by Michael Snyder via The Economic Collapse blog, #1 When Barack Obama entered the White House, the U.S. government was 10.6 trillion dollars in debt. Today, the U.S. government is 19.5 trillion dollars in debt, and Obama still has several months to go until the end of his second term. That means that an average of more than…
Was going to post weekend report but want it to be short. Tonight is the debate. But yesterday, Arnold Palmer passed away. Mr. Palmer was my idol when I was a young child along with Willie Mays in baseball. I had heard of his failing health but one still does not want to hear the…
Stocks rallied on Thursday one day after the Bank of Japan and the U.S. Federal Reserve fired their latest easy money bazooka’s. Economic data was mixed. Weekly jobless claims came in at 252k, beating the Street’s estimate for 261k. The Chicago Fed National Activity Index fell to -0.55, missing estimates for 0.15. The FHFA House…
Market Update: Stocks futures are quiet ahead of Friday’s open as the market pauses to digest a strong two day post Fed rally. Economic Data: Quiet day would be perfect. PMI Manufacturing Index Flash 9:45 AM ET Atlanta Fed Business Inflation Expectations 10:00 AM ET Patrick Harker Speaks 12:00 PM ET Regional Fed presidents panel 12:20 PM ET Robert…
Stocks rallied on Wednesday after the Bank of Japan and The U.S. Federal Reserve both erred on the side of more easy money. Before Wednesday’s open, the BOJ surprised the market and said it will target the yield curve and announced a new catch phrase: YCC (Yield Curve Control). The BOJ also left the door open…
“THE LAST WORD ON THE FED? DOUBT IT!” By Gary Kaltbaum- September 22,2016 We are in hopes this is the last time we have to talk about central banks for now because we must tell you, we are sick of it ourselves. But they run markets. They are the markets. They have put themselves into…
Market Update: Stocks futures are higher on Thursday as the market digests more dovish action from the U.S. Federal Reserve and the Bank of Japan. Economic Data: Exactly! Nasdaq at highs. Other indices now attempting to get back above 50 day. Jobless Claims 8:30 AM ET Chicago Fed National Activity Index 8:30 AM ET FHFA House Price Index 9:00…
On September 8-9, Janet Yellen sent out a couple of fedeads to talk tough about raising rates. On Friday,September 9, the Dow dropped over 400 points. On Monday, September 12, Janet Yellen sent out two more fedheads to completely roll back what was said on September 8-9. That was the end of any potential rate…
Stocks opened higher on Tuesday but drifted lower as the Fed and the Bank of Japan began their latest meetings on interest rates. Before the open, The Commerce Department said residential housing starts slid -5.8% to a 1.14 million annualized rate,missing estimates for 1.190 million. It also missed last month’s revised 1.21 million rate. The…
Another Fed day. Yippee! And then we get a presser. Double yippee! None of it matters to the economy. Unfortunately, central banks here and around the globe have enabled the build-up of massive debt and leverage. This is the headwind to economies growing. How can one grow when a government spends double what it spent…
