Thursday, November 26, 2015
Triggers In US Dollar Collapse / Currencies / US Dollar
By: Jim_Willie_CB
To be sure, groups of oil rags are accumulating in the Western financial basement. They await an incident to light them on fire to produce the grandest bonfire in modern history. Many incidents, events, and decisions created the current broken untenable wrecked set of conditions that together comprise the structural breakdown, upon which systemic failure is witnessed each day. The 1990 decade saw the creation of bank derivatives, which compensated for Western bank system insolvency. It was the dirty secret in backfire from a decade of outsourcing US industry to the Pacific Rim. The refusal by Greenspan to permit a recession early in the 2000 decade interrupted a normal housing correction, and initiated another credit stimulus. The result was the 2007 subprime mortgage crisis which will forever bear the Greenspan signature. The Lehman Brothers killjob was important to force the big Western banks to share the load, to tie (lash) themselves together, and to assure the systemic failure in an inexorable march to ruin. The LIBOR rate scandal confirmed that the London hive did not produce honey, but rather scum and dross.
Thursday, November 26, 2015
Apple Stock is a 10-Year Short - Bear Market Environment / Companies / Apple
By: EconMatters
Holiday Melt Up in Stocks
Apple and most stocks do routinely well during the 4th quarter, and especially the last couple of months of trading after earnings are out, and the fund managers are pushing everything up with the goal of making their trading numbers by year end window dressing. It is amazing more people don`t realize this phenomenon and just buy December expiration calls on the SPY after the usual selloffs that happen in the third quarter, and wait for the holiday rally where stocks routinely melt up at year end.
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Thursday, November 26, 2015
The Republican Party - Extremism & Democracy / ElectionOracle / US Presidential Election 2016
By: EconMatters
The Republican Party has been hijacked by the right wing Christian conservatives, the gun toting NRA extremists, the Tea Party extremists and the racially and culturally narrow-minded factions across the country. The party is a complete mess, it really has lost its way, and is destined to lose the Presidential Election to Hillary Clinton. The emergence of front runners in the Republican campaigning season of Donald Trump and Ben Carson speaks volumes regarding how far this party has lost its way.
Thursday, November 26, 2015
U.S. Federal Reserve Rate Hike / Interest-Rates / US Federal Reserve Bank
By: EconMatters
The Federal Reserve has been telegraphing to markets that they are going to raise the fed funds rate by 25 basis points next month at its December Fed Meeting. The financial markets think they are serious this time and have been pricing in this 25 basis point rate hike for the past 6 weeks. The real question is that since the Fed has told us that they are Data Dependent for the past 7 years regarding changes to monetary policy, what has really changed in the economic data for the positive? Why now of all times do they decide to raise rates? Are they raising rates for the right reasons? These are just some of our concerns as the Federal Reserve embarks upon their final FOMC Meeting on December 16th 2015. Read full article... Read full article...
Thursday, November 26, 2015
George Osborne's War on Buy to Let Sector Trending Towards Doomsday / Housing-Market / Buy to Let
By: Nadeem_Walayat
The clocks counting down to doomsday for Britain's buy to let sector as the latest announcement in a long list of measures such as the scrapping of mortgage interest tax relief are all aimed at whittling away the profits of buy to let landlords, and now a stamp duty tax hike is set to come in force from April 2016. That of an EXTRA 3% stamp duty tax charged on all additional owned properties i.e. all second homes that will hit buy to let sector investors when buying properties, a tax hike to raise an estimated £1 billion extra per year.
Wednesday, November 25, 2015
... / Politics / Syria
By: Nadeem_Walayat
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Wednesday, November 25, 2015
George Osborne’s Autumn Statement and Spending Review Full Text / Politics / UK Tax & Budget
By: Submissions
Mr Speaker, this Spending Review delivers on the commitment we made to the British people that we would put security first. To protect our economic security, by taking the difficult decisions to live within our means and bring down our debt. To protect our national security, by defending our country’s interests abroad and keeping our citizens safe at home. Economic and national security provide the foundations for everything we want to support. Opportunity for all. The aspirations of families. The strong country we want to build.
Wednesday, November 25, 2015
Gold Market Goes Quiet – Do We Hear The Echo Of The Bottom? / Commodities / Gold and Silver 2015
By: GoldCore
Demand for gold is soaring according to the World Gold council’s latest report. The report shows that overall worldwide demand for gold rose by a very significant 33% with the US, Europe, China and Russia all stocking up and pushing demand. Central bankers, lead by Russia, are stocking up aggressively.
With fundamentals like these, why are gold prices not soaring? Crowd psychology might be one reason. Sol Palha of Technical Investor explains.
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Wednesday, November 25, 2015
Will Fresh QE From ECB Boost Gold? / Commodities / Gold and Silver 2015
By: Bob_Kirtley
The threat of deflation in the Eurozone is an issue that continues to plague the ECB. The current easing measures have failed to drive inflation above 0.3%, which is far short of the 2% inflation target that the ECB is mandated to reach. This has led ECB President Mario Draghi to begin the discussion of further QE to stimulate prices in the region. Just last week Draghi commented that:
“We consider the APP [asset-purchase programme] to be a powerful and flexible instrument, as it can be adjusted in terms of size, composition or duration to achieve a more expansionary policy stance… We will do what we must to raise inflation as quickly as possible. That is what our price stability mandate requires of us.”
