Contrary to conventional wisdom, extremely low initial unemployment claims have an ominous track record. Since the initial unemployment claims data first set a record low in September 2013, I…
Lindsay Williams of South Africa’s Fine Business Radio and CNBC Africa chatted with me today about the Fed, the end of QE, and inflation.
Listen here or the player below.
No, this isn’t about liar loans. It’s about the liars in the financial “news” media who twist the facts to suit whatever their point happens to be that day. Here are the facts about bank lending in the US.
Lee Adler looks at the latest real time consumer price data for August, recent patterns in bank trading and investment accounts, and macro liquidity flows that suggest it’s still too soon to turn outright bearish. Subscribers may click here to open…
Lee Adler shows where the market is likely to top out and when that’s likely to happen, along with what to look for that would signal the crash that so many bears are expecting. Subscribers may click here to open or…
This is what happens when otherwise competent, diligent, and hard-nosed bureaucrats fail to read my website.
The Fed is being forced to end its bond-buying, cutting off the “free money for financiers” that has sustained a frothy stock market.While the Federal Reserve presents itself as free to do whatever it pleases whenever it pleases, the reality is the Fed…
Early openers crunching upwards: Kiwis +0.2%, Aussies +0.3%, Nikkei +0.2% and Sth Korea +0.6%.
Modest motion in Aussie sectors: Energy +0.9% down to Miners -0.5%.
falling wages should only be seen as a sign of improved U.S. manufacturing competitiveness only in the most shortsighted Darwinian sense. As I wrote in a post yesterday, unless Washington proposes to inundate the economy with another flood of bubble-era like super-cheap credit, or figures out a way to foster a wholly unprecedented jump in net exports, the U.S. economy will never be able to grow if worker wages keep stagnating or falling.
The $17 billion settlement reached today (Thursday) between the U.S. Department of Justice and the subprime mortgage meltdown progenitor, Bank of America Corp. (NYSE: BAC), is the largest penalty of its kind in U.S. history.
But it’s still not enough.
Today’s gold prices fell to levels not seen since mid-June.