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… [...]

Yen Carry Lifts Risk Around The Globe In Quiet Overnight Trade

In a carry-trade driven world in which news and fundamentals no longer matter, the only relevant “variable” is whether the JPY is down (check) and the EUR is up (check) which always results in green equities around the globe and green futures in the US… [...]

Key Events And Issues In The Holiday-Shortened Week

Looking ahead at the week ahead, data watchers will be kept fairly occupied before Thanksgiving. Starting with today, we will see US pending home sales with the Treasury also conducting the first of 3 bond auctions this week starting with a $32 billion… [...]

Goldman’s Global Leading Indicator Collapses Into Slowdown

The best silver lining Goldman Sachs found when faced with the total and utter collapse in their global leading indicator swirlogram was – (probably) stabilizing. The only improving factor across all their global economic components was the US initial … [...]

House Democrat On Obamacare "I Don’t Know How Obama Fucked This Up So Badly"

For five years, congressional Democrats have sprung to his defense when Obama’s been in trouble. Now though, amid the dismal reality of Obamacare, Politico reports a familiar refrain from Democratic sources: Obama’s “if-you-like-it-you-can-keep-it” pro… [...]

"World’s Strongest Cyclone Ever" Slams Philippines With 200 MPH Winds

If last year it was the East Coast’s turn to suffer a freak super storm, this year it is the already battered Philippines, which suffered a 7.2 magnitude earthquake last month, turn as Super Typhoon Haiyan, the equivalent of a Category 5 hurricane, sla… [...]

All The Overnight Action Ahead Of Today’s Nonfarm Payroll (Non) Typhoon

While today’s big event is the October Non-farm payrolls print, which with consensus having at 120K and unemployment rising from 7.2% to 7.3%, will be more of a drizzle than a typhoon, there was a spate of events overnight worth noting, starting with C… [...]

Why Is An Epidemic Of Thievery Sweeping America?

Submitted by Michael Snyder of The Economic Collapse blog, Desperate people do desperate things, and it appears that Americans are rapidly becoming a lot more desperate.  An epidemic of thievery is sweeping across America, and authorities are not … [...]

Key Events And Issues In The Coming Week

Looking ahead, Thursday will be a busy day with the ECB (plus Draghi’s press conference) and BoE meetings. Some are expecting the ECB to cut rates as early at this week although most believe the rate cut will not happen until December. Draghi will li… [...]

Today, America’s Foodstamps Program Gets A 6% Haircut: What Happens Next?

Today, one of America’s best-known welfare programs with 47.6 million participants or 15% of the total population, the Supplemental Nutrition Assistance Program also known as “foodstamps” or EBT, is due for a substantial haircut: beginning Friday, ther… [...]