With cash-paying investors on full retreat, existing home sales dropped 1.8% in August, according to the National Association of Realtors.
Arrogance cost former French president Nicolas Sarkozy the election in 2012. What's changed? Nothing.
The French protest underscores the stupidity of sanctions. No one wins. Russia does not get fruits and vegetables, but European growers lose income.
A Fiscal Times, Yahoo Finance article by by John Grgurich claims that Instead of QE, Fed Could Have Given $56,000 to Every Household in America.
Following on the "success" of their last plan, which did nothing to spur lending and everything to create the biggest sovereign bond bubble the world has ever seen, ECB president Mario Draghi announced a a brand new failure...
In yet another sign of market over-exuberance, the Wall Street Journal reports Share Repurchases Are at Fastest Clip Since Financial Crisis.
In spite of the fact the Socialist party holds a majority of just 1 in the 577-seat lower house, French prime minister Manual Valls hopes to stabilize things with a Second No Confidence Vote in Six Months.
A Barclays' survey of over 2,000 individuals with a net worth over $1.5 billion contains some pretty interesting results.
In a Scottish Poll Roundup one new poll over the weekend shows the "Yes" vote with a substantial 54-46 lead, but most polls show the "No" vote with a tiny lead.
Malinvestment is already rampant. Additional stimulus now to meet arbitrary growth targets will cause a crash later.
Fearmongering in Scotland hits fever pitch as RBS and four other banks threaten to leave the country if Scotland votes "Yes" for independence.
A recent poll showed support for a "Yes" vote for Scotland independence went into the lead for the first time, overcoming a 20 percentage-point deficit.
Venezuela has nice oil reserves but the government is spending more cash than it receives from pumping oil. Investors are finally starting to realize Venezuela may run out of money and will be forced to default on bonds.
A chart of hours worked shows the average work week has returned to pre-recession levels.
The tit-for-tat sanction madness in Europe took a huge leap forward today with new sanctions in the work on Russian energy companies.
Her father, Jean-Marie Le Pen once shocked France by taking Front National to round two in the 2002 election, but was defeated by incumbent president Jacques Chirac who obtained 82% of the votes.
"The global financial system is certain to face a full blown banking crisis. We don't know when there will be a global banking crisis and how it will play out, but it is certain there will be one."
The payroll survey shows a net gain of 162,000 jobs vs. an expectation of 230,000 jobs. This broke a six-month string of +200,000 jobs. Digging into the details, things look far worse.
Voters disagree with Obama on every aspect of immigration, even to the point of asking for a Congressional challenge in court should the president act alone. Will this stop Obama?
The economy is is getting better for some, but more say it's getting worse. In aggregate, people do not buy this recovery talk. Should they?
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for September 22nd, 2014 | John Ransom
In Other News: Bi-Partisan Agreement that Debbie Wasserman Schultz is a Horrible Person | Michael Schaus