The Swiss Release the Kraken!
by John Mauldin, Thoughts from the Frontline
'Below the thunders of the upper deep,
Far far beneath in the abysmal sea,
His ancient, dreamless, uninvaded sleep
The Kraken sleepeth: faintest sunlights flee dot-dot-dot .
'There hath he lain for ages, and will lie
Battening upon huge sea-worms in his sleep,
Until the latter fire shall heat the deep;
Then once by man and angels to be seen,
In roaring he shall rise and on the surface die.'- Alfred, Lord Tennyson, 'The Kraken'
What We Read Today 26 January 2015
Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.
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Market Commentary: Markets close mixed, Large Caps Flat, Small Caps Mostly Up Fractionally
Written by Gary
Closing Market Commentary For 01-26-2015
Relatively quiet day with some volatility during the morning session, but not enough for most day traders.
By 4 pm the large caps ended higher after trading sideways while the small caps wandered in fractional upwards direction, but not enough to establish a trend for the coming sessions.
Epoch Of Belief, Epoch Of Incredulity (2) - "Role Reversals"
Written by Adam Whitehead, KeySignals.com
Epoch of Belief, Epoch of Incredulity (1) "Beginning the End" suggested a reversal of fortune for the US economy and the US Dollar would get underway in the New Year.
Market Commentary: Markets Trend Upwards, Greece Being Ignored, Volume Falling, DOW Flat
Written by Gary
Midday Market Commentary For 01-26-2015
Greece has largely been ignored as markets trend upwards on falling volume. Morning losses have largely been erased as WTI oil creeps back up, but that is expected to be short lived.
By noon the averages were mixed with the large caps mostly flat and the small caps in somewhat green territory. The closing bell may show the averages in the green, but obvious EU weakness may influence investors by the end of today's session. A cautious approach is warranted.
Misconceptions About Germs And Hygiene
A weekly show where we debunk common misconceptions. This week, Elliott discusses some misconceptions about germs and hygiene.
January 2015 Texas Manufacturing Survey Rate of Growth Plunges
Of the four Federal Reserve districts which have released their January manufacturing surveys - all are forecasting growth. A complete summary follows.
Market Commentary: Markets Open Down, WTI Oil Testing Resistance And Volume is Falling
Written by Gary
Opening Market Commentary For 01-26-2015
Premarkets were down -0.2% and rose to the unchanged line after OPEC's general secretary Abdalla El-Badri said oil prices could reach $200 a barrel if there's a lack of investment following this price slump. Just before the opening WTI oil started to fall again bringing the futures with it.
Markets opened down as expected, but with some very heavy red volume pushing equities down -0.4% in the first few minutes.
By 10 am the averages were down and mostly trading sideways while WTI oil was testing its resistance - more to come.
A Word from This Newsletter's Sponsor for 26 January 2015
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ECB and EU LTRO and QE for Dummies
Special Report from Money Morning and Wall Street Insights & Indictments:
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by Shah Gilani, Money Morning
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Fixing the Hole in the Heart of Corporate Capitalism
by Jeroen Veldman, The Conversation
Modern capitalism has a massive structural flaw in one of the cornerstones of its existence. The corporations which form the predominant business structure and which are the main instrument for dividing wealth have been operating on a false premise.
Super Bowl Ad Prices Doubled Since 2003
by Felix Richter, Statista.com
When Super Bowl XLIX kicks off on February 1, the NFL championship won't be the only title that's on the line.
Stratfor: Red Alert Update - At the Heart of the Mariupol Crisis
from STRATFOR
As the situation on the ground quiets down in the wake of the Jan. 24 barrage by Russian-allied forces near the Ukrainian city of Mariupol, Stratfor is continuing the watch initiated by our Red Alert. We believe, at the very least, that Russia is keeping its option to mount an offensive open, and at most, is preparing to launch an offensive to secure its hold on the Crimean Peninsula.
Infographic Of The Day: Britain's Most Distrusted Professionals
A 'Trust in Professionals' study identified Britain's least trusted professions.
Syriza Wins Greek Election
Econintersect: As expected based on strengthening opinion polling in recent days, former Communist youth member Alexis Tsipras will be the next Prime Minister of Greece. The 41-year old charismatic leader of the leftist Syriza party will replace outgoing Prime Minister Antonis Samaras whose conservative New Democracy Party lost the election by a margin about 8% (36% to 28%). With 60% of the vote counted Syriza appears to be winning about 149 seats in the Greek parliament, two short of an absolute majority in the 300 member body.
Insider Trading 23 January 2015: Opko Health, Delta Airlines Buying
by Asif Suria
Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week went up to 57. In other words, insiders sold 57 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 12.98.
De Grauwe on ECB QE - Since When are We all Monetarist?
by Dirk Ehnts, Econoblog101
Paul DeGrauwe has an article on FreeExchange, which is hosted by The Economist:
Since Milton Friedman we have all become monetarists. In order to raise inflation it will be necessary to increase the growth rate of the money stock. This requires that the ECB increase the money base. And to achieve the latter there is only one practical instrument, ie, an open-market purchase of government bonds. There is no other way to raise inflation than through an increase in the money base and a bond-buying programme is the time-tested way to achieve this.
Obama Wants You to Have Cheap, Fast Internet, But Many Cities Aren't Allowed to Provide It
Special Report from ProPublica
by Leticia Miranda , ProPublica
Last week during the State of the Union address, President Obama pledged :
"To protect a free and open Internet, extend its reach to every classroom, and every community, and help folks build the fastest networks."
Obama is calling on the Federal Communications Commission to challenge a wave of state laws blocking the construction of municipal broadband networks, which are high-speed Internet services run by local communities.
Chimps and Gorillas Desperately Need Ebola Vaccine Too - Virus has Wiped Out a Third of Them
by Meera Inglis, The Conversation
There is a side to the Ebola crisis that, perhaps understandably, has received little media attention: the threat it poses to our nearest cousins, the great apes of Africa. At this moment in time Ebola is the single greatest threat to the survival of gorillas and chimpanzees.
