The biotech sector stood out last year and the NASDAQ Biotechnology Index delivered a stellar 34% return for 2014. Despite some temporary glitches and rough trading in between; encouraging industry …
Read More
by Michael Pettis, China Financial Markets Monetary policy is as much about politics as it is economics. It affects the ways in which wealth is created, allocated, and retained and it …
Read More Podcast: Play in new window | Play in new window (Duration: 13:17 — 6.1MB) DOW + 211 = 17,884 SPX + 21 = 2062 NAS + 48 = 4765 10 YR YLD + .02 …
Read More Playground bullies pick on the weak and the feeble. Extortion (lunch money, allowances, etc.) are common means of avoidance. But feeding the bully never does any good. It’s only when …
Read More These are coming online being approved about every 3-4 months….. HONOLULU–(BUSINESS WIRE)– The Howard Hughes Corporation ® (NYSE: HHC) received approval today for its fifth mixed-use project, the second residential and commercial …
Read More
Adios, Toxic Trash Debt from the Hellenic Province The ECB continues to play the role of “bad cop†in the current back and forth between the Syriza-led government of Greece …
Read More
In ancient times, whenever there was a rise in war or political uncertainty, the human reaction was to hoard money. The hoard of ancient Roman coins 3rd century we purchased …
Read More
The headline, fictional, seasonally adjusted (SA) number of initial unemployment claims for last week came in at 278,000. The Wall Street conomist consensus guess was 290,000. Rather than playing the expectations …
Read More Does Greece matter?  As you can see from the chart on the right, Greece’s $360Bn in debt is mainly owed to the EFSF – the European Financial Stability Facility, which …
Read More
Q: What did the European Central Bank do yesterday that caused a sharp drop today in Greek stocks and bonds? A:Â The European Central Bank said that because it was …
Read More