Gross Says America's Privileged 1% Should Pay Higher Taxes … Bill Gross said that wealthy Americans, having reaped the benefits of favorable tax treatment, should be willing to pay a greater share to bolster the prospects of the working class. "If you're in the privileged 1 percent, you should be paddling right alongside and willing to support higher taxes on carried interest, a...Read More
Swiss bank bailout turned poison into profit … When the final chapter of the UBS bailout closes in November, the bank accounts will show tax payers, ordinary account holders and small businesses as the chief beneficiaries. It's been a success story that's proven difficult to repeat elsewhere in the world. Far from losing money on the $31.8 billion (CHF29 billion) rescue act, the gove...Read More
Gross Says America's Privileged 1% Should Pay Higher Taxes … Bill Gross said that wealthy Americans, having reaped the benefits of favorable tax treatment, should be willing to pay a greater share to bolster the prospects of the working class. "If you're in the privileged 1 percent, you should be paddling right alongside and willing to support higher taxes on carried interest, a...Read More
Swiss bank bailout turned poison into profit … When the final chapter of the UBS bailout closes in November, the bank accounts will show tax payers, ordinary account holders and small businesses as the chief beneficiaries. It's been a success story that's proven difficult to repeat elsewhere in the world. Far from losing money on the $31.8 billion (CHF29 billion) rescue act, the gove...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 written by Brian HoffmanIn the months leading up to the October '87 crash, stocks marched higher before getting hammered by higher interest rates and commodity prices. Now, fast-forward 27 years. In the U.S., stocks have continued to march steadily upward despite som...Read More
JP Morgan sees 'most extreme excess' of global liquidity ever … If you think there is far too much money sloshing through the global financial system and causing unstable asset booms, you are not alone. A new report by JP Morgan says the bank's measure of excess global money supply has reached an all-time high. "The current episode of excess liquidity, which began in May 201...Read More
Are conspiracy theories destroying democracy? The more information we have about what governments and corporations are up to the less we seem to trust them. Will conspiracy theories eventually destroy democracy? What if I told you I had conclusive proof that the moon landings were faked, but I had been told to keep it under wraps by my BBC bosses acting under orders from the CIA, NSA and MI6. Most...Read More
JP Morgan sees 'most extreme excess' of global liquidity ever … If you think there is far too much money sloshing through the global financial system and causing unstable asset booms, you are not alone. A new report by JP Morgan says the bank's measure of excess global money supply has reached an all-time high. "The current episode of excess liquidity, which began in May 201...Read More
Are conspiracy theories destroying democracy? The more information we have about what governments and corporations are up to the less we seem to trust them. Will conspiracy theories eventually destroy democracy? What if I told you I had conclusive proof that the moon landings were faked, but I had been told to keep it under wraps by my BBC bosses acting under orders from the CIA, NSA and MI6. Most...Read More
Cameron Announces U.K. Plans for Debut Issue of Islamic Gilts … Minister David Cameron said the U.K. plans to become the first country outside the Muslim world to sell a Shariah-compliant bond as soon as next year. Cameron laid out his government's intentions in a speech to the World Islamic Economic Forum in London. The Islamic bonds, known as sukuk, would be valued at about 200 million...Read More
The Bank of Japan's massive stimulus is working, the International Monetary Fund's mission chief to Japan said, and there is still room to increase purchases of government bonds and exchange-traded funds if a further boost was needed. Jerry Schiff, who is also deputy director of the IMF's Asia-Pacific Department, stressed he saw no need for the central bank to offer additional stimulus...Read More
Cameron Announces U.K. Plans for Debut Issue of Islamic Gilts … Minister David Cameron said the U.K. plans to become the first country outside the Muslim world to sell a Shariah-compliant bond as soon as next year. Cameron laid out his government's intentions in a speech to the World Islamic Economic Forum in London. The Islamic bonds, known as sukuk, would be valued at about 200 million...Read More
The Bank of Japan's massive stimulus is working, the International Monetary Fund's mission chief to Japan said, and there is still room to increase purchases of government bonds and exchange-traded funds if a further boost was needed. Jerry Schiff, who is also deputy director of the IMF's Asia-Pacific Department, stressed he saw no need for the central bank to offer additional stimulus...Read More
Central banks need to 'keep up' with markets says Mark Carney … The Bank of England, Mark Carney said on Thursday night, is open for business. The governor's message to the City was clear. The days when the Old Lady preached the perils of "moral hazard" without due regard to financial pressures are well and truly over. – Financial TimesDominant Social Theme: Mark...Read More
Small-Caps Double Dow in Signal Economy Gaining Speed … The smallest stocks are rallying almost twice as fast as bigger companies in the U.S., a bullish economic signal from businesses whose profits are most dependent on domestic demand. Shares of companies from Rite Aid Corp. to Teledyne Technologies Inc. in the Russell 2000 Index (RTY) have advanced 32 percent in 2013, compared with 19 per...Read More
Central banks need to 'keep up' with markets says Mark Carney … The Bank of England, Mark Carney said on Thursday night, is open for business. The governor's message to the City was clear. The days when the Old Lady preached the perils of "moral hazard" without due regard to financial pressures are well and truly over. – Financial TimesDominant Social Theme: Mark...Read More
Small-Caps Double Dow in Signal Economy Gaining Speed … The smallest stocks are rallying almost twice as fast as bigger companies in the U.S., a bullish economic signal from businesses whose profits are most dependent on domestic demand. Shares of companies from Rite Aid Corp. to Teledyne Technologies Inc. in the Russell 2000 Index (RTY) have advanced 32 percent in 2013, compared with 19 per...Read More
The MoneyLetter, MPL Communications Inc.133 Richmond St.W., Toronto, ON, M5H 3M8. 1-800-804-8846With financial markets focused on recent events in Washington - specifically the federal government slowdown and looming debt ceiling - investors have once again been left feeling paralyzed.But beyond those choppy waters, things are decidedly more positive, which is a good news story on both sides of th...Read More
World's anger at Obama policies goes beyond Europe and the NSA … Whether miffed over spying revelations or feeling sold out by U.S. moves in the Middle East, some of the United States' closest allies are so upset that the Obama administration has gone into damage-control mode to ensure the rifts don't widen and threaten critical partnerships. The quarrels differ in their causes a...Read More
EU Apathy: Leaders Fail to Make Progress at Summit … This week's European Council summit was sidelined by new accusations of US spying in Europe. But despite the distraction, it's clear EU leaders have deferred plans for greater integration, and lack the political will to address pressing concerns like migration. Ahead of talks in Brussels this week, European Union leaders said they...Read More