Archives for September 2015

CPI and HICP Deflation in Spain Accelerates

Courtesy of Mish. After a brief 0.1% rise in inflation in June and July, Spain's National Statistics Institute (INE) estimates the CPI stands at ?0.9% in September, five tenths lower than that registered in August. The above is a "flash" reading. The INE reports Spain's HICP (Harmonised Index of Consumer Prices) a measure that normalizes […]

Phil’s Stock World Weekly Trading Webinar – 9-29-15

Watch Phil's Weekly Trading Webinar (9-29-15); over at YouTube, you can subscribe to the PSW channel.  Major topics include: the Nasdaq chart, 5% rule, Japan's debt (250% of GDP), market's bounce, gold, money supplies, government shutdowns (are the republicans that crazy?), S&P, socialism, capitalism, end of the month market & LL, AAPL, MU trades.  Content time spots  1:49 Nasdaq chart & […]

Following In Ancient Rome’s Footsteps: Moral Decay, Rising Wealth Inequality

  Picture via Pixabay. Courtesy of Charles Hugh-Smith, Of Two Minds There are many reasons why Imperial Rome declined, but two primary causes that get relatively little attention are moral decay and soaring wealth inequality. The two are of course intimately connected: once the morals of the ruling Elites degrade, what's mine is mine and what's yours […]

What if a Tumor Stole Your Memories? Then Years Later, Surgery Restored Those Memories?

Courtesy of Mish. I just received a fascinating email today from Demetri Kofinas, Executive Producer of Offline Productions. Because of a brain tumor, Kofinas went years not knowing what he was saying, where he had been, or what he was doing. For example, he might have said Barack Obama in a sentence when he really […]

Chicago PMI Unexpectedly Dives to Negative Territory; Production at Lowest Since July 2009; Emanuel’s Tax Hikes Will Make Matters Worse

Courtesy of Mish. The Chicago PMI is in negative territory, plunging to 48.7 from a prior reading of 54.4 and a Bloomberg Consensus Estimate of 53.6. Giant swings are common enough for the Chicago PMI which collapsed nearly 6 points in September to a sub-50 reading of 48.7. This indicates slight monthly contraction in the […]

Germany Now Faced With Thousands Of Aging Wind Farms

Courtesy of Gaurav Agnihotri at OilPrice.com (As cross posted at Zero Hedge here.) Germany has long been a pioneer in the field of renewable energy, generating a record 78 percent of its power consumption from renewables in July of this year. In fact, Germany is one of the very few countries in the world that is actually […]

Is Stock Investing for Suckers?

Courtesy of Pam Martens. Nasdaq Index Chart Since 1988 On March 10, 2000 the Nasdaq stock market, which is supposed to hold the technology and startup companies that will keep America globally competitive in the future, closed at a high of 5,048.62. Yesterday, more than 15 years later, it closed at 4,517.32, a decline of […]

ECB Will Boost QE By 120% To €2.4 Trillion, S&P Predicts

Courtesy of ZeroHedge. View original post here. Earlier this month, when we previewed the September ECB meeting and subsequent Draghi presser, we noted that the “the deflationary boogeyman still lurks” in Europe and as Richard Breslow wrote that morning, “the five year/five year inflation gauge that Draghi has said the ECB watches very carefully remains […]

Food Stamp Growth Outpaces Illinois Job Creation 5-4 During Recovery

Courtesy of Mish. Congratulations (of sorts) once again go to Illinois, the only state in the Midwest where SNAP (food stamp) growth outpaced job creation during the recovery. SNAP stands for Supplemental Nutrition Assistance Program, renamed from “food stamps” so as to not sound so derogatory. What follows is a guest post from Michael Lucci, […]

Donald Trump Proves What’s Wrong with Bankruptcy Laws in America

  View image | gettyimages.com Donald Trump Proves What’s Wrong with Bankruptcy Laws in America Courtesy of Robert Reich On the opening day of Trump Plaza in Atlantic City in 1984, Donald Trump stood in a dark topcoat on the casino floor celebrating his new investment as the “finest building in the city and possibly […]

This Is “Getting Really Ugly, Really Fast”: Two Thirds Of Recent Graduates Say US College Education Is A Ripoff

Courtesy of ZeroHedge. View original post here. If there was any question about whether college students in the US were getting wise to the fact that their degrees may not be worth the $35K (on average) they’re paying for them, that question was answered earlier this year with one hilarious graduation cap: Yes, “Game of […]

The Stunning “Explanation” An Insurance Company Just Used To Boost Health Premiums By 60%

Courtesy of ZeroHedge. View original post here. It may not have been easy for Blue Cross Blue Shield to admit to their clients their premiums are set to rise by 60% due to Supreme Court-mandated tax known as "Obamacare" but it would have been the right thing. Instead, in justifying the boost to the two-month […]

Panic Is Spreading, Part 1: Surge in Junk Bond Defaults Imminent

Courtesy of John Rubino. One of the early signs that a cycle is about to turn down is disorder in junk bonds. That’s because the companies that issue such bonds are by definition financially and/or operationally weak and therefore ultra-sensitive to changes in their environment. A modest drop in, say, consumer spending or the price […]

U.S. Stocks Facing Their Biggest Test In 8 Years?

