Get ready to relive the 2008 crisis: Albert Edwards

This post was originally published on this site QE has been a mainstay for several major central banks in the wake of the crisis, with money created to buy assets like government bonds, helping to inject liquidity into markets with the aim of stimulating the broader economy. Given his forecast step up in money-printing, Edwards […]

This country’s battered stocks may make a great buy

This post was originally published on this siteBrazil’s economy is facing a bleak outlook, plagued with increasing inflation, a plunging currency and contracting GDP. The Dow Jones Brazil Index has fallen almost 45 percent in the past year. But one trader says that all those negative factors are actually creating the perfect environment for a […]

Stock market highs hiding ‘bloodbath’ within

This post was originally published on this siteThe S&P 500 came within a whisker of a record high only 10 days ago. It remains within 2 percent of the all-time high reached in the middle of May. But the index is not telling the whole story. Underneath the surface some serious problems are lurking. “The […]

Cramer: Fed is right to hold firm on rates

This post was originally published on this siteCNBC’s Jim Cramer said Thursday that consistently mixed economic data since the start of the year, in addition to weak global growth, are reasons enough why the Fed held back on a rate hike. “I understand what [Fed Chair Janet] Yellen and company did,” he said on “Squawk […]

Surprise winner among social stocks?

This post was originally published on this siteSocial media giants Facebook and Twitter both reported quarterly results that topped analyst expectations this week, but both stocks sold off following their respective releases. Now, the last best hope for social media investors could be LinkedIn, which is slated to report second-quarter earnings on Thursday after the […]

Gross: Low rates are the problem, not the solution

This post was originally published on this site “Money for nothing” interest rate policies have failed, bond guru Bill Gross said in a broadside Thursday against global central banks. High-risk companies have been able to borrow on the cheap and stock markets have soared, but there’s been little in the way of true investment to […]

GDP a dud but gives Fed inflation glimmer it needs

This post was originally published on this siteSecond-quarter GDP data showed the economy is still growing at a ho-hum pace, but inside the report was a slight pickup in a quarterly inflation that could help the Fed move toward a rate hike. Second-quarter GDP grew at a 2.3 percent pace, lower than the 2.5 percent […]

July slaughter sends commodities to 13-year low

This post was originally published on this siteThe downward slide in commodity prices is accelerating, surpassing the low reached during the financial crisis in 2008 and reaching a 13-year low. “This is one of the worst months in history for commodities,” said Jodie Gunzberg, global head of commodities at S&P Dow Jones Indices. The S&P […]

Gold has potential to plummet to $700: Strategist

This post was originally published on this site For example, Societe Generale’s Albert Edwards is notoriously bearish on stocks and the global economy, but speaks of his love for bullion in a new client note on Thursday morning. “Rock bottom interest rates and large fiscal deficits will mean only one thing; QE (quantitative easing) will […]

Oil to hit low $30s by the end of 2015: Kilduff

This post was originally published on this site The prospect of oil prices falling below $40 receded earlier this year amid a crude rally, but with futures sliding again, investors shouldn’t rule out a three-handle, Again Capital founding partner John Kilduff said Thursday. “Christmas time we’ll probably be rebounding off new lows off of the […]