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Why The Mania Is Getting Scary—-Central Bankers Are Running A Doomsday Machine

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Rhetrically If you need evidence that we are in the midst of a lunatic financial mania, just consider this summary from a Marketwatch commentator as to why markets are ripping higher this morning: “The dovish comments from both Fed Chairwoman Janet Yellen and People’s Bank of China Governor Zhou Xiaochuan are giving markets a big lift, and in…

Dallas After Midnight: Dallas Fed Manufacturing Outlook Near Lows After Recession Ended

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It is indeed “Dallas After Midnight.” Or at least “Dallas After WTI Prices Collapsed.” The Dallas Federal Reserve Manufacturing Outlook fell to -17.4 percent, near the low point since the recession allegedly ended in June 2009. Collapsing West Texas Intermediate Crude Oil prices may have something to do with it. And, of course, the stall […]