  U.S. Stocks Facing Their Biggest Test In 8 Years? Courtesy of Dana Lyons Broad-based Value Line Composite testing mega-critical level. The Value Line Geometric Composite (VLG) is an unweighted average of roughly 1700 U.S. stocks. This makes it, in our view, the most accurate index in instructing investors of the true state of the […]

The Anatomy Of A Retesting Of The Low

Courtesy of Eric Bush at Gavekal Capital The S&P 500 is now only about 1% off its 8/25 low. Have the market internals deteriorated as much as the headline price index has? Lets take a quick tour through our chart library to find out. On 8/25, 17% of US stocks were trading below its 200-day moving […]

Spain’s Secessionist Party Leaders to be Charged with “Act of Disobedience”

Courtesy of Mish. In the wake of a parliament-majority win by independence parties in last Sunday’s Catalonia region election, the strike-down of dissent by Madrid continues. The Financial Times reports Secessionist Party Leaders to Appear in Court Over Role in Breakaway Vote. Catalan president Artur Mas will have to appear as a formal suspect in […]

Striking Weakness in Home Prices

Courtesy of Mish. For the third month in a row, the Case-Shiller 20-city seasonally adjusted home price index declined. Last month was revised lower. Economists were surprised. The Bloomberg Econoday Consensus was for a month-over-month rise of 0.1%, instead prices declined by -0.2%. Case-Shiller is reporting what is becoming striking weakness in home prices, at […]

As Glencore Is Compared to the Fall of Lehman, It Shows Up in Kids’ 529 College Plans

Courtesy of Pam Martens. Glencore’s Lomas Bayas Copper Mine in Chile Stocks were variously spiking and tanking from moment to moment in early morning trade and much of the problem resides in one eight letter word – Glencore. The Switzerland-based industrial metals producer and commodity trading firm has lost over 75 percent of its share […]

India “Surprises” 51 Out Of 52 “Experts”, Slashes Rates More Than Expected As Easing Bonanza Continues

Courtesy of ZeroHedge. View original post here. Late last month, we asked how long it would be before the RBI hit back in the wake of China’s yuan deval. The Indian government’s chief economic advisor Arvind Subramanian had just told ET Now television that India may need to "respond" to China’s monetary policy stance, and […]

Carl Icahn Says Market “Way Overpriced”, Warns “God Knows Where This Is Going”

Courtesy of ZeroHedge. View original post here. To be sure, no one ever accused Carl Icahn of being shy and earlier this year he had a very candid sitdown with Larry Fink at whom Icahn leveled quite a bit of sharp (if good natured) criticism related to BlackRock’s role in creating the conditions that could […]

Question to Millennials: Why Are You Not Mad as Hell Yet?

Courtesy of Mish. Millennials, why are you not angry about … Having to pay Social Security when it won’t be there for you. Paying exorbitant taxes for public pension handouts and boomer retirements at age 50 for which you receive negative benefits. Obamacare for which you overpay to support the obese and the nicotine addicts. […]

Fourth Turning: Crisis Of Trust, Part 3

Courtesy of Jim Quinn via The Burning Platform In Part 1 of this article I discussed the catalyst spark which ignited this Fourth Turning and the seemingly delayed regeneracy. In Part 2 I pondered possible Grey Champion prophet generation leaders who could arise during the regeneracy. In Part 3 I will focus on the economic channel […]

#1 Reason Stocks are Declining; Is Hillary to Blame for Biotech Smash?

  #1 Reason Stocks are Declining; Is Hillary to Blame for Biotech Smash? Courtesy of Mish. In the wake of yet another big market selloff (biotechs down over 6% today), the Nasdaq 100 index down 2.87%, and the S&P down 2.56%, mainstream media parrots floated numerous reasons behind the selloff. All of the parrots are wrong. […]

Tick Tick Tick

  Tick Tick Tick Courtesy of James H. Kunstler Did Charlie Rose look like a fucking idiot last night on 60-Minutes, or what, asking Vladimir Putin how he could know for sure that the US was behind the 2014 Ukraine coup against President Viktor Yanukovych? Maybe the idiots are the 60-Minutes producers and fluffers who are supposed to prep Charlie’s questions. Putin […]