Skip to main content

Features of the week

Put on your reading, thinking, and relaxation caps; its' time for our, "Features of the week".

1. "White House to quickly replace Wolfowitz". The AP reports that the White House would like to quickly find someone to replace departing World Bank president Paul Wolfowitz.

Wolfowitz announced that the would resign his post on Thursday following a flap over a compensation package arranged for his girlfriend, Shaha Riza, a bank employee.

2. "Damien Hirst Seeks $99 million for Skull With 8601 Diamonds". The sight of this headline prompted a maniacal, "Ah-Ha-Ha!", moment on the part of your editor that even the Mogambo himself would have been proud of.

3. Meanwhile, in their current May issue, ARTnews is asking, "Are You Looking at Prices or Art?".

4. The Aden Forecast takes a look at, "The Bubbling Metals", and finds their long term uptrend lines intact.

5. Paul Lamont on the, "May 10th Credit Collapse", of 1837. A prelude of things to come?

6. One fund manager is high on platinum and shares of platinum mining companies. See Reuters' article, "Platinum bull run to continue for many years", for more.

7. "When bulls and bears agree". Louis-Vincent Gave and Marc Faber do not see the world in similar terms, but they do seem to agree on one thing: the price of agricultural commodities and food products could rise significantly in the coming years.

8. John at Controlled Greed says don't miss this recent New York Times feature on noted value investor and hedge-fund manager, Seth Klarman.

9. The People's Bank of China has widened the yuan's daily trading band against the US dollar. Daily FX asks, "How close are we to a free float?". Lots of background on the importance of China's currency moves in this article.

10. "Can America's masses get charged on electric cars?". Reuters' coverage features notes on the ZAP Xebra, GM's Chevrolet Volt, and Tesla Motors' electric roadsters.

11. From FT.com, "China changes the dynamics of African loans".

12. Paul at Infectious Greed gives us the heads up on a National Geographic feature about "China's instant cities".

13. Relax with some tunes. MSN "In Concert" presents Chris Cornell, live from the Fenix in Seattle.

Popular posts from this blog

Nasdaq credit rating junked.

S&P cut Nasdaq's credit rating to junk status citing debt burdens and its questionable strategy to buy a controlling interest in the London Stock Exchange. Financial Times reported that the exchange's counterparty credit & bank loan rating were lowered fromm BBB- (lowest investment grade rating) to BB+. The change will increase Nasdaq's borrowing costs should it wish to pursue aquisition targets. For an earlier look at the exchange consolidation trend that brought about Nasdaq's push for a stake in the LSE, please see "Exchange fever" .

Jesse Livermore: How to Trade in Stocks (1940 Ed. E-book)

If you've been around markets for any length of time, you've probably heard of 20th century supertrader, Jesse Livermore . Today we're highlighting his rare 1940 work, How to Trade in Stocks (ebook, pdf). But first, a brief overview of Livermore's life and trading career (bio from Jesse Livermore's Wikipedia entry). "During his lifetime, Livermore gained and lost several multi-million dollar fortunes. Most notably, he was worth $3 million and $100 million after the 1907 and 1929 market crashes, respectively. He subsequently lost both fortunes. Apart from his success as a securities speculator, Livermore left traders a working philosophy for trading securities that emphasizes increasing the size of one's position as it goes in the right direction and cutting losses quickly. Ironically, Livermore sometimes did not follow his rules strictly. He claimed that lack of adherence to his own rules was the main reason for his losses after making his 1907 and...

Finance Trends 2019 Mid-Year Markets Review

Email subscribers of the Finance Trends Newsletter receive the first look at new articles and market updates, such as the following piece, sent out to our email list on Sunday (6/14).   Hello and welcome, everyone! If you received our last email notice over the July 4th holiday, you'll know that this weekend's newsletter will serve as a mid-year market update and a follow-up to issue #29, " How to Reinvest in a Rising Market ".   Ladies and gentlemen, without further ado, let's start the show...  Finance Trends Newsletter: Our Mid-Year Market Review When we last spoke, back in February, the U.S. stock market was rallying off its December-January lows. As the S&P 500 and Nasdaq reclaimed their 200 day moving averages in February and March, it became increasingly apparent that a lot of retail investors (and perhaps some institutional investors) were left under-invested while watching this recovery move from the sidelines.  The U.S. stock ...