Is Herbalife (NYSE:HLF) a Pyramid Scheme?

“[T]he organization is deemed a pyramid scheme if the participants obtain their monetary benefits primarily from recruitment rather than the sale of goods and services to consumers”. Peter J Vander Nat; William W Keep The legendary hedge fund manager Bill Ackman, founder of Pershing…

UK Economy Surpasses Pre-Crisis Peak in GDP

The UK economy grew by 0.8% in the second quarter, according to the preliminary estimate from the Office for National Statistics. This was in line with market expectations and marks the second consecutive quarter on quarter increase of 0.8%. Much of the headline news…

Weekly Market Recap: 28th July 2014

Market Recap Many of the major equity indices closed the week in positive territory, despite the brief sell-off on Friday. The decline in the German IFO Business Climate Index, for a third consecutive month, was blamed with the German DAX index and French CAC…

Weekly Market Recap: 21st July 2014

Market Recap Global equity markets finished the week marginally higher despite a deterioration in the geopolitical situation worldwide and mixed economic data. There was only a brief wobble in equity markets on Thursday following the news that a Malaysian Airlines plane was shot down…

Geopolitical Situation Worsens

The Malaysian Airlines tragedy has reminded everyone of the conflict in the Ukraine while the situation in the Middle East is a complete mess. Aside from the massive loss of life, the most concerning aspect from an economic and market perspective is that the…

China Meets GDP Target: Boosted by Stimulus and Credit Growth

I suppose it is no surprise really that the official release from China confirmed that GDP growth met market expectations, expanding at a slightly faster than expected rate of 7.5%. Market participants, and it would seem the Chinese hierarchy, are not willing to accept…

Janet Yellen: No Bubble, “In Aggregate”

On the central bank front, US Fed Chair Janet Yellen’s semi-annual monetary policy report to Congress offered few surprises in terms of the outlook for monetary policy. The overriding message is that the Fed will continue to support the recovery as “too many Americans…

Surprise Jump in UK Inflation

UK consumer price inflation rose to 1.9% in June, up from 1.5% in May and above the consensus forecast of 1.6%. Prices of clothing and food items were the key drivers behind the surprise increase, pushing inflation closer to the Bank of England’s 2%…

Luis Suarez to LFC Fans: ‘I love you but I am not in love with you’

With Germany (Bayern Munich) bringing an end to an exciting World Cup last night the countdown is on for the new Premier League season. Last week, Luis Suarez gave us Liverpool fans the classic ‘I love you but I am not in love with…

Weekly Market Recap: 14th July 2014

Market Recap Volatility crept back into global equity markets last week after shares in Banco Espirto Santo, one of Portugal’s largest banks, were halted following a sharp sell-off that spread to other markets. The issue relates to concern over the bank’s potential exposure to…

Enjoy this blog? Please spread the word :)