The CTFC has begun its crusade to regulate commodity ETFs. Hearings are being held throughout the week to determine “appropriate” sizes for exchange-traded funds which are now catching the blame for a global run up in commodity prices. The first victim was United States Natural Gas Fund (UNG) which is rumored to control up to 80% of all front month contracts on the exchange. Read more…
ETF
So often do we hear that the US economy is going through a “jobless recovery” or one in which prices stabilize and the economic fundamentals (GDP, trade balance) begin to recovery. The simple fact of the matter, however, is that there is no recovery without jobs, and a jobless recovery is not a recovery at all. Read more…
Investing
One of the biggest market newsmakers recently has been Goldman Sach’s high frequency trading program. The automated system is incredibly complex, using data obtained from the NASDAQ and NYSE markets to front run virtually every trade that happens on the exchange. Read more…
Stocks
Its July 20 and there are just a few days until your Chase minimum payment skyrockets 250%. After calling the customer service representatives you realize they’re not going to do anything about it, and you’re going broke quickly. But there is one phone number you haven’t tried, because if you had, you’d actually get approved for a lower rate! Read more…
Economy
The Federal Reserve began its quantitative easing scheme just a few months ago, but today nearly all of its allocated reserves have been spent. The goal is to weigh down interest rates to get the economy moving, and while interest rates have fallen, the economy continues to grind to a standstill. Read more…
Economy
For all it’s highlighted benefits, daytrading as a whole is often detrimental to most trader’s account balances. Over the years, day trading has been exploited as a way to make money quick, but for most, it’s a way to lose even faster. We’ll breakdown daytrading, and the math, to discover why day trading simply doesn’t make sense. Read more…
Investing
As we know, stocks posted a hefty rebound today, fueled by speculation that 2Q bank earnings would improve over the quarter before. While we all know that Chase’s earnings will improve after raising minimum payments from 2% to 5%, the remaining banks don’t seem like they’re in such great shape. Read more…
Stocks
Commodity ETFs exploded during the 2007-2008 boom year for virtually every commodity. However, as the Federal government continues to poke its nose around the financial markets, its taking a hard look at exchange-traded funds. The CFTC contends that it is exchange-traded funds that are causing manipulation on the commodities markets. Read more…
ETF
In macroeconomics, no global meetings are as powerful as G8 summits. The eight largest economic countries come together to decide economic policy, both for themselves and the world. Usually the G8 meetings come and go, with very little of anything other than pictures coming out of the world-wide talks. Read more…
Economy, Forex
Just as Chase seeks to up its minimum payments now on a reported 800,000 credit card holders, new data suggests that credit card defaults are exploding. What Chase thinks is a solution to the problem, is only making things worse. The credit card default rate soared passed 2008′s high to 4.75% of all accounts. Read more…
Investing
In an effort to quickly raise cash to finance their operations, many large banking and consumer lending institutions are pulling some strings to get a little extra cash out of their clientele. The results may look great on paper, at least initially, but the signs point to further problems down the line. Read more…
Stocks
