Richard Duncan: Fed Targeting 20,000 on the Dow … Richard Duncan—author, former specialist at the World Bank and consultant to the IMF—says the Federal Reserve plans to stimulate the stock market by 10-15% each year for the next two years. "My opinion is that credit growth will remain insufficient to drive economic growth and, therefore, the Fed is going to have to continue...Read More
NSA collected porn visits data to discredit Muslim 'radicalizers' … The National Security Agency has been collecting a mountain of dirt on the online sexual activity of individuals, all of them Muslims, whom the agency seeks to discredit due to their 'radicalizing' efforts. The expression 'all's fair in love and war' just took on a whole new meaning in the ongoing...Read More
Public-private partners at UN pledge to seek funding for sustainable energy for all … The United Nations and the World Bank today announced a concerted effort by governments, international agencies, civil society and the private sector to scale up efforts to provide sustainable energy to all, with Secretary-General Ban Ki-moon calling for massive new investments in the face of a rising "...Read More
Bank of England ratesetters hit back at critics of forward guidance … Mark Carney and Spencer Dale defend flagship policy, and say the economic recovery would be at risk if the Bank had not indicated how long it would keep interest rates low … In a robust defence of forward guidance – which pledges not to consider raising rates from their record low of 0.5pc until the jobless rat...Read More
China-Japan rearmament is Keynesian stimulus, if it doesn't go horribly wrong … Asia is on the cusp of a full-blown arms race. The escalating clash between China and almost all its neighbours in the Pacific has reached a threshold. All other economic issues at this point are becoming secondary. Beijing's implicit threat to shoot down any aircraft that fails to adhere to its new air c...Read More
Bank of England ratesetters hit back at critics of forward guidance … Mark Carney and Spencer Dale defend flagship policy, and say the economic recovery would be at risk if the Bank had not indicated how long it would keep interest rates low … In a robust defence of forward guidance – which pledges not to consider raising rates from their record low of 0.5pc until the jobless rat...Read More
China-Japan rearmament is Keynesian stimulus, if it doesn't go horribly wrong … Asia is on the cusp of a full-blown arms race. The escalating clash between China and almost all its neighbours in the Pacific has reached a threshold. All other economic issues at this point are becoming secondary. Beijing's implicit threat to shoot down any aircraft that fails to adhere to its new air c...Read More
Investor's Digest of Canada, MPL Communications Inc.133 Richmond St.W., Toronto, ON, M5H 3M8. 1-800-804-8846- Edited from an article by Michael Smedley The black gold of the 21st Century. That's how Kiril Mugerman describes graphite. Of course, to most people, graphite is the stuff of which pencils are made. But Mr. Mugerman, an analyst with Industrial Alliance Securities in Montreal, isn't that...Read More
Stocks End Mixed; Nasdaq Misses 4000 … Stocks pared most of their intraday gains to end mixed, while the Nasdaq Composite Index breached 4000 for the first time in 13 years, but failed to sustain that level. The Dow Jones Industrial Average edged up 8 points, less than 0.1%, to 16073, a fresh record for blue chips. The stock index has closed at a record high 42 times this year. The S&P...Read More
Aborted EU Deal: Massive Protests Rock Ukraine After Pull-Back … In the wake of Ukraine's withdrawal from EU trade deal discussions, Kiev was rocked by the biggest protests since the Orange Revolution while the daughter of imprisoned former Ukrainian leader Yulia Tymoshenko pled for Germany's help. On Sunday, tens of thousands of people took to the streets of Kiev to protest the Ukra...Read More
Stocks End Mixed; Nasdaq Misses 4000 … Stocks pared most of their intraday gains to end mixed, while the Nasdaq Composite Index breached 4000 for the first time in 13 years, but failed to sustain that level. The Dow Jones Industrial Average edged up 8 points, less than 0.1%, to 16073, a fresh record for blue chips. The stock index has closed at a record high 42 times this year. The S&P...Read More
Aborted EU Deal: Massive Protests Rock Ukraine After Pull-Back … In the wake of Ukraine's withdrawal from EU trade deal discussions, Kiev was rocked by the biggest protests since the Orange Revolution while the daughter of imprisoned former Ukrainian leader Yulia Tymoshenko pled for Germany's help. On Sunday, tens of thousands of people took to the streets of Kiev to protest the Ukra...Read More
Antitrust enforcement goes global … As one of the world's top cops on the antitrust beat, the U.S. has long led the fight to curtail price-fixing, collusion, and other anticompetitive behavior in global commerce. And the Justice Department's antitrust division has wielded an especially big club of late. In each of the past two years, criminal penalties in antitrust cases have exceede...Read More
Cord Cutters And The Death Of TV … The TV business is having its worst year ever. Audience ratings have collapsed: Aside from a brief respite during the Olympics, there has been only negative ratings growth on broadcast and cable TV since September 2011, according to Citi Research. Media stock analysts Craig Moffett and Michael Nathanson recently noted, "The pay-TV industry has reported...Read More
Antitrust enforcement goes global … As one of the world's top cops on the antitrust beat, the U.S. has long led the fight to curtail price-fixing, collusion, and other anticompetitive behavior in global commerce. And the Justice Department's antitrust division has wielded an especially big club of late. In each of the past two years, criminal penalties in antitrust cases have exceede...Read More
Cord Cutters And The Death Of TV … The TV business is having its worst year ever. Audience ratings have collapsed: Aside from a brief respite during the Olympics, there has been only negative ratings growth on broadcast and cable TV since September 2011, according to Citi Research. Media stock analysts Craig Moffett and Michael Nathanson recently noted, "The pay-TV industry has reported...Read More
The strange convergence of Bernanke, Hayek and Bitcoin … Every time Federal Reserve Chairman Ben Bernanke opens his mouth, the markets move. But few could have guessed that in an offhand remark he would add legitimacy to the Bitcoin, the virtual currency that competes with the American dollar as a reserve currency and an international trading medium. Yet that is what he did when he held out...Read More
UN climate talks fall apart as 132 countries storm out … Poor countries pulled out of the United Nations climate talks during a fight over transferring wealth from richer countries to fight global warming. The G77 and China bloc led 132 poor countries in a walk out during talks about "loss and damage" compensation for the consequences of global warming that countries cannot adapt t...Read More
The strange convergence of Bernanke, Hayek and Bitcoin … Every time Federal Reserve Chairman Ben Bernanke opens his mouth, the markets move. But few could have guessed that in an offhand remark he would add legitimacy to the Bitcoin, the virtual currency that competes with the American dollar as a reserve currency and an international trading medium. Yet that is what he did when he held out...Read More
UN climate talks fall apart as 132 countries storm out … Poor countries pulled out of the United Nations climate talks during a fight over transferring wealth from richer countries to fight global warming. The G77 and China bloc led 132 poor countries in a walk out during talks about "loss and damage" compensation for the consequences of global warming that countries cannot adapt t...Read More