Wednesday, December 02, 2015
How Money Disappears in a Fractional-Reserve Money System / Currencies / Fiat Currency
By: Frank_Shostak
Most experts are of the view that the massive monetary pumping by the US central bank during the 2008 financial crisis saved the US and the world from another Great Depression. On this the Federal Reserve Chairman at the time Ben Bernanke is considered the man that saved the world. Bernanke in turn attributes his actions to the writings of Professor Milton Friedman who blamed the Federal Reserve for causing the Great Depression of 1930s by allowing the money supply to plunge by over 30 percent.
Wednesday, December 02, 2015
Putin’s Revenge? The Fight for Syria's Nothern Border / Politics / Syria
By: Mike_Whitney
“We have received additional information confirming that the oil controlled by Islamic State militants (ISIS) enters Turkish territory on an industrial scale. We have every reason to believe that the decision to down our plane was guided by a desire to ensure the security of this oil’s delivery routes to ports where they are shipped in tankers.” –Russian President Vladimir Putin, Paris, 11-30-15
Wednesday, December 02, 2015
Stock Market Blue Skies, Unicorns, and Santa Claus Rallies / Stock-Markets / Stock Markets 2015
By: Jesse
"Unhappy events abroad have retaught us two simple truths about the liberty of a democratic people.
The first truth is that the liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic state itself. That, in its essence, is Fascism—ownership of Government by an individual, by a group, or by any other controlling private power.
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Wednesday, December 02, 2015
Stock Market Correction Nearing Its End... / Stock-Markets / Stock Markets 2015
By: Anthony_Cherniawski
What appears to be a final fifth wave has appeared, morphing the former double zigzag into an a-b-c Wave 2…
…that is, if it reverses very soon. You see, Wave (iii), which is 18.39 points long, cannot be the smallest wave in the series. That may happen if the SPX peaks above 2105.16. So the issue remains unresolved until morning.
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Wednesday, December 02, 2015
Renewable Green Energy Bankruptcies / Politics / Renewable Energy
By: BATR
With the approach of the much ballyhooed Paris Climate Summit, the world is being conditioned to accept the spread of the renewable energy gospel. As shams go this one is a doozy. Absent from the filtered media coverage is the actual record of failure and fraud that produces more bankruptcies than usable energy. Hold onto your socks, the waste of public money is about to accelerate. All these projects will enrich the few, while soaking the multitude. Aye, global warming is such a blessing . . .
Tuesday, December 01, 2015
Financial Markets are a Psychological Phenomenon - Video / InvestorEducation / Trader Psychology
By: EWI
Interview with Robert Prechter
Watch this 2-minute video where Robert Prechter talks about his developing theory on finance with Douglass Lodmell for The Mind Of Money series.
Since then, Bob has been hard at work on his new book about his now fully developed theory on finance (scheduled for completion in 2016).
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Tuesday, December 01, 2015
Fed's Yellen Running Out of Makeup - Video / Interest-Rates / US Federal Reserve Bank
By: Mario_Innecco
It's Tuesday before non-farm payroll which is coming out on Friday but it's been an interesting day in the markets we've had some interesting data in the us- the manufacturing I assume PM. number came out of 48 points, was forecast to come out and it dropped from 50 the previous month so that's quite a big drop in its below 50 which means a contraction so if you look at the headlines on Zero Hedge for example today we've had some interesting headlines about the US economy one of them says Atlanta Federal Reserve slashes fourth-quarter GDP forecast from 2.3 to 1.4.
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Tuesday, December 01, 2015
U.S. Dollar Remains the reserve currency of the world for a good reason / Currencies / US Dollar
By: Bloomberg
U.S. Treasury Secretary Jack Lew spoke with Brendan Greeley on Bloomberg TV's new flagship morning program, Bloomberg <GO>. Lew discussed how government can address the lack of access to banking in the United States, financial services' rules and regulations and the benefits of Dodd-Frank.
On the IMF elevated the Chinese yuan, Lew said: "The U.S. dollar remains the reserve currency of the world for a good reason." He added: "We've also had long, ongoing discussions with China about their currency practices. They have made commitments to us that will not intervene in ways that are unfair. And those are important commitments. And they know that we're going to hold them to those commitments."
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Tuesday, December 01, 2015
SPX Does a Double Zigzag Correction / Stock-Markets / Stock Markets 2015
By: Anthony_Cherniawski
SPX appears to have formed a double zigzag correction, usually rare for a Wave 2. Crossing the hourly mid-Cycle support at 2078.65 may confirm that observation.
This may be an ideal aggressive short entry if you have any dry powder or if you have been stopped out. Otherwise we wait for the confirmations at lower levels.
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Tuesday, December 01, 2015
The Demographic Nightmare Caused by Gender Selection / Politics / Demographics
By: Rodney_Johnson
I took a year off after college. I don’t remember it having a cool name like “gap year” back then. Most people considered it goofing off. I spent the summer and fall on the coast in Florida waiting tables, then moved out west to Jackson Hole, WY for the ski season. I worked at a hotel at night and skied during the day. It was a modest existence, no doubt, but it was also just as awesome as it sounds.Back then Jackson Hole was still a hole. The airport had not been expanded, so there was no large jet service. However, changes were already happening. It was clear the place was about to explode. The owner of the hotel at which I worked called me into his office at the end of season. He offered me a job as a real estate agent, working with him selling vacation properties to tourists.
