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Stocks and Precious Metals Charts - Kicks Keep Getting Harder to Find

"Most men of business think 'Anyhow this system will probably last my time. It has gone on a long time, and is likely to go on still.'" Walter Ba ...


US-China Trade Dispute Not the Only Thing Hitting Germany

“Outlook has deteriorated even more for the Eurozone than for Germany.”


Citigroup Moving Long Island Employees To Make Room For Amazon HQ2

Citigroup on Tuesday announced that they will move approximately 1,100 employees out of its offices at One Court Square in Long Island over the fi ...


The demonetization gap

Two years ago, Indian PM Narendra Modi suddenly demonetized all of the nation's ₹1000 and ₹500 banknotes. His stated goal was to exact justice on ...


Is The Corporate Debt Bubble Bursting? GE’s 5% Perpetual Bond Falls To $79 While Stock Goes Sub-$10

Last decade, there was a residential mortgage credit bubble that burst. While there doesn’t appear to be a residential mortgage credit bubble (wel ...


Goldman: Unemployment rate down to 3% in early-to-mid 2020

A few brief excerpts from a Goldman Sachs research note: Following the remarkable momentum in job growth, we update our estimate of the breakeven ...


Crude Crashes As Saudis Abandon OPEC Production Curbs

For the first time since the Vienna OPEC deal in 2016, Saudi Arabia is no longer complying with the quota as Bloomberg calculates that in October, ...


Bezos Backlash Begins: Socialist Democrats Decry Amazon HQ2 "Burden" On NYC

Amazon has only just officially confirmed its plans to split its second headquarters between Queens (specifically the Long Island City neighborhoo ...


The Kinks! US Dollar Swaps Curve Kinked At 18 Months While 10Y-2Y Swaps Curve Dives

The US Dollar Swaps curve is kinked at 18 months to 2 years, then is humped beyond 2 years. The 10Y-2Y swaps spread is behaving in a similar fash ...


CoreLogic: "Mortgage Delinquency Rate the Lowest Level in More Than 12 Years"

From CoreLogic: CoreLogic Loan Performance Insights Find the Overall US Mortgage Delinquency Rate in August Fell to the Lowest Level in More Than ...


Cable Jumps On Report EU, UK Agree On 'Hard Border' Brexit Terms

Another day, another Brexit negotiation story. According to RTE reporter Tony Connelly, "EU and UK negotiators have agreed a text on how to avoid ...


What If You Retire At a Stock Market Peak?

Meet Sam. Sam’s entire family has terrible luck when it comes to the timing of their retirement. Sam’s great-grandparents retired at the end of 19 ...


What Is Missing To Complete a 'Crash Signature' for 2018

Here is a little more to expand on the posting I made last night here. We have had a long run up, with only a few corrections, to new all time hi ...


Some Economics of World War I

What we now call World War I was known at the time, and for several decades afterward, simply as the "Great War." It wasn't until the arrival of W ...


Caterpillar Reports Weakest Retail Sales Growth Since September 2017

Just a few weeks after Caterpillar reported disappointing results, which sent its stock sliding amid growing fears about the company's exposure to ...


Beer, & economic determinism

Devarshi Lodhia has a nice piece on the decline of the pub. I wonder, though: to what extent are the social and cultural changes that have contrib ...


Open post Nov. 13, 2018


US Stock Market – Re-Coupling with a Panic Cycle?

  The Mighty Gartman Investment newsletter writer Dennis Gartman (a.k.a. “the Commodities King”) has been a target of ridicule at Zerohedge for a ...


UK wage growth rises but awkwardly productivity falls

It is hard not to have a wry smile as we note that Tuesday is now the day that the official UK labour market data is released. This is because Mem ...


Kalecki on wage-led growth

One of the main features of the capitalist system is the fact that what is to the advantage of a single entrepreneur does not necessarily benefit ...


The power of self-belief …

 


The Evaporation Of The Greek Banking Sector

The below statistics (source: Bank of Greece) show the development of the aggregate balance sheet figures of the Greek banking sector (all banks e ...


1 in 54 Chance of U.S. Recession Starting Before November 2019

The U.S. Federal Reserve boldly took no action to increase short term interest rates in the U.S. at the conclusion of its 7-8 November 2018 meetin ...


Are US Equities Flashing a 'Crash Signature'

Asks my old friend, Dominique, from the Côte d'Azur. No, not yet. Close, but no cigar. This is still just a correction.  It is steeper in the b ...


Where Veteran Homelessness Is Rising And Falling

Despite the end of the Iraq war and efforts to enable the Afghan military to take over their country's security, the sight of a homeless U.S. vete ...


For The First Time Ever, Bank Of Japan Total Assets Surpass Japan's GDP

For the first time in history, a central bank has managed to print enough money to buy enough assets to surpass the nation's annual GDP. Under ...


DEA And ICE Hiding Secret Cameras In Streetlights 

According to new government procurement data, the Drug Enforcement Administration (DEA) and Immigration and Customs Enforcement (ICE) have purchas ...


FANGMAN Come Re-Unglued, Debacles Sinks Goldman Sachs, Apple, GE

Fears that the bull market died sent people and algos scrambling out of the way.


Here Is How Walmart Plans To Seize Further Control Of Your Community 

At the most recent International Council of Shopping Centers (ICSC) conference in Atlanta, Walmart announced new plans to repurpose twelve of its ...


Everyone On Wall Street Is Getting Bigger Bonuses This Year

It wouldn’t be the tail end of 10 years of Federal Reserve-catalyzed market manipulation and price euphoria if Wall Street executives didn’t get t ...


Assessing the odds of a US-China agreement

In the past week, a number of readers have expressed the conviction that US-China trade tensions are likely to ease in the near future at the upco ...


Stocks and Precious Metals Charts - Equities Plunge Led By Apple and Goldman - Stock Option Expiration Friday

“It was not curiosity that killed the goose who laid the golden egg, but an insatiable greed that devoured common sense.” E.A. Bucchianeri US e ...


Long Beach: "Port sees brisk holiday imports, slower exports"

From the Port of Long Beach: October Cargo Strong in Long BeachFor the second consecutive year, the Port of Long Beach has broken its October reco ...


Real Canadian Mortgage Growth Points to Early-80s-Style Meltdown

We’re overestimating growth, thinking of it as heading towards low growth. In reality, we’re heading towards negative growth, once adjusted for in ...


Massive California Fire Tornado Caught On Video

As the massive Woolsey Fire continues to rip through Malibu and the surrounding areas, one of the more disturbing phenomena has been the emergence ...