, according to a report from the country’s central bank. In its Q-1 report, the bank said the appetite for business credit improved from […]