UK finance ministry says takes orders for first renminbi bond. – G.G. o o o Slowly but surely. The pace seems to be picking up though. China puts a new nail in dollar coffin as it begins direct trade with Singapore. – A.H. o o o Items from Mr. Econocobas: Greenspan: Fed Can’t Exit Without Turmoil Why Did Q3 GDP Jump: Thank ISIS And The “War On Terror” U.S. Homeownership Rate Falls to Lowest Since Early 1995
US Homeownership Rate Drops To 1983 Levels: Here’s Why. – G.G. o o o Alan Greenspan: Gold Is A Good Place To Put Money These Days o o o Items from Mr. Econocobas: Obamacare Sends Health Premiums Skyrocketing By As Much As 78% – This is about spot on to what I have personally experienced in the private market as well. Does This Look Like A Housing Recovery To You? From This Day Forward, We Will Watch How The Stock Market Performs Without The Fed’s Monetary Heroin U.S. Economy Up 3.5% in 3rd Quarter, Capping Best 6 Months in Over …
The American Illusion of Prosperity o o o Items from Mr. Econocobas: Japan Finance Minister Will Consider Stimulus after Q3 GDP Data How Will The Stock Market React To The End Of Quantitative Easing Federal Reserve Plans Next Phase as End to Stimulus Program Is Expected- This is a pipe dream in my analysis Fireworks Fly As Peter Schiff Warns “An Economy That Lives By QE, Dies By QE”
In some regions, a top quality metal detector might be a good investment: Massive 6.07 Pound Gold Nugget Found In California o o o Here’s a major risk you’re probably taking without even knowing it (and how to stop it) – S.B. o o o Items from Mr. Econocobas: ECB – 25 Banks Not Strong Enough To Withstand Another Crisis Can’t Find Any Inflation? Here’s A Place To Start Pending Home Sales in U.S. Increase Less Than Forecast Hundreds Give Up U.S. Passports After New Tax Rules Start
Why The $1.5 Quadrillion Derivatives Market Will Disintegrate To Worthlessness o o o Asset protection of retirement funds after Clark. – K.W. o o o 7 things the middle class can’t afford anymore. – G.G. o o o Smoke and Mirrors, Paper and Paste. – C.B. o o o Global Economy Has Collapsed-Andy Hoffman. – J.W.
It Is Time To Embrace the New Refrain “Got Silver?” – G.G. o o o Saudi Arabia: Producing More Crude, Selling Less? o o o Economic Collapse Lies Just Around The Corner o o o Weimar Germany, Global Bank Takeover, Gold, Silver & Oil o o o JP MORGAN GOLD INVENTORIES: Fall A Stunning 33% In One Day. – J.W.
The Fed “IS” the Problem!. – JFJ o o o Russia Adds A Record 1,200,000 Ounces Of Physical Gold To Their Reserves o o o Homage to Catalonia: Why These Secession Movements are Growing o o o Items from Mr. Econocobas: Weak Yen’s Tap on Worker Wallets Fuels Debate ECB Bond Purchases Seen by Traders Exceeding $1 Billion
Regulators Close Small Illinois Bank. – G.G. o o o Items from Mr. Econocobas: 50 Percent Of American Workers Make Less Than 28,031 Dollars A Year Amazon’s Loss Makes Holidays A Question Mark Low Inflation? The Price Of Ground Beef Has Risen 17 Percent Over The Past Year Saudi Arabia Surprises with Less Supply, Oil Price Jumps
The Many Roads to Currency Ruination – G.G. o o o Whistleblowers: IRS Officials Behind ‘Fraudulent’ Multi-Billion Dollar Corporate Tax Giveaways. – CPL o o o Items from Mr. Econocobas: There Is A Plunge Protection Team – It’s Called The FOMC – Again an economy that lives by QE will die by QE…
Fear of Ebola Now Creating Weakness in U.S. Stocks? o o o Permanent Damage to US Economy-Michael Snyder. – J.W. o o o Items from Mr. Econocobas: Chris Martenson- How The Federal Reserve Is Purposely Attacking Savers – This is a little slow to develop but a nonetheless a great article. Slump in Mortgage Rates Fails to Rally Home Buyers David stockman- Wall Street Is One Sick Puppy—–Thanks To Even Sicker Central Banks 19 Very Surprising Facts About The Messed Up State Of The U.S. Economy
Mr Rawles, I’m reminded today of a line from your Patriots series describing the crunch as “like watching a snake eating its own tail.” Today’s economic news is exactly that– Terror of Ebola and rising interest rates forces investors to dump their dollars into treasuries, artificially lowering interest rates and creating a new housing bubble. This fear in turn leads to a “reconsideration” of raising interest rates and ending bond purchases by the Fed. In the interest of moderation, I intend to withdraw the majority of my 401k Monday and pay off the mortgage on my retreat, leaving only enough …
Video: Why Hillary Clinton Would Be a One-Term President, According to Peter Thiel o o o The Fed “IS” the Problem! – JFJ o o o Items from Mr. Econocobas: Video: Fed Emergency Update – Mike Maloney How Markets Need $200 Billion Each Quarter From Central Bankers McDonald’s Profit Drops 30% as U.S. Sales Slump – Coca-Cola is struggling as well, as the largest beverage company. Maybe some is due to obvious health concerns, but there is more at play here as folks struggle to keep up. Video: Peter Schiff – Santelli Exchange: QE Consequences
Why the Fed Will Continue to Print Money in 2015 o o o Paul Craig Roberts: Dollar Is The Weak Spot For U.S. o o o Items from Mr. Econocobas: FED’S ROSENGREN: I Can ‘Easily Imagine’ Us Holding Off On Rate Hikes Until 2016 – More Fed backpedaling. An end to QE this month is becoming less likely, and yet still “no one” will see this coming. Bullard Risks Ignoring Bullard With `Pessimistic Signal’ on QE – This signal will eventually someday happen, awaking the generally dumb public to what we all know and then it’s “Katie bar the door”, …
The World Has Less Than 5 Days Worth Of Copper Inventories o o o Japanese Stocks Tumble After BOJ Bond-Buying Operation Fails For First Time Since Abenomics o o o Yellen says rising income inequality in U.S. ‘greatly’ concerns her. And since when is this any of the Fed’s concern? This progressive horse manure will drive our once-great nation right over a cliff. – J.H. o o o Russians and Chinese are ditching the dollar as Europeans start using renminbi in their reserves
Jim Rogers Warns: Albert Edwards Is Right “Sell Everything & Run For Your Lives” o o o Why Malpractice from the Fed Will Undermine Growth o o o How Americans go poor by spending money on housing and related expenses: Americans spend 33 percent of their income on housing-related items. Items from Mr. Econocobas: ‘Stunning’ Fed Move Put Bottom under Stocks: Traders – It’s amazing; either they really don’t understand fundamental economics or are playing dumb. An economy that lives by QE will die by QE. The hint of reviving QE is the only thing that stopped the sell-off. Another …