Pundits poring over the statement have generally concluded as does the Financial Times, that Fed Signals Tightening by Mid-2015. Why?
If one looked at the open vs. the close the move was only 3.18%. However, the move bottom to top was 25.64%!
The city of Scranton hiked property taxes 57% and garbage collection fees 69% to shore up a police and fire pension funds that will run out of money anyway, in 5 years and 2.5 years respectively.
Rumor has it that Draghi is so fed up with German opposition to everything he wants to do with stimulus and sovereign debt bond buying that he is about to leave the ECB.
A move is underway in France to cut aid to movies if the salaries of the stars is too high a percentage of the cost of production.
Recently, several people emailed me stating an observation that gold is directly correlated to movements in the Yen.
Energy production is extremely capital intense, and often accompanied by negative free cash flow.
Spain wants 60 Billion. How much will France want? Greece? Portugal? Germany? How far will 315 Billion go?
Monday, Greek prime minister Antonis Samaras called a snap presidential election hoping to retain power even though he failed to deliver on his promise to end Greeces 245bn troika-sponsored bailout.
Now that home prices have recovered and homes are not the bargain they were four years ago, it is fitting the parasites once again want to make homes "affordable" to the masses with low-down payment options.
Encouraged by the US, Ukrainians overthrew a Russian-leaning government. The new thugs sought closer ties to Western Europe.
This was the largest monthly drawdown in 13 years and the largest series of drawdowns since 2007 (drawdowns in red on above chart). So, where's the gold going?
The payroll survey shows a net gain of 321,000 jobs vs. a Bloomberg consensus expectation of 230,000 jobs. September was revised up from 256,000 to 271,000. October was revised up from 214,000 to 243,000.
In spite of a sustained rally in home prices, the October Black Knight Financial Services Mortgage Monitor shows Four million borrowers currently underwater.
A week ago Fed Governor Dudley announced "U.S. Economic Outlook Looks Brighter". My response was Ring! Ring! Goes the Bell.
Having already thrown 240 Billion at Greece over the last four years, the Greek patient is still quite ill as Europe Debates Third Bailout Package for Athens.
Gold, silver, and oil put in pretty spectacular reversals on Monday from Friday Noon. Let's take a look.
The only beneficiary of the inane sanctions has been China.
In spite of the Yen falling 35% since 2011, Japan once again borders on deflation.
Is traffic up or down? Perhaps it varies by region. Two safe bets: Online shopping is up, and Black Friday is losing importance as shopping is spread out over more days.
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NEW TIME Today, at 9:30 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for December 17th, 2014 | John Ransom
NEW TIME Today, at 9:30 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for December 15th, 2014 | John Ransom