Posts Tagged ‘investing’

Fracking Is 100% Safe: T. Boone Pickens

T. Boone Pickens, the billionaire founder, chairman and CEO of hedge fund BP Capital, may be one of the most outspoken insiders in the energy industry. Never one to shy away from controversy, Pickens eagerly discussed “fracking,” Oklahoma earthquakes and his decision to get out of wind energy in an interview at the Milken Institute Global Conference 2013.

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April Jobs Stronger Than Expected but Recovery ‘Very, Very Slow,’ Says Prof. William Dickens

Employers added 165,000 to payrolls in April, pushing the unemployment rate down to 7.5% from 7.6% -- the lowest rate since December 2008. Economists had expected the rate would remain unchanged from March and payrolls would grow by 145,000

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Next 5 Months Are Critical For Budget Reform: Maya MacGuineas

Maya MacGuineas, president of the bipartisan Committee for a Responsible Federal Budget, a non-profit organization committed to analyzing and influencing fiscal policy, says the next five months are critical for budget reform. In an interview at the Milken Institute's 2013 Global Conference, MacGuineas argues that Washington needs to replace the sequester with a bigger debt deal – one that tackles the “real problem areas of the budget” such as health care, aging and an outdated tax code

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Former British PM Tony Blair: ‘It’s About Power, That’s The Rationale for Europe Today’

As was widely expected, the European Central Bank cut interest rates for the first time in close to a year from 0.75% to 0.50%. The rate cut was driven by an economy in recession, with unemployment hitting a record high in April and inflation dropping the most in more than four years

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Pimco’s El-Erian: Fed Is Artificially Inflating Asset Prices in “Most Unloved Market Rally”

Many market strategists credit the Federal Reserve with the rally that has pushed the Dow and the S&P 500 to record highs.

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CFTC Commissioner on #HackCrash: Beware of a Rise in Twitter Arbitrage

The Commodity Futures Trading Committee is currently holding a hearing on the market impact of the April 23 rd Twitter attack.

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Robert Shiller: Home Prices Will Remain Relatively Stagnant For Next 10 Years

More good news on the housing market.

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Niall Ferguson to Paul Krugman: You’re Still Wrong About Government Spending

Niall Ferguson has two words for Paul Krugman: you’re wrong. The Harvard University history professor and author of “Civilization: The West and the Rest” says Krugman’s pro-government spending thesis not only fails to address the core problems facing the U.S. and Europe today but also has dire consequences for individuals living in these economies.

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Fed-Assisted Growth Stuck at 2% “New Normal” Rates Through 2013

The Federal Reserve begins its two-day policy-making meeting today and not much news is expected, as has been the case ahead of many of the most recent meetings.

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CFTC Holds Twitter #HackCrash Hearing Tomorrow

It was one week ago this Tuesday that a hacked AP account tweeted, “Breaking: Two Explosions in the White House and Barack Obama is injured” to its 1.9 million followers. Moments later, the @AP twitter handle released a statement saying they had been hacked and that President Obama was fine, but the markets had already reacted. The Dow Jones Industrial Average plummeted 150 points and lost $136 billion in value before rebounding.

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