Posts Tagged ‘salaries’

UK Roundup: Average Salaries Drop; IMF Downgrades Forecast; Pension Plans Forced to Address Liabilities; Home Prices Drop

UK Roundup: Average Salaries Drop; IMF Downgrades Forecast; Pension Plans Forced to Address Liabilities; Home Prices Drop

Courtesy of Mish

Things look pretty grim for the UK judging from a series of articles by the Daily Mail. Let’s take a look.

Average Salaries Drop

Workers pay the penalty for recession as average annual salary drops £2,600 in just SIX months

The average annual salary has dropped by more than £2,600 in the last six months, it emerged today.

New figures reveal employers are still exercising caution, with wages falling across the board from £28,207 to £25,543 – a difference of £2,664.

Salaries in the financial sector appear to have suffered the most – those offered at the point of entry have dropped by almost £12,000.

The figures show that where young bankers could have expected to start on £52,174.43 six months ago, they will probably earn closer to £30,127.60 now.

Will wage deflation morph into outright deflation? Why not?

Property Prices Drop

House prices fall for third month in a row – but Bank keeps rates on hold… again

Property prices fell for the third month in a row during June as the housing market recovery showed further signs of faltering.

The average cost of a home dropped by 0.6 per cent during the month, following a 0.5 per cent slide in May and a 0.1 per cent decline in April, according to Halifax.

The figures, which follow a raft of recent gloomy data on the housing market, will further stoke speculation that the house price recovery is running out of steam.

This is not even a start of what is going to happen. Canada, Australia, the UK, and China all have property bubbles that are about to burst wide open.

New Pension Rules

Brussels threatens final salary pension as EU plans to force firms to cover liabilities

Final salary pension schemes in the private sector could be wiped out by controversial rules drawn up by Europe.

Under new proposals published yesterday, firms will be forced to plough even more money into schemes to cover future liabilities.

They will also have to invest more in the ultra-safe bonds and gilts markets, rather than shares and equities, which carry a greater risk but can give a better return.

The collapse of final salary pension schemes in the last decade has been partly due to the British


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Zero Hedge

Treasury Yields Are Tumbling Back To Record Lows

Courtesy of ZeroHedge View original post here.

Yesterday's brief interruption in the demise of yield (driven by rate-locks due to the massive Alphabet issuance), has ended with Treasury yields erasing the entire move and then some.

Source: Bloomberg

Aside from the flash-crash spike lows on March 9th, this is the lowest 10Y yields have been ever...

Source: Bloomberg

And st...



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The Technical Traders

Watch Chris Talk Corporate Earnings on Yahoo! Finance

Courtesy of Technical Traders

Out of the 312 companies in the S&P 500 that have reported earnings so far for the second quarter, 82.1% reported above analyst expectations, according to data from Refinitiv. Founder and Chief Market Strategist of “The Technical Traders.com” Chris Vermeulen joins Yahoo Finance’s Akiko Fujita to discuss.

Learn more about our latest research and alerts on Gold, Silver, Oil, and Equities at www.TheTechnicalTraders.com.

...

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Phil's Favorites

Momentum Monday - Digital Dominance...This Week Semiconductors and 5G

 

Momentum Monday – Digital Dominance…This Week Semiconductors and 5G

Courtesy of Howard Lindzon

Good Monday morning everyone.

As always here is this weeks Momentum Monday from Ivanhoff and I.

I walk through the Apple explosion to new highs and what that means for my stops and area where I would get defensive.

Google is the weakest of the FAANG stocks.

I shared some fresh ideas with Ivanhoff in the software and 5G sector which include $ESTC $SWKS $QRVO and $QCOM.

I hope you enjoy it.

I also wanted...



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Biotech/COVID-19

There aren't enough batteries to electrify all cars - focus on trucks and buses instead

 

There aren't enough batteries to electrify all cars — focus on trucks and buses instead

Garbage trucks, buses and the van that delivers your Amazon purchases are all prime candidates for electrification. (Shutterstock)

Courtesy of Cameron Roberts, Carleton University

We need to change our transportation system, and we need to do it quickly.

Road transportation is a major consumer of fossil fuels, contributing 16 per cent of all human-caused greenhouse gas emissions, which warm up the Earth’s atmosphere and cause changes to the climate. It also ...



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ValueWalk

SEC's Pathetic Agreement With Bausch Health Companies

By Jacob Wolinsky. Originally published at ValueWalk.

Whitney Tilson’s email to investors discussing SEC’s pathetic agreement with Bausch Health Companies Inc (NYSE:BHC) (formerly Valeant); Insys documentary; Opioids, Bribery, and Wall Street; Novartis bribery settlement; Kodak.

Q2 2020 hedge fund letters, conferences and more

SEC's Pathetic Agreement With Bausch Health Companies

1) On Friday, the U.S. Securities and Exchange Commission ("SEC") announced a totally pathetic ...



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Kimble Charting Solutions

Here's How To Buy The Top Stocks In The Hottest Sectors During The Covid Crisis

Courtesy of Chris Kimble

Tech has been the place to be during the Covid-19 crisis. Investors Business Daily recently highlighted how one can own the strongest of the strong by just owning one ETF (See article here).

This chart looks at the Dorsey Wright Focus Five index ETF (FV), which reflects that it is attempting a bullish breakout while creating higher lows over the past 6-years.

The $2.1 billion fund tracks the Dorsey Wright Focus Five Index, which provides access to five First Trust sector and industry ETFs. Dorsey Wright & Associates selects the funds based on relative price momentum, then weights the compone...



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Digital Currencies

Twitter Says "Human Error" And "Spear-Phishing Attack" Responsible For Massive Bitcoin Hack

Courtesy of ZeroHedge

Twitter suffered from a major hack about two weeks ago and has now said that its staff was tricked by "spear-phishing", which is a targeted attack to trick people into simply handing out their passwords. 

Twitter staff were targeted through their phones, according to a new report from the BBC. The attacks then allowed hackers the ability to Tweet from celebrity Twitter accounts. Twitter has said it was "taking a hard look" at how it could improve its permissions and processes.

"The attack on July 15, 2020, targeted a small number of employees through a phone spear phishing attack. This attack relied on ...



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Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...



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Chart School

US Dollar Cycle Review

Courtesy of Read the Ticker

If investors can correctly forecast the US Dollar then their portfolio will be standing on better ground.

Jesse Livermore said investors must familiarise themselves with all matters of the market. The sine wave cycle below shows regular tops and bottoms and if the investor ignores this repeating phenomena it could be at their peril. If you decide to do so, you best have a good technical or fundamental reason.

The sine wave cycle below was found with readtheticker.com 'Cycle Finder Spectrum' use of 'Bartels' logic. Yes it is mathematics, but within the site RTT Plus service we also examine the dollar fundamentals  (like: inflation, money s...

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Members' Corner

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

 

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

No matter the details of the plot, conspiracy theories follow common patterns of thought. Ranta Images/iStock/Getty Images Plus

Courtesy of John Cook, George Mason University; Sander van der Linden, University of Cambridge; Stephan Lewandowsky...



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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

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Promotions

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Feb. 26, 1pm EST

Click HERE to join the PSW weekly webinar at 1 pm EST.

Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

This week, we also have a special presentation from Mike Anton of TradeExchange.com. It's a new service that we're excited to be a part of! 

Mike will show off the TradeExchange's new platform which you can try for free.  

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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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