No Red Futures On Black Friday

A hungover America slowly wakes up from a day of society-mandated consumption and purchasing excess to engage in even more Fed-mandated excess in the equity markets. The only difference is that while the “90%” was engaged in the former and depleting th… [...]

September Trade Balance Worse Than Worst Estimate; Trade Deficit With China Hits Record

Despite the great shale revolution, US exports posted a $0.4 billion decline to $188.9 billion in October driven by decreases in industrial supplies and materials ($1.3 billion), other goods ($0.2 billion), consumer goods ($0.2 billion), and capital go… [...]

Overnight Equity Levitation Interrupted On Strong Dollar, Weak Treasurys

Following a brief hiatus for the Veterans Day holiday, the spotlight will again shine on treasuries and emerging markets today. The theme of higher US yields and USD strength continue to play out in Asian trading. 10yr UST yields are drifting upwards, … [...]

Marc Faber Warns "Karl Marx Was Right"

Authored by Marc Faber, originally posted at The Daily Reckoning, I would like readers to consider carefully the fundamental difference between a “real economy” and a “financial economy.” In a real economy, the debt and equity markets as a perc… [...]

Futures Flat As FOMC Begins 2-Day NOctaper Meeting

For those curious what Bernanke’s market may do today, we flash back to yesterday’s AM summary as follows: “Just as it is easy being a weatherman in San Diego (“the weather will be… nice. Back to you”), so the same inductive analysis can be applied t… [...]

Guest Post: The Growing Rift With Saudi Arabia Threatens To Severely Damage The Petrodollar

Submitted by Michael Snyder of The Economic Collapse blog, The number one American export is U.S. dollars.  It is paper currency that is backed up by absolutely nothing, but the rest of the world has been using it to trade with one another and so … [...]

Why Do We Continue to Let Academics Dictate the Economy?

  The big news as far as the markets are concerned is the Government reopening and the debt ceiling being extended. The debt ceiling technically was hit last May but no one bother to discuss that in the media. Why let a potential good crisis go to… [...]

Stock Euphoria Persists Despite Obama Rejection Of Republican Proposal

Despite stock (not bond) euphoria yesterday that a DC debt ceiling deal was sealed leading to the second largest risk ramp of 2013, last night was spent diffusing the excitement as one after another politician talked back the success of a “non-deal” th… [...]

Ron Paul Redux: "The End Of Dollar Hegemony"

In a little-known 2006 speech (in the US, though widely known around the world), entitled "The End of Dollar Hegemony," Ron Paul discusses the breakdown of the Bretton Woods system – which most people know about – and the de-facto system that… [...]

Guest Post: Why Gold Will Soar On "Good" Economic News

Via Casey Research's Gold Report, The standard wisdom on gold is that it does well in times of economic bad news such as in the 1970s, a period of stagflation and recessions, when the yellow metal rose from $35/oz to peak at $850/oz in 1980. But t… [...]