Fed Earmarked Gold Holdings Continued To Decline In October
Earmarked gold at the Federal Reserve dropped 42 tonnes for the month of October as foreign countries repatriate their gold.
EC Economists Ponder Whether Demographic Change Will Reduce The Potency Of The Fed’s Interest Rate Moves
from the Richmond Fed America, like many industrialized countries, is aging. The Census Bureau projects that by 2030, over 20 percent of U.S. residents will be 65 or older, up from 13 percent in 2010 and less than 10 percent in 1970. For elder-law attorneys and hearing-aid companies, the economic implications of this trend are […]
Walmart Charges Into New Highs
When defensive stocks lead the wider stock market higher while energy stocks sink, you know the engines of the major indexes are running on borrowed time, and soon the hope will fade. Walmart screams higher out of a base. You can clearly see WMT and XLP step up to higher prices. This is sector rotation […]
Treasury Yields Crater To 19-Month Lows After Stocks Close
Having already tumbled 10bps on the week, US Treasury yields plunged 4bps after the US equity market cash session closed… to the lowest 30Y yield close since May 2013. Yields tumbled after stocks closed… Closing at 19 month lows… Charts: Bloomberg
Krugman And Rogoff Peddling Toxic Advice
Here are a couple of reasons why Keynesian economists are truly a menace in today’s bubble ridden and debt-impaled world. It seems that both Harvard’s Kenneth Rogoff and Princeton’s Paul Krugman are on the global advice circuit, peddling what amounts to sheer snake oil to desperate politicians and policy-makers who have already buried themselves—-so far to no avail—-in […]
Avoiding Lost Decades: European Edition
From Liz Alderman in the NY Times today: Germany and France Aim to Avert a ‘Lost Decade’ The economy ministers of France and Germany called on Thursday for urgent overhauls and a series of investments in both countries to help prevent them and the eurozone from falling into a stagnation trap. This comes as news of increasing unemployment […]
Did We Just Witness The Last Great Black Friday Celebration Of American Materialism?
Americans are going to spend more than 600 billion dollars this Christmas season, and on Friday we got to see our fellow citizens fight each other like rabid animals over foreign-made flat screen televisions and Barbie dolls. As disgusting as this behavior is to many of us, there may soon come a time when we will all […]
EC 3 High Yield Stocks To Dump Before Christmas
As we move into December, now is the time to prime your portfolio for the coming year. Some stocks may have performed well for you in 2014, but 2015 is showing signs of above average volatility. Here are 3 stocks to drop and 3 stocks to replace them for your income portfolio. Once we own […]
Gold Price, Where Are You Going?
Analysts are still trying to figure out what gold will do next. It does not seem like the precious metal can get a break, and the long-awaited recovery has still not shown its face. Uncertainty has increased, as a consequence, and people can only guess what’s coming. Precious metal prices did recover a bit last […]
