Extreme Risk Prevails but is More to Come?

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Stocks rocked as we saw the 3rd consecutive week of a breach of the expected move in the S&P after 23 straight weeks of no breach. Next week’s expected move is now the widest it has been in a long time. Will the volatility prevail or will the rally return? Lots to discuss in this… Read More

Modest Q4 GDP Growth & Improved Homeownership Rate

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2.1% Q4 GDP Growth Year over year GDP growth was 2.3% and quarter over growth was 2.1% which exactly met estimates and was at the high end of my expected range (1.7% to 2.1%). St. Louis Fed Nowcast was exactly correct even though its final reading doesn’t come out until Friday. This seems to have… Read More

South African logistics group Transnet appoints ex-govt official as CEO

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JOHANNESBURG, Jan 31 (Reuters) – South African state-owned logistics company Transnet has appointed Portia Derby as chief executive, the government said on Friday, filling a post vacant since late 2018 and tasked with rebuilding the group after corruption allegations. Derby is a former director-general of the Department of Public Enterprises. Transnet’s former CEO Siyabonga Gama… Read More

Fun on Friday: Beware of Fake Feds Selling Fake Gold!

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January 31, 2020  by SchiffGold  0   0 If some guy was trying to talk you into buying gold, would the fact he was an ATF agent make you more comfortable with the transaction? I’m just going to say upfront, my answer is an emphatic no. Maybe it’s just me, but “federal agent” doesn’t inspire a sense of trust.… Read More

Doctor Copper Strikes – A True Economic Barometer

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Copper has long been an excellent proxy for global economic health. It’s used in everything from washing machines to electric cars. That’s why copper is often referred to as “Doctor Copper” – because it can diagnose the health of the market. There’s been a lot of market sentiment that the bottom has been put into… Read More

Russia Threatens Facebook, Twitter With $100K Fines

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Russia’s communications watchdog said Friday it has launched fresh proceedings against Facebook and Twitter over their failure to comply with local data laws. The social media giants “have not provided information on the localization of Russian users’ database inside Russian servers on time,” the watchdog, Roskomnadzor, said. Roskomnadzor had issued a Jan. 31 deadline for… Read More

Quote Shakespeare and Lose Your Job

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Quote Shakespeare and Lose Your Job https://www.rt.com/uk/479572-alastair-stewart-race-shakespeare-twitter/  The post Quote Shakespeare and Lose Your Job appeared first on PaulCraigRoberts.org. Source: paulcraigroberts.org

Big Pharma Is a Criminal Industry 

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Big Pharma Is a Criminal Industry  https://www.lewrockwell.com/2020/01/joseph-mercola/new-jersey-defeats-mandatory-vaccine-bill/  The post Big Pharma Is a Criminal Industry  appeared first on PaulCraigRoberts.org. Source: paulcraigroberts.org

Tunisian annual inflation slows to 5.8% year/year

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People shop at a market in Tunis, Tunisia November 20, 2019. REUTERS/Zoubeir Souissi TUNIS (Reuters) – Tunisia’s annual inflation rate fell to 5.8% in January from 6.1% in December, central bank governor Marouan Abassi said on Friday. The central bank raised its main interest rate to 7.75% from 6.75% in February last year to combat… Read More

Stocks Finishing on Poor Note, while the Dollar and Bonds Firm

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Overview: It was as if the World Health Organization’s recognition of that the new coronavirus is an international health emergency was the catalyst that the markets needed. US equities recovered smartly and managed to close higher on the session. However, the coattails were short, and follow-through buying of US shares fizzled. In the Asia Pacific, Japan,… Read More