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Category: News

The Deteriorating Economic Outlook – Wake-Up, Face Facts & Prepare

By Paul Craig Roberts, Dave Kranzler and John Williams. The third and final estimate (until the annual GDP revisions) of first quarter 2014 real GDP growth released June 25 by the US Bureau of Economic Analysis was a 2.9% contraction in GDP growth, a 5.5 percentage point difference from the January forecast of 2.6% growth. Apparently, the first quarter contraction was dismissed by those[...]

Another sign the bull market (in stocks) is nearing its end

Analysis: Companies no longer want to buy their own shares, a worrisome sign By: Mark Hulbert - MarketWatch CHAPEL HILL, N.C. (MarketWatch) — Here’s another sign the bull market in stocks may be nearing an end: Companies have dramatically reduced share repurchases. New stock buybacks fell to $23.2 billion in June, the lowest level in a year and a half, according to fund tracker TrimTabs[...]

Why Jobs Are Scarce, Wages Low and Government Can’t Help

Thursday, 10 Jul 2014 - By Peter Morici Americans keep hoping for a robust recovery — one that delivers better-paying jobs and decent returns on retirement savings. Changes in technology and the economy may require that never happens, and government efforts to improve conditions often multiply the misery. In 1908, Henry Ford had a great idea — the Model T — and a novel understanding of[...]

Germany Just Kicked Out The CIA’s Berlin Station Chief – Not a good development for a currency based on “Full Faith and Credit”

Germany has asked the top U.S. spy in the country to leave. "The representative of the U.S. intelligence services at the United States embassy has been asked to leave Germany," government spokesman Steffen Seibert said in a statement. The White House told Business Insider it was aware of the reports. It didn't comment directly on what it said was an "intelligence matter," but National Security[...]

Gold Soars and Stock Futures Plunge over Fed Minutes

Madrid (July 10) Gold prices jumped sharply on Thursday for a second straight day of gains, while stock futures tumbled as the reality of the Federal Reserve’s end to its bond-buying program began to gel with investors. At last check, gold for August delivery GCQ4 +1.49% was up $17.70, or 1.3%, to $1,341.60 an ounce. September silver SIU4 +2.31% added 50 cents, or 2.4%, to $21.54 an ounce. A[...]

El-Erian: Fed’s Easy Money Policy Is ‘All-In Bet’ – Moneynews

Tuesday, 08 Jul 2014 01:45 PM By Dan Weil via Moneynews The Federal Reserve's continuation of a highly accommodative policy represents an "all-in bet" by Fed Chair Janet Yellen that the easing will bring economic growth before the policy reaches the point of causing financial instability, says former Pimco Co-CEO Mohamed El-Erian. The Fed is expected to leave its federal funds rate target at a[...]

If ever the stock market flashed a ‘sell’ signal, it’s now – It’s not too late to cash-out and reallocate

By: Michael Sincere MIAMI (MarketWatch) — I know what you’re thinking. You’re thinking: Is this market going to go up another 10%? I have no idea. But this being a powerful market that can blow your account clean off if you’re wrong, you’ve gotta ask yourself: “Do I feel lucky?” Most investors seem to feel pretty confident that this market will never go down. But if you’ve[...]

Gold Climbs Above $1320/oz Ahead Of US Federal Minutes – Holding onto 2014 Gains

by Reuters LONDON: Gold prices firmed on Wednesday, climbing back above $1,320 an ounce, as fresh inflows into bullion-backed funds indicated rising investor confidence the metal ahead of the release of the latest Federal Reserve minutes. The world’s largest gold exchange-traded fund, New York-listed SPDR Gold Shares, reported a second straight session of inflows on Tuesday, taking its[...]

Dow 17,000 is on the wrong side of history – MarketWatch

David Weidner's Writing on the Wall - July 8, 2014, 6:16 a.m. EDT Opinion: Since 1929, stock-market rallies have had things in common that this one doesn’t SAN FRANCISCO (MarketWatch) — Today’s bull market is the fourth biggest since the 1929 crash after stocks have nearly tripled since the financial-crisis low set in early 2009. But more than any modern bull market, this one stands[...]

This Rolling Crisis Is About To Get Very Ugly – Richard Russell

From King World News: At nearly 90 years old, the Godfather of newsletter writers, Richard Russell, warned that he expects this ongoing crisis to get very ugly. He also believes that we are seeing the end of a historic event. The 60-year market veteran described the feeling as the same thing he felt as World War II was coming to a close. Russell: “In the 56 years I've been writing Dow Theory[...]

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