"We Are Playing Economic Russian Roulette"

Submitted by Brandon Smith of Alt-Market blog, By any reasonable measure, I think it is safe to say that the last quarter of 2013 has been an insane game of economic Russian Roulette.  Even more unsettling is the fact that most of the American pop… [...]

Consumer Confidence Misses (Again), Tumbles To Lowest In 7 Months

No matter what measure of confidence, sentiment, or animal spirits one uses, the consumer is not encouraged by the record-er and record-er highs in the US equity market. The Conference Board's consumer confidence data missed for the 2nd month in a … [...]

Developments Cast Pall Over Dollar

The near-term fundamental considerations for the dollar have turned more negative.  Two developments last week that had bolstered the dollar are being rethought.     First, the Bloomberg report that cited to unidentified people close to … [...]

U.S. To Reach Real Debt Limit in March (or June) 2014

By EconMatters It was just last month that U.S. lawmakers brokered a deal suspending the debt ceiling through February 7 to end the government shutdown, and the Treasury Department could continue borrowing.  After February 7, Treasury wi… [...]

BoE Survey Shows Growing Fears Of House Price Crash

Today’s AM fix was USD 1,271.50, EUR 939.69 and GBP 787.11 per ounce.Yesterday’s AM fix was USD 1,272.25, EUR 942.13 and GBP 790.12 per ounce. Gold fell $0.30 or 0.02% yesterday, closing at $1,273.40/oz. Silver slipped $0.09 or 0.44% closing at $20… [...]

BoE Survey Shows Growing Fears Of House Price Crash

Today’s AM fix was USD 1,271.50, EUR 939.69 and GBP 787.11 per ounce.Yesterday’s AM fix was USD 1,272.25, EUR 942.13 and GBP 790.12 per ounce. Gold fell $0.30 or 0.02% yesterday, closing at $1,273.40/oz. Silver slipped $0.09 or 0.44% closing at $20… [...]

Frontrunning: November 20

JPMorgan $13 Billion Mortgage Deal Seen as Lawsuit Shield (BBG) J.P. Morgan Is Haunted by a 2006 Decision on Mortgages (WSJ) World powers, Iran in new attempt to reach nuclear deal (Reuters) Keystone Foes Seek to Thwart Oil Sands Exports by Rail (BBG)… [...]

Second Try At 16000, 1800 And 4000… Just Keep Icahn Away From Twitter

It is time for the centrally-planned markets to “try” for the round number trifecta of 16000, 1800 and 4000 again, although it may be a tad more difficult on a day in which there is no double POMO and just $2.75-$3.50 billion will be injected by the NY… [...]

“$8.5 TRILLION In Taxpayer Money Doled Out By Congress To The Pentagon Since 1996 … Has NEVER Been Accounted For”

We’ve repeatedly documented that military waste and fraud are the core problems with the U.S. economy. For example, we’ve noted that we wouldn’t be in this crisis of hitting the debt ceiling in the first place if we hadn’t spent… [...]

Today’s Only Numbers That Matter: 1800, 16000 And 4000

The only numbers that matter today are 16000, 4000 and 1800: those are the Fed’s closing targets for the Dow Jones, the Nasdaq and the S&P. Following last night’s Chinese euphoria which saw the Shanghai Composite surge by 2.87%, or up 61.4 to just … [...]