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In This Issue

  • Agriculture and Mining - Important U.P. Industries
  • 100th Anniversary - Greenstone Farm Service Credit Company
  • Progress Update on the Back Fourty Project from Aquila Resources
  • Economic Impact of the Closing of the Empire Mine

Latest Articles in Economy

A Brutal Week for Dollar, Is 100 Next for USD/JPY?
Daily FX Market Roundup 07.29.16 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management This past week was a brutal one for the U.S. dollar.The greenback traded lower against all of the major currencies with particularly stinging losses experienced against the Japanese Yen and New Zealand dollars.

BOJ Doubling Down On Stocks Is Big For All Stock Markets
The Bank of Japan acted last night, but it wasn't the bazooka-type response markets were hoping for.  But it may be the response stock investors were hoping for.  The yen denominated Nikkei actually finished UP on the day.  And German and U.S. stocks have fared well too. As we've said, in this environment, what's

Will BoJ Start Global Disarmament Of Central Banks?
Marshall Gittler, Head of Investment research, The Bank of Japan (BoJ) Friday passed up the chance to increase its monetary stimulus, as many market observers had expected, and instead just tinkered around the edges with some token adjustments. Not only that, but it also called for a review of the

Good News Hidden In Bad GDP Read
This morning’s disappointing GDP read contained some mixed signals, and in some ways could be seen as a positive, at least for certain sectors. It was weakness in business investment and spending that resulted in the low growth number (1.2 percent versus expectations of 2.6 percent), but that was in part offset by

BGC Partners: 7% Yield Plus Severe Undervaluation Equal 57% Upside
By Nat Stewart Before we get started on BGCP ( BGCP ), I wanted to provide an update on our view of RMR Group Inc., a stock I wrote about in an article published at Seeking Alpha on January

BGC Partners: 7% Yield Plus Severe Undervaluation Equals 57% Upside
By Nat Stewart Before we get started on BGC Partners ( BGCP ), I wanted to provide an update on our view of RMR Group Inc. ( RMR ), a stock I wrote about in an article published at

Greenspan 'Nervous' Bond Prices Too High As Treasurys Sell Off
(Bloomberg) — Alan Greenspan is worried bond prices have risen too high. “We get very nervous when the stock price index goes to high P/E, we ought to be somewhat nervous when the bond rate does the same,” the former Fed chairman said in an interview Thursday with Bloomberg Television. Some bond market metrics

Lackluster Second Quarter GDP Results
Second quarter Gross Domestic Product (GDP) results were released before Friday's market open, and the results were, by any measure, quite lackluster 1.2% growth was recorded in the first read of Q2 GDP. This is only half of what

Is the Economy Really Growing at 1.2%
Headline second quarter advance GDP estimate is 1.2 %, up from last quarter's downward revised 0.8 %. Yet the year-over-year GDP growth declined from 1.6 % to 1.2 %. The advance estimate of second quarter 2016 Real Gross Domestic Product (GDP) is a positive 1.2 %. This is a moderate improvement from the

BoJ Fails To Deliver; USD/JPY Takes A Hit
Market Drivers July 29, 2016 BOJ program fails to impress Cable drops on EOM EURGBP demand Nikkei -0.69 Dax 0.05% Oil $42/bbl Gold $1349/oz. Europe and Asia : AUD PPI 0.1% vs. -0.2% EUR GE Retail Sales -0.1% vs. 0.0% GBP UK Mortgage Approvals 64.8K vs. 65.4K EUR EZ CPI 0.2% vs. 0.3% North America : USD GDP