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While little is expected from Janet Yellen's speech today with regard market-moving news, the topic shooul be good for a laugh..."The Elusive 'Great' Recovery."
    'Mixed' Results for Retail Sales Aren't Really Mixed
Oct 14, 2016 - 10:35:21 PDT
No matter how many years have already passed, and what has been done to remedy this situation, because of money the trend still remains as stubborn (and dangerous) as ever.
    Fire In The Hole! Atlanta Fed Downgrades Q3 GDP To 1.9%
Oct 14, 2016 - 10:33:27 PDT
The Atlanta Fed has just downgraded Q3 US GDP growth to under 2% at 1.9%. The evolution of Q3 GDP is in the following chart. There is considerable concern for the US economy, as illustrated by the lowly Cleveland Browns  losing 3 quarterbacks in 4 weeks and having to play journeyman QB Charlie Whitehurst (aka,…
    Watch the Banking Index ($BKX) ...
Oct 14, 2016 - 10:29:36 PDT
The not so good indicators are the Accelerator which is weakening and the Timing indicator which is positive buy showing a discernible drop
Stocks in Europe: ALL IN THE RED   Offshore yuan trades  6.7362 yuan to the dollar vs 6.7275 for onshore yuan.THE SPREAD BETWEEN ONSHORE AND OFFSHORE WIDENS QUITE BIT  AS […]
    Developed World Economy Stagnating - Alan Greenspan
Oct 14, 2016 - 08:06:50 PDT
Greenspan say's he's Worried about 1970s style 'stagflation Alan Greenspan, Former Fed Chair talks to CNBC's Sara Eisen about how he's still concerned about the Brexit spillover and how it is too soon to determine the impact of Brexit.
    The Fed Is Doing Everything Wrong: Peter Boockvar
Oct 14, 2016 - 08:05:10 PDT
The Lindsey Group's Peter Boockvar explains how the Fed has painted itself into a corner leading up to the final rate decision of 2016.
In a letter to Obama, Sen. Elizabeth Warren pressed her call for the SEC to develop a political spending disclosure rule.
    An Eerie Echo In The S&P 500
Oct 14, 2016 - 07:59:35 PDT
Citi's Tom Fitzpatrick & his team overlaid the current chart of the benchmark S&P 500 with the index in 1987 - right before the crash - they got "the chills."
    Here's How Much Further Stocks Could Slide
Oct 14, 2016 - 07:55:31 PDT
With stocks sliding Thursday, one trader says more pain is ahead for the S&P 500
Puerto Rico Governor Alejandro Garcia Padilla said the commonwealth faces a 10-year cumulative deficit of as much as $59 billion if the island loses its current level of federal support for health care and local tax credits.
You can't make this stuff up. (Bloomberg) - The European Central Bank is starting to price itself out of the corporate-bond market as yields plumb such lows that some notes are no longer eligible for its purchase program. ECB President Mario Draghi’s unprecedented buying of corporate debt has sent borrowing costs tumbling to a record…
If 10,000 job losses were ultimately to follow the 9,000 announced by management in October 2015, roughly one in five of the bank's workforce around the globe would be affected.
This was not supposed to happen. Stock at record highs, 'low' gas prices, rate hikes looming must mean the economy is doing well, Obama and Clinton saying everything is awesome... So WTF is this!!
According to Sprott's Rick Rule, in 2017, the catalyst for bullion going higher is this:
    Jim Grant: The Ultimate Gold Bug
Oct 14, 2016 - 05:31:19 PDT
Ron Paul and Jim Grant discuss the bankers' war on the rest of us.
Following in the footsteps of the United States, the OECD has a new global FATCA ready for implementation as soon as 2017.
Those people that have any doubts about where the narrative is headed for global economic stability simply have not been paying attention lately.
In his daily commentary, Art Cashin revisits Germany's hyperinflation nightmare.
Ray Dalio - a vocal proponent of QE4 and certainly against any form of monetary tightening - has been about as doom and gloomy as we have ever heard the head of the world's biggest hedge fund.