davidstockmanscontracorner.com / by David Stockman / November 28, 2014
Here are a couple of reasons why Keynesian economists are truly a menace in today’s bubble ridden and debt-impaled world. It seems that both Harvard’s Kenneth Rogoff and Princeton’s Paul Krugman are on the global advice circuit, peddling what amounts to sheer snake oil to […]
zerohedge.com / by Tyler Durden on 11/26/2014 13:21
Despite near-record Treasury short speculative-positioning, 30Y Treasury yields just hit a 2.93% handle – in line with the yield at the Bullard lows in mid-October. The S&P 500 is 200 points higher… Discuss…
The S&P 500 is now trading 200 points rich to Treasury markets (or […]
wallstreetexaminer.com / by Jesse Felder / November 25, 2014
This is a syndicated repost courtesy of The Felder Report.
This stock market is now the second most overbought, the second most overvalued and most most over-leveraged market in history.
Overbought: My friend, Dana Lyons, recently posted the chart below which shows the S&P 500 […]
theautomaticearth.com / by Raúl Ilargi Meijer / November 25, 2014
US Q3 GDP was revised up by the BEA to 3.89%, but that’s no longer what financial markets react to. They sit and wait for more QE somewhere on the planet to be doled out. Will Americans, if they see this at all, take […]
jessescrossroadscafe.blogspot.com / 25 NOVEMBER 2014
The GDP estimate came in on the high side revision today showing what a marvelous recovery we are enjoying.
Too bad not much else is showing growth. Maybe this is one of those recoveries that is localized to the well-to-do.
The market is drifting higher on low volumes, and […]
zerohedge.com / by Tyler Durden on 11/24/2014 16:03
The last few weeks have been the strongest and most consistent rallies in US equity market history. US equity markets have traded above their 5-day moving average for 27 days – the longest such streak since March 1928 (h/t MKM’s John Krinsky) and all amid […]
zerohedge.com / by Tyler Durden on 11/23/2014 21:36
Forget Black Friday and Q4 GDP… it appears, from the most recent forecasts that from Wednesday on this week, the eastern US faces a ‘White Five-Day’ as Accuweather reports “an increasing likelihood for a swath of heavy snow stretching from eastern Pennsylvania through New York’s Hudson Valley […]
marctomarket.com / by Marc Chandler / Novmeber 23, 2014
Many people assume that politics and economics are separate spheres. We find ourselves often harkening back to the even older tradition of referring to “political economy”. After all it was Harold Laswell, who is regarded as the father of modern political science, that famously defined politics […]
Hans Behm Windy City tourists at Monroe Street near State 1908
theautomaticearth.com / by Raúl Ilargi Meijer / November 23, 2014
“The push that came to shove might have been the grim October data, which showed industrial output, investment, exports, and retail sales all slowing fast. Those data suggest it will be much harder […]
blog.milesfranklin.com / Andrew Hoffman / November 21st, 2014
On Thursday morning, whilst taping this week’s Audioblog, I discussed how overnight, the PMI Manufacturing reports in China, Japan and essentially all of Europe were not only miserable but well below expectations. Heck, even the PMI report in the United States of Economic Lies came in at […]
zerohedge.com / by Tyler Durden on 11/19/2014 19:08
While hopes of the J-Curve recovery in the deficit are long forgotten in the annals of Goldman Sachs history, silver-lining-seekers will proclaim the very modest beat in tonight’s Japanese trade deficit a moral victory for a nation whose economic data has been nothing but abysmal […]
zerohedge.com / by Tyler Durden on 11/19/2014 13:53
One of the more prevalent myths in recent weeks is that just because everyone who manages money hates Europe, which recently entered a triple-dip recession if one excludes the “contribution” to GDP from hookers and blow, then it must be a good buy. After all, the […]
davidstockmanscontracorner.com / by David Stockman / November 18, 2014
This is getting hard to believe. The announcement that Japan has plunged into a triple dip recession should have been lights out for Abenomics. But, no, its madman prime minister has now called a snap election to enlist more public support for his campaign to […]
zerohedge.com / by Tyler Durden on 11/18/2014 15:11
If you were forced to admit that everything you believed about markets and monetary policy was in fact completely fallacious, as this week’s Japanese GDP collapse proved of Abenomics and devaluing yourself to prosperity, could you do it? Or would you stick to your blinkered views of […]
zerohedge.com / by Tyler Durden on 11/18/2014 12:12
Abenomics ‘hope’ and ‘reality’ explained by Diapason Commodities’ Sean Corrigan – do you believe in miracles? After last night’s Japanese GDP print, hope is all that is left.
So, if the BOJ can just move prices up for long enough, people will start to demand higher […]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / November 17, 2014
With two consecutive quarters of contracting Gross Domestic Product, Japan is officially back in recession. GDP shrank 1.6% annualized.
Unadjusted for price changes, the Japanese economy contracted an annualized 3 percent, the Cabinet Office said.
None of this was “expected”. We will explore “why” in a […]
financialsense.com / by SHERAZ MIAN / 11/17/2014
Japan will remain the dominant theme in today’s session; this prompted a big sell-off in Japan that carried into Europe and will have a bearing on our markets today as well. With not much on the economic calendar and the Q3 earnings season slowly moving into the rearview […]
So long, and thanks for all the fish…it took more than $400 million for this bunch to meet and issue another meaningless communique at the end. We can assure you we can throw a party for 20 people for slightly less than that. (Screenshot via Gateway House)
acting-man.com / Pater Tenebrarum / November 17, […]
gold-eagle.com / By Michael Pento / November 17, 2014
There is a popular American military term called a “last stand”, which is meant to describe a situation where a combat force attempts to hold a defensive position in the face of overwhelming odds. The defensive force usually sustains very heavy casualties or is completely destroyed, […]
zerohedge.com / by Tyler Durden on 11/16/2014 19:07
Japanese GDP fell for the 2nd quarter in a row making it official – as we warned a month ago – that Japan has entered a triple-dip recession. Againstr hope-strewn expectations that the rebound from a sales-tax-driven slump would create a magical 2.2% (annualized) expansion, Japanese […]