“Markets will take the hit before economies get the benefit” of a lower oil price, according to Blackrock
This month’s big fall in the price of oil should be good news for much of the world’s economy. But so far markets have been telling a different story.
The MSCI Europe index has dropped 4% since early December, while the S&P 500 index remains 1% lower over the same period despite a rally […]
1999 was the year before US stock markets collapsed.
Published on Dec 18, 2014
On a day of wild market fluctuations, the rouble, the dollar and the oil price all ended higher, and US stocks had their best day of the year, even as the Federal Reserve prepared the market for rate rises ahead. John Authers asks if they are gearing up to party like it’s 1999.
Click here for more Authers […]
from SGT Report.com:
I caught up with Miles Franklin’s Andy Hoffman today just after he recorded his latest audio blog-cast titled Laughable FOMC Statement Sets New Central Bank Credibility Low Until the SNB One. And Andy has never been more alarmed by what we have witnessed unfolding over just the past two weeks.The global economic system is literally coming apart at the seams.
While talking about this week’s “meaningless” FOMC statement and […]
By Michael Snyder
Getting prepared for the chaos that is coming to America in the years ahead is not that complicated. Help is out there – if you know where to look. And it doesn’t have to be expensive either. In this article, I have put together a list of 122 of the best prepper websites on the Internet that will teach you how to prep for free. The great thing […]
By Michael Snyder
Do you want to know if the stock market is going to crash next year? Just keep an eye on junk bonds. Prior to the horrific collapse of stocks in 2008, high yield debt collapsed first. And as you will see below, high yield debt is starting to crash again. The primary reason for this is the price of oil. The energy sector accounts for approximately 15 to […]
CLICK ON CHART TO ENLARGE
If one likes the idea of buying low and selling higher, junk bonds might come to mind due to how hard they’ve been hit of late! The chart below highlights that an unusual and large performance spread between JNK and the S&P 500. Its not often that these two see a 10% return difference in just 60 days. This differential wasn’t the only thing that got […]
‘We don’t need a war when we can have a currency war‘- guest @sjderrick, Chief Currency Strategist, BNY Mellon
‘We don’t need a war when we can have a currency war’- guest @sjderrick, Chief Currency Strategist, BNY Mellon #Russia #Rouble @CNBC
— Louisa Bojesen (@louisabojesen) December 17, 2014
Currency war hots up as China prepares to bail out Russia
Does Putin & Co have a card up their sleeve amid the huge changes […]
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter
San Francisco is known for its mindboggling booms and breathtaking busts as the hot money from all over the world ebbs and flows amidst startup frenzies and IPO manias.
And now the hot money is flowing. It has created a delirious craziness in the housing market, surrounded by an environment where app makers without revenues but with big dreams and the word “disrupt” in their description are worth […]
AND their analysis didn’t even touch on Shale Oil Projects in the U.S.A. (Because they have too much invested in that).
Enjoy your $2.00 gas while it lasts…
In a stunning analysis this week, Goldman Sachs found almost $1 trillion in investments in future oil projects at risk. They looked at 400 of the world’s largest new oil and gas fields — excluding U.S. shale — and found projects representing $930 billion […]
By Michael Snyder
If you were about to take a final exam, would you have more hope or more fear if you didn’t understand any of the questions and you had not prepared for the test at all? I think that virtually all of us have had dreams where we show up for an exam that we have not studied for. Those dreams can be pretty terrifying. And of course if […]
Either we have some incredibly narrow reporting on the part of UK’s Mail Online, or we are witnessing a spectacular event of how incredibly dense the population of sheep are.
MOSCOW (AP) — Russian consumers flocked to the stores Wednesday, frantically buying a range of big-ticket items to pre-empt the price rises kicked off by the staggering fall in the value of the ruble in recent days.
Russia’s currency has been collapsing 15-20% in […]
Greece might be hit with Cyprus style bail-ins. Euro crisis getting worse. US mortgage applications declined, a sign that real estate is collapsing. Obama signed the 1.1 trillion spending bill. Russia is opening an investigation into the central bank actions. Corporate media polls show that the America people support torture. Police will be scanning social media sites to predict crime. U.S. and Cuba are reestablishing diplomatic relations. U.S. advisers are […]
NBC’s Pete Williams: Obama Admin ‘Haven’t a Clue’ What to Do About North Korea (December 18, 2014)
The MSNBC crew offers trigger warnings for the word Redskins, badly predicts election outcomes, poorly analyzes literature and overall has a really great year.
I’m a Ukrainian, and I never thought I would live to see the day when I say this- but the American government just passed a lawauthorizing it to give lethal aid to the government it itself installed in Ukraine in February to commit ethnic cleansing in Donbass and mass murder of internal dissidents opposed to its policies throughout Ukraine.
Primary source videos showing bloodthirsty brutality of the far-right US-installed Ukrainian […]
A good general principle in thinking about derivatives is that real effects tend to ripple out from economic interests. This is not always true, and not always intuitive: If you and I bet on a football game, that probably won’t affect the outcome of the game. But most of the time, in financial markets, it is a mistake to think of derivatives as purely zero-sum, two-party bets with no implications for the underlying thing. […]
We’ve Known for Thousands of Years that Torture Doesn’t Work
Mark Costanzo (Claremont McKenna professor of psychology) and Ellen Gerrity (Duke University professor of Psychiatry and Behavioral Sciences) note in a study published in the journal Social Issues and Policy Review:
As early as the third century A.D., the great Roman Jurist Ulpian noted that
information obtained through torture was not to be trusted because some people are “so susceptible to pain […]
Birds ‘heard tornadoes coming’ and fled the day before
US scientists say tracking data showing five golden-winged warblers left their nesting site a day before a tornado outbreak suggests they “heard it coming”.
Geolocators showed the birds, left the Appalachians and flew 700km (400 miles) south to the Gulf of Mexico.
The next day the deadly April 2014 tornadoes swept across the central US.
Shares in BYD, a Chinese car company backed by Warren E. Buffett’sBerkshire Hathaway, plunged without explanation by as much as 47 percent on Thursday, losing more than $1 billion in market value for the day.
BYD, which is based in the southern city of Shenzhen and makes electric vehicles, batteries and mobile phone handsets, said it could not explain the sudden decrease, which coincided with surging trading volumes in its stock.
Russia Has Begun Selling Its Gold, According To SocGen
A few days ago, we first reported a rumor that was floating around Wall Street desks, and which, according to some, was the “reason” that gold was being kept lower even as sovereign risk was exploding around the globe. The rumor was that Russia was selling its gold holdings:
The Federal Reserve just came out and said that it was going to be “patient” when normalizing the monetary policy. I know Wall Street is jubilant and the stock market spiked on the news, but I think this is really ominous and it is nothing to be celebrated. To me, that means don’t expect the Fed to raise interest rates anytime soon because the economy is much worse than what […]
EU leaders have agreed to launch an investment fund that could generate up to 300 billion euros to jump start the bloc’s sluggish economies and ignite job growth.
The plan is the brainchild of European Commission President Jean-Claude Juncker.