zerohedge.com / by Tyler Durden on 10/23/2014 10:10
Remember Europe’s “austerity”, or rather as we dubbed it, fauxterity?
Of course, how could you forget: after all everything that is wrong with Europe is blamed not on government corruption and the complete lack of reform, enabled so gloriously by Goldman’s custodian of Europe’s money printer [...]
zerohedge.com / by Tyler Durden on 10/23/2014 09:54
But the world has been printing such great PMIs? And the US is the new engine of global growth? So how did US Manufacturing PMI just print 56.2, 3 month lows, and its biggest miss since August 2013? Following China and Europe’s lead, US is latest PMI [...]
zerohedge.com / by Tyler Durden / 10/23/2014 06:59 -0400
Perhaps the most interesting question from late yesterday is just how did the Chinese PMI rebound from 50.4 to 50.2, when the bulk of its most important forward-looking components, New Orders, Output, New Export Orders…
… posted a material deterioration? When asked, not even [...]
mauldineconomics.com / by John Mauldin / OCTOBER 22, 2014
International Monetary Fund chief Christine Lagarde says the global economy is facing “the risk of a new mediocre, where growth is low and uneven.”… Lagarde said Europe’s 18-nation bloc that uses the euro currency – collectively the world’s biggest economy – is facing the “not insignificant” [...]
tfmetalsreport.com / By Turd Ferguson / October 22, 2014
There was another great discussion last night between Professor Cohen and John Batchelor. Just because the Ukraine Crisis is not currently the lead global story does NOT mean it has gone away. And with the onset of winter, you’d better still be paying attention to [...]
zerohedge.com / by Tyler Durden on 10/22/2014 11:45
While we understand that following the biggest market rout in years, it was all up to the central bankers to do everything in their power to restore confidence in the market’s upward trajectory in a time when there are only 2 POMOs left under the Fed’s soon [...]
21stcenturywire.com / OCTOBER 21, 2014
21st Century Wire says…
This story should raise some important questions about organised crime’s influence on our judicial and economic systems – in times of crisis.
A recent money laundering investigation by a British Newspaper, The Independent (see story below), reveals a complex accounting and legal shell game of British-based [...]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / October 21, 2014
Here’s an interesting video from the recent James Grant Conference. The title of this year’s conference is Investing Opportunistically, Separating the Beta from the Alpha.
The first five minutes are introductions and attendee notes you may wish to skip over. The opening speech was by [...]
kingworldnews.com / October 21, 2014
In spite today’s bounce, today a 50-year market veteran included a guest commentary which illustrates just how horrific things really are in the U.S., Europe and Japan.
By Art Cashin Director of Floor Operations at UBS
October 21 (King World News) – “On this day in 1879, [...]
trueeconomics.blogspot.com / by Dr. Constantin Gurdgiev / October 21, 2014
Over recent days there have been plenty of statements about the winter supplies of Russian gas to Europe. Majority of these fall to one side of the argument, alleging that Russia is likely to cut off gas shipments to Europe via Ukraine.
Here are [...]
zerohedge.com / by Tyler Durden / 10/21/2014 08:33 -0400
…And don’t do it again!
Having confirmed that RBS, UBS, JPMorgan,,and Credit Suisse operated a cartell to manipulate bid-ask spreads of Swiss Franc libor, the European Commission has unleashed unmerciless vengeance on these law-breaking institutions:
JPMorgan fined EUR 72.2 Million, UBS fined EUR 12.7 Million, Credit [...]
yanisvaroufakis.eu / By yanisv / Oct 20, 2014
The spectre of Greek contagion seems to be returning to the Eurozone. At least this is the fear that I sense by talking to financial journalists across Europe. In this interview with Jorge Nascimento Rodrigues (for EXPRESSO) I argue that: “The Euro Crisis never went away. What [...]
zerohedge.com / by Tyler Durden on 10/20/2014 13:10
Via Gavekal Capital blog,
Even as stock prices have corrected in recent weeks with only 36% of stocks having positive performance over the last 200 days and the average stock 19% from its one year high, we are reminded that stock valuations are still stretched pretty [...]
jonrappoport.wordpress.com / By Jon Rappoport / October 19, 2014
As I’ve demonstrated in several articles, the diagnostic tests for Ebola are unreliable and useless.
What does this mean?
It means that, for any patient labeled “Ebola,” there is no verification. No confirmation. None. Zero.
Asserting the patient “has Ebola” is meaningless, because there is no [...]
trueeconomics.blogspot.com / by Dr. Constantin Gurdgiev / October 19, 2014
A chart of the week, courtesy of @Schuldensuehner
10 year benchmark bonds: Japan for 1987-2004 period of decline and stagnation and Germany for 2004-present period of decline and … oh, well… Japanisation of Europe is still ongoing, but it goes without saying: lower [...]
deviantinvestor.com / By Terrence Campbell via Gainesville Coins / October 19, 2014
ABSTRACT: Stocks got absolutely trounced this week, saved only by ephemeral rumors of Janet Yellen making dovish comments behind closed doors. The global economy continues to be mired in a slowdown, making it more difficult for Europe to simply inflate and spend its [...]
paulcraigroberts.org / Paul Craig Roberts / October 17, 2014
Dear Readers, I now have for you the complete English transcript of Russian Foreign Minister Sergey Lavrov’s speech to the United Nations. Lavrov’s speech, together with President Putin’s remarks in his Serbian press conference (excerpts posted on this site) clearly indicate that the moral leader [...]
Marjory Collins Carpool for 3rd shift defense workers, midnight, Baltimore April 1943
theautomaticearth.com / by Raúl Ilargi Meijer / October 17, 2014
Da markets today sort of refound their – shaky – feet, oil up a dollar, EU exchanges up 3% or so, Greece even over 7%, while interestingly gold didn’t move much at [...]
jessescrossroadscafe.blogspot.com / 17 OCTOBER 2014
The Fed’s jawboning and some timely buying in the SP futures saved the US equity market, for this wild, wild week.
Follow through is essential, because technically stocks are not out of trouble.
Consumer sentiment is a lagging, not a leading indicator.
The notion that the US is exceptional [...]
zerohedge.com / by Tyler Durden on 10/16/2014 20:48
With 80% of Americans concerned about Ebola, and Europe’s most worrisome ‘factor’ is rising prices (yes, rising, despite central banks’ deflation ogre fears), we thought it might be useful to remember just what other concerns the world has. From ‘inequality’ to ‘religious hatred’ and from ‘nuclear [...]