The advance number for third quarter GDP came in at 3.5%, surprising the Wall Street conomists, whose consensus guesspectation was 3%. It should not have been a “surprise.” The US Treasury reports…
I told CNBC Africa’s Lindsay Williams on his nightly business radio program why volatility is here to stay but doesn’t necessarily spell a bear market for the US, yet. The program was recorded on Monday morning, October 27. You can listen or download here or use the player below.
Lee Adler pulls back the paper curtain of Wall Street propaganda on the really big news of the day that the media ignores, and a couple of charts that suggest potential trouble ahead for the markets, but still more central…
Mr Hanky, who posts on Capitalstool.com, wondered today whether strength in the Homebuilder Index portended…
Just about everyone knows Alan Greenspan. As central bankers go, he may just be the most famous ever. Even today, 1 in 6 Americans still think he’s the current chair of the Federal Reserve. As Fed chief from 1987 until 2006, Greenspan oversaw the latter part of the greatest stock bull in history. For that, some […]
“Punishment Interest” it’s lovingly called in Germany, as the ECB intends to flog savers until their mood improves.
Early openers mostly rising: Kiwis +0.4%, Aussies +0.5%, Nikkei +0.6% and Sth Korea -0.5%.
In Aussie sectors, Consumer Staples +1.1% down to Gold -2.2%.
Let be honest here. Why are mortgage purchase applications near 21st century lows with rates near 4% and homeownership rates at a 19 year low, a number which is artificially high because it includes delinquent homeowners. There are still 3 million loans in delinquency which means we will have a lot more future renters coming on-line.
QE has finally come to an end, but public comprehension of the immense fraud it embodied has not even started. In round terms, this official counterfeiting spree amounted to $3.5 trillion— reflecting the difference between the Fed’s approximate $900 billion balance sheet when its “extraordinary policies” incepted at the time of the Lehman crisis and its $4.4 trillion of footings today. That’s a lot…
Globalization continually creates imbalances that fuel a perpetual instability that gradually impoverishes every sector other than global capital.
Early openers continuing their run: Kiwis +0.5%, Aussies +0.2%, Nikkei +1.4% and Sth Korea +0.9%.
In Aussie sectors, Miners/Gold +1.7%, Materials +1.5% with Financials -0.9% the only down sector.