Black Friday Sales Tumble 13% On Thanksgiving Thursday Opening Scramble

Update: more data trickling in from the NRF, and since it is not pretty,  so expect much more blame to fall on the weather. U.S. consumers spent $57.4b over Black Friday weekend, down from last year’s $59.1b, National Retail Federation says Con… [...]

Is Janet Yellen Smarter Than Me?

Yellen`s Talking Points   During Janet Yellen`s Senate Banking Committee testimony to paraphrase she said that she doesn`t see a bubble in stock prices based upon some of the metrics they utilize at the Fed, and she mentioned that the rise in… [...]

A-Rod And Janet Yellen: What Valuation, Debt And The Fed Can Say About The Next Bear Market

Submitted by F.F. Wiley of Cyniconomics What Can Valuation, Debt and the Fed Tell Us about the Next Bear Market? We last wrote about stock valuation in August, when we looked at three types of P/E multiples and argued that stocks were more stretched t… [...]

E-Gold Founder Launches New Gold Backed Currency

Submitted by Mike Krieger of Liberty Blitzkrieg blog, It was only a matter of time before the success of Bitcoin led to a new attempt to create a digital currency backed by gold. It seems as if that day has now arrived. Douglas Jackson is the foun… [...]

Visualizing Abenomics – Japan’s Dangerous Experiment

The early effects of the reform program have triggered a surge in the Japanese stock market, accelerated by the anticipation of growth revival. So far, so good for the markets and traders. But how will Abenomics accommodate public debt of over 200% GDP… [...]

"Is This The Right Time To Get Into Gold?"

Today’s AM fix was USD 1,245.25, EUR 915.29 and GBP 763.07 per ounce.Yesterday’s AM fix was USD 1,241.75, EUR 913.12 and GBP 760.46 per ounce. Yesterday the markets were closed in the U.S. for the Thanksgiving national holiday.The closing fix in L… [...]

BofAML’s Top 10 Emerging Market Risks In 2014

While moderate recovery in growth and inflation is BofAML’s rates team’s base case, there are numerous risks to that forecast. The risk of tapering is already quite well known and they suspect it may not result in the significant market-moving event ma… [...]

Guest Post: The Fed Must Inflate

Submitted by Chris Martenson via The Ludwig von Mises Institute, The Fed is busy doing everything in its considerable power to get credit (that is, debt) growing again so that we can get back to what it considers to be “normal.” But the pro… [...]

Guest Post: Zombies Make Dangerous Neighbors

Submitted by Doug French via Casey Research, On March 16, 2009, the Financial Accounting Standards Board (FASB), a private-sector organization that establishes financial accounting and reporting standards in the US, turned the stock market around and … [...]

Howard Marks: "Markets Are Riskier Than At Any Time Since The Depths Of The 2008/9 Crisis"

In Feb 2007, Oaktree Capital's Howard Marks wrote 'The Race to the Bottom', providing a timely warning about the capital market behavior that ultimately led to the mortgage meltdown of 2007 and the crisis of 2008 as he worried about "c… [...]