Guest: Jeff Cox will tell us why there there is a host of ugliness that will appear once the QE is completed. He tells us that the US is heading toward an unavoidable financial catastrophe that will paralyze the markets and the overall economy. Some call this impending economic catastrophe...
Very heavy open interest has surrounded the CBOE Volatility Index (VIX) over the past few weeks. Much of this has been concentrated around the following strike prices:
July 20th Expiring 25 Strike with Open Interest of about 215,000 contracts
July 20th Expiring 30 Strike with Open Interest of about 211,000...
Despite the economics, including unemployment rates, initial jobless claims, GDP and commodity inflation, consumers are finding more ways to spend there money in the retail space. Is it possible that instead of buying houses, people are renting and using the extra cash to seek retail therapy?
In the words of...
European Central Bank President, Jean Claude Trichet announced today that they would be increasing the benchmark interest rate by 25 basis points to 1.5%. Meanwhile, on Wednesday, China raised its one-year borrowing and lending rates by 25 basis points bringing its deposit rate to 3.5% and benchmark lending rate...
Late in the afternoon, volatility hit Transocean’s (RIG) stock price as the wires reported a possible water leak in the Mariana Rig off of the coast of Ghana. The rig is currently working for Eni who already has had supply disruptions due to the conflict in Libya.
The original news...
