EMerging Equity
Archive for March 12, 2015
Crazy Bull Market: These Stocks Gained More Than 1,000% Since March 9, 2009
“The Nasdaq has soared 285 percent, the S&P 500 is up nearly 210 percent and the Dow industrials have surged 172 percent since the market bottomed on March 9, 2009. That was when it looked like the world was ending and the stock market was little more than a black hole that countless dupes had … Continue reading
Russia’s International Currency Reserves Declined Again
“Reserves dropped due to the negative balance of the exchange and the mark-to-market adjustments, Central Banks’s press service says,” according to TASS, Russian news agency. Russia’s international reserves declined by $6.3 billion to $356.7 billion from February 27 to March 6, 2015, the Bank of Russia said on Thursday. “Russia’s international reserves are highly liquid foreign assets … Continue reading
Kenya Among The Fastest Growing Economies In Africa
“Low oil prices and loose monetary policy in the U.S. have bolstered Kenya’s economy, leading the World Bank to revise its growth forecast for East Africa’s largest economy to 6% this year sharply up,” WSJ reports. #World Bank sees Kenya's GDP growth at 6.0 pct in 2015 – Reuters Africa http://t.co/n9MRGDnnPr — 757Live Ethiopia (@757LiveET) … Continue reading
IMF Approves 4-Year $17.5 Billion Package For Ukraine, $5 Billion For Immediate Disbursement
The Executive Board of the International Monetary Fund (IMF) yesterday (March 11th) approved a four-year extended arrangement under the Extended Fund Facility for Ukraine. The arrangement amounts to the equivalent of SDR 12.348 billion (about US$17.5 billion, 900 percent of quota) and was approved under the Fund’s exceptional access policy. The Board also took note of … Continue reading
Goldman Sachs: Oil Prices Could Fall To $30 A Barrel
Goldman Sachs President Gary Cohn told CNBC on Wednesday he is very concerned about the short-term window for oil. He thinks crude prices could fall to $30 a barrel. One of the major reasons is the industry runs out of storage space. With the winter heating oil season ending, refineries are turning to producing more gasoline … Continue reading
Guess What Happened The Last Two Times The S&P 500 Was Up More Than 200% In Six Years? – OpEd
By Michael Snyder Just a few days ago, the bull market for the S&P 500 turned six years old. This six year period of time has been great for investors, but what comes next? On March 9th, 2009 the S&P 500 hit a low of 676.53. Since that day, it has risen more than 200 … Continue reading
China’s Tacit Approval Of Moscow’s Ukraine Policy
By Roger McDermott Since Moscow initiated military operations in Ukraine in February 2014, China has seemingly adopted an ambiguous stance as Russia’s annexation of Crimea and destabilization of southeastern Ukraine evoked international condemnation. During the past year, Beijing and Moscow strengthened their strategic partnership by deepening economic ties and enhancing bilateral military cooperation. China’s comparative silence … Continue reading
Scandal Threatens Abe And Japan’s Political Stability
By Brad Glosserman The greatest threat to Japanese Prime Minister Shinzo Abe and his ambitious agenda is political instability in Tokyo. The spectre of such instability is re-emerging after a remarkable period of quiet as cabinet ministers in Abe’s government are being tarred with political funding scandals. Individually, the offences are insignificant. But, cumulatively, they … Continue reading
The ECB’s Noose Around Greece: How Central Banks Harness Governments
By Ellen Brown Remember when the infamous Goldman Sachs delivered a thinly-veiled threat to the Greek Parliament in December, warning them to elect a pro-austerity prime minister or risk having central bank liquidity cut off to their banks? (See January 6th post here.) It seems the European Central Bank (headed by Mario Draghi, former managing … Continue reading
