by David Kranzler Investment Research Dynamics All ten sectors [of the S&P 500] have recorded a decline in expected earnings growth since the beginning of the quarter due to downward revisions to earnings estimates… – John Butters, FactSet I guess declining earnings estimates for America’s biggest companies are the perfect reason for the S&P 500 to have popped 1.22% today.[...]
Tag: debt bubble
Richard Russell Big Picture For Gold – Collapse In Russia, Commodities And A World Flooded With Liquidity
On the heels of the S&P downgrade of Russian debt, as the global markets impatiently await the FOMC decision, today the Godfather of newsletter writers, 90-year old Richard Russell, discusses the big picture of the collapse in Russia, commodities, and a world flooded with liquidity. Richard Russell: “Many years ago I predicted that in the future, the missing and most wanted item would be[...]
When Next Crisis Unfolds, Fed Will Ask China to Revalue Gold! – Stewart Thomson
"America is in no condition to endure an economic downturn, yet a downturn is coming, almost as surely as night follows day. When the next crisis unfolds, I expect the Fed to quietly ask the Chinese central bank to revalue gold, by announcing a major gold buy program. This would allow China’s currency to become a competitor with the dollar. Equally importantly, it would allow the Fed to hide[...]