Submitted by Robert Romano via NetRightDaily.com,
Interest rates in Switzerland, Denmark, Sweden, the European Central Bank and now the Bank Japan have now plunged into negative territory, starting a new phase in the era of central banking that is very much uncharted.
Time will tell if it leaves the global economy lost at sea.
2015 was not a good year for job creation in Alberta.
In fact, the net 19,600 jobs the province shed marked the worst year for job losses since 1982.
Alberta is of course suffering from the dramatic collapse in oil prices, which look set to remain “lower for longer” in the face of a recalcitrant Saudi Arabia and an Iran which is hell bent on making up for lost time spent languishing under international sanctions.
Submitted by Lance Roberts via RealInvestmentAdvice.com,
Biggest Rallies Occur In Bear Markets
As expected, the market was oversold enough going into last Friday to elicit a short-term reflexive bounce. Not surprisingly, it wasn’t long before the “bulls” jumped back in proclaiming the correction was over.
If it were only that simple.
It was all too easy there eh? Never. Gets. Old...
The US Open and NYMEX Close were the triggers today...
Stocks did not go higher today confounding business TV anchors worldwide...
“Peer-to-peer lending is probably a bad idea,” we wrote, earlier this month. “Securitizing peer-to-peer loans is definitely a bad idea,” we added.
The P2P space has witnessed monumental growth over the past several years. P2P platforms lent over $12 billion in 2015 alone and as we documented last summer, Wall Street is supercharging the space by securitizing the loans.