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Tuesday, December 01, 2015
Why We Won’t See Gold $5,000 / Commodities / Gold and Silver 2015
By: Harry_Dent
I have so many bets on the go with gold bugs like Porter Stansberry (Stansberry Research) and Jeff Clark at Casey Research… and I just keep winning ‘em.That’s something to be happy about, right?
But I’m more pained than happy about it because, when I debate these guys (including Peter Schiff), we all agree that we’re in an unprecedented debt and financial bubble with QE adding kerosene to the fire. We all agree that things are about to end very badly.
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Tuesday, December 01, 2015
U.S. Mint Gold Eagles See Sales Surge, Silver at Record / Commodities / Gold and Silver 2015
By: GoldCore
“The U.S. Mint’s sales of American Eagle coins surged in November, with gold nearly tripling month-over-month and silver already reaching a new annual record as bullion prices fell to multi-year lows” reported Reuters.
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Tuesday, December 01, 2015
Gold Price and Stocks Divergence / Commodities / Gold and Silver 2015
By: Gary_Savage
This appears to be the only time in this bear market that miners are diverging form the price of gold as it moves down into the intermediate cycle low.
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Tuesday, December 01, 2015
Stock Market January Effect / Stock-Markets / Stock Markets 2015
By: Ed_Carlson
In last week’s Hybrid Lindsay forecast, Middle Section forecasts from both the Basic and Multiple cycles pointed to a high for the November run-up in the Dow on Monday, November 23. As of last Friday, both the closing and intra-day highs occurred one trading day early, the previous Friday, November 20.
Moving from the Dow Industrials to small caps… according to Stock Traders’ Almanac, the January Effect (the tendency for small caps to outperform large caps in January) now begins in mid-December. The chart below shows the relative performance of small caps (RUT) versus the broader market (SPX). In October, the ratio tested the low of the last four years set during the previous October.
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Tuesday, December 01, 2015
Globalist Lockdown is here to Stay / Politics / New World Order
By: BATR
The theater that has become the international political scene is entering its last act. As the actors play out their specific roles and read from the script that was written for them by the mega elites, the general audience in the crowd do not know to clap or hiss the production. All the absurd instances that rip apart the last vestige of civilized culture are ready for the final imposition of the Illuminati system for total control. The few brave souls that remain in the struggle for combating the evil forces of globalism are the prime target for elimination.
Tuesday, December 01, 2015
Stock Market Unwinding... ISM Manufacturing On Deck.... / Stock-Markets / Stock Markets 2015
By: Jack_Steiman
It's never a bad thing to see a market unwind from overbought conditions, especially in this particular environment, because the market is tougher and tougher these days, thus, the concept of buying at overbought is very tough indeed. Removing some of the risk to our souls is not a bad thing which equates to buying closer to, or at, oversold on those short-term, sixty-minute charts. While there's no guarantee we will ever get to the old highs at S&P 500 2134, but we still have a decent shot, since there's still no evidence of a topping pattern long-term. Understand that there's no particular requirement for that to take place, but it usually does. There is usually some type of hints being thrown our way, such as overbought with negative divergences on multiple time frames, or a massive gap down on higher volume.
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Tuesday, December 01, 2015
The Upside of a Down Gold Mining Market / Commodities / Gold and Silver Stocks 2015
By: The_Gold_Report
When the instinct is strongest to curl up in a ball and wait out the ravages of the down market is also when smart companies snap up distressed projects and get to work while capital costs are low. In this interview with The Gold Report, veteran investors Bob Moriarty of 321gold.com and Adrian Day of Adrian Day Asset Management share their messages to mining company CEOs and investors about advancing frugally to avoid being left in the dark. To make investing in teams doing the right things even easier, they identify a dozen companies that have already taken the contrarian advice to heart.
Tuesday, December 01, 2015
Bank Regulations Continue To Hinder The U.S. Economic Recovery / Economics / Market Regulation
By: Steve_H_Hanke
Money matters — it’s one of Milton Friedman’s maxims that I repeat often in my columns. Since the Northern Rock bank run of 2007 — the “opening shot” of the financial crisis — the money supply, broadly measured, in the United States, Great Britain, and the Eurozone has taken a beating.
Recently, in the United States, money supply growth has started to rebound somewhat. This is a positive sign, because the quantity of money and nominal gross domestic product (GDP), as well as related measures of aggregate demand, are all closely related. Indeed, if broad money growth is robust, the nominal GDP, which is composed of real and inflation components, will be robust and vice versa.
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Tuesday, December 01, 2015
ISIS, Turkey And Oil – The Bigger Picture: Interview With Pelicourt / Commodities / Crude Oil
By: OilPrice_Com
As the terrorist attack in Paris sparks worldwide fear of similar reprisals and a bloody shootout and hostage situation in a five-star Mali hotel exacerbates those concerns, global energy security reels under the pressure of unfathomable geopolitics. In an exclusive interview with Oilprice.com, Robert Bensh—managing director and partner at Pelicourt, a Western-owned oil and gas company navigating tricky conflict zones—discusses: Read full article... Read full article...
Tuesday, December 01, 2015
Thanksgiving Amid the Terror Threats / Politics / Religion
By: John_Mauldin
“Nobody in Europe will be abandoned. Nobody in Europe will be excluded. Europe only succeeds if we work together.”
– Angela Merkel, December 15, 2010
“Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. Believe me, it will be enough.”
– Mario Draghi, July 25, 2012
“We have to safeguard the spirit behind Schengen,” Mr Juncker told the European Parliament on Wednesday. “Yes, the Schengen system is partly comatose. But . . . a single currency does not exist if Schengen fails. It is one of the pillars of the construction of Europe.”
– London Telegraph, November 25, 2015