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Wednesday, November 25, 2015
George Osborne's 2015 Autumn Review will Exacerbate UK Housing Crisis - Video / Housing-Market / UK Housing
By: Mario_Innecco
Today I'm gonna be talking about the autumn spending review which is like a budgets temporary budget by the UK government. Chancellor Osborne will be making a statement today 12:30 London time the main focus be according to Bloomberg News at this stage you will be the housing market. George Osborne will say that there's a crisis housing prices in the UK in and there's a shortage of homes that he will be focusing on, he's expected to spend billion pounds extra into the into the help build new homes schemes because the reasoning behind his actions is that there's not enough and that's what we hear from from almost everyone in the mainstream media.
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Wednesday, November 25, 2015
Sheffield, Yorkshire and Humberside House Prices Forecast 2016-2018 / Housing-Market / Sheffield
By: Nadeem_Walayat
Sheffield is Britain's fifth largest city with an estimated current population of 575,000 that occupy's the south west quadrant of the county of South Yorkshire, part of the Yorkshire and Humber region. Sheffield given its central UK position, prominent rail and motorway links is a favourable destination for national and international migrants from nearby towns and further afield given its relatively affordable house prices, especially when compared against the South East.
Wednesday, November 25, 2015
Terrorism - Grinch that Stole Christmas / Politics / Shopping
By: BATR
The usual holiday cheer that underpins the throngs of shoppers may be missing this season. Political pundits are eager to blame potential terrorist risks as a compelling reason to avoid the crowds at malls, but knowing the sentiments of the consumer culture, it is difficult to accept that retail businesses will be empty. Nevertheless, will the economy incentivize the bargain hunters to brave the added security obstacles to storm the doors for the reward of super discount pricing?
Tuesday, November 24, 2015
Turkey NATO Member Shoots Down Russian Fighter Jet Over Syria; Putin Vows Revenge / Politics / Syria
By: John_Rubino
This is the kind of thing that happens when you put ten different armies, taking orders from at least ten different commanders, in the same theater.
Last night a Russian fighter was flying in and out of Turkish airspace and Turkey shot it down. Then local rebels (Syrian Turks) shot the pilots as they parachuted to the ground.
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Tuesday, November 24, 2015
How 4,000 Roman Coins Found Buried in Swiss Orchard Reinforce Gold Ownership Today / Commodities / Gold and Silver 2015
By: Michael_J_Kosares
“The coins’ excellent condition indicated that the owner systematically stashed them away shortly after they were made, the archaeologists said. For some reason that person had buried them shortly after 294 and never retrieved them. Some of the coins, made mainly of bronze but with a 5% silver content were buried in small leather pouches. The archaeologists said it was impossible to determine the original value of the money due to rampant inflation at the time, but said they would have been worth at least a year or two of wages.” – The Guardian/11-19-2015
Tuesday, November 24, 2015
You Can’t Eat Gold or a Debt Sandwich / Commodities / Gold and Silver 2015
By: DeviantInvestor
In one hand we hold gold, which is eternal, beautiful, and valuable everywhere.
In the other hand we are stuck with a debt sandwich. That sandwich is a massive slab of debt wedged between an impressive military war machine that spends money like water flowing over Niagara, and a huge welfare system that spends money even more rapidly. Included in the welfare system are Social Security pensions, Disability Income, Medicare, Medicaid, SNAP (food stamps), many more programs, and the salaries, bureaucracy and pensions to support them.
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Tuesday, November 24, 2015
Investors Watch Out For The Auto Industry… / Companies / US Auto's
By: Harry_Dent
If you’re looking into buying your dream car in the next few months – think twice!At the bottom of the stock crash in early 2009, I bought a dream car – a 2008 Maserati GranTurismo – at 22% off. I got the manufacturing margin and the dealer margin completely taken off. Six months earlier, I would’ve paid a slight premium. Instead, I got a discount.
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Tuesday, November 24, 2015
BEA Revises 3rd Quarter 2015 US GDP Economic Growth Upward to 2.07% / Economics / US Economy
By: CMI
In their second estimate of the US GDP for the third quarter of 2015, the Bureau of Economic Analysis (BEA) reported that the economy was growing at a +2.07% annualized rate, up +0.58% from their previous estimate -- but still down nearly 2% (-1.85%) from the second quarter.
Tuesday, November 24, 2015
Stock Market Supports Are Being Broken / Stock-Markets / Stock Markets 2015
By: Anthony_Cherniawski
SPX has clearly broken through its Short-term support at 2078.86 and is headed for the 200-day Moving Average at 2065.06.
ZeroHedge reports that the the third monthly decline as wages crash the most in 4 years. Consumer Confidence is now at 14-month lows, as well. In the meantime, the Pentagon shrugs over the Russian warplane shoot-down.
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Tuesday, November 24, 2015
Is Gold Price on the Verge of a Breakout? / Commodities / Gold and Silver 2015
By: Sol_Palha
Hasten slowly and ye shall soon arrive. -
MilarepaIn August, we came out and openly stated in an article titled the Gold bull is dead that it was not the time to buy Gold. At that time, many analysts were calling for a bottom and much higher prices. We stated that there was a high probability that Gold would move lower before bottoming out. Fast forward and that outlook has come to pass.
So let’s see what picture fundamentals paint.
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Tuesday, November 24, 2015
Volkswagen - The Ultimate Insult / Companies / US Auto's
By: Rodney_Johnson
Ten years ago an airline ran a television ad showing weary business travelers, asking the question: “Why do they do it?” Eventually one of the travelers looks up and says: “For the miles!”At the time, I was part of the bleary-eyed crowd of travelers. I racked up tons of miles, mostly on American Airlines, hopping from one speaking engagement to another, along with conferences and general business meetings.
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