I noted the other day that the dip in October wasn’t deep enough to break the cycle trendline. That caused me to speculate that October was a half cycle low and that a full cycle low was still ahead of us. It looks like we are heading down into that DCL now, and the trendline […]

Protect Your Savings With Gold: ECB Propose End To Deposit Protection New ECB paper proposes ‘covered deposits’ should be replaced to allow for more flexibility Fear covered deposits may lead to a run on the banks Savers should be reminded that a bank’s word is never its bond and to reduce counterparty exposure Physical gold […]

The latest issue of the NFIB Small Business Economic Trends came out this morning. The headline number for October came in at 103.8, up 0.8 from the previous month. The index is at the 93rd percentile in this series. Today’s number came in below the Investing.com forecast of 104.2. Here is an excerpt from the opening summary of the […]

It seems that the never-ending “thirst for yield” from the world’s massive pension funds, combined with the ever-present “cash on the sidelines” problem, is driving the creation of yet another global financial bubble in emerging market junk bonds. Alas, as the FT points out today, the world’s largest fixed-income investors can’t seem to get enough of the […]

Indian share markets finished the trading day on a weak note after retail inflation picked up to a seven-month high in October. At the closing bell, the BSE Sensex closed lower by 92 points and the NSE Nifty finished down by 38 points. The S&P BSE Mid Cap finished down by 0.22% while S&P BSE Small Cap finished down by 0.18%. Losses were largely […]