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
Could it be possible that this coronavirus outbreak will be the trigger that finally bursts the biggest stock market bubble in U.S. history? As I have discussed previously, stock prices in the United States were the most overvalued that they have ever been during the month of January, and our stock market has never been… Read More
Summary: New York Post reports first Coronavirus case in Queen, but NYC health spokesman denies. Confirmed cases worldwide rise to 9,928 from 7,700 a day earlier, with 213 fatalities. UK Researchers suggests 75,800 infected in Wuhan Impact of virus “not fully reflected” in rigged China PMI number Goldman disagrees with Ross, says virus blowback will… Read More
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
President AMLO put it this way: “There may be no growth but there’s development and well-being, which are different.” By Nick Corbishley, for WOLF STREET: For Mexico’s economy, 2019 was not a good year. The country entered a mild technical recession in the first half and by the end of the year had registered its first annual… Read More
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
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
Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, your finances, and your prosperity. Pedophile released from prison due to sex change Joseph Matthew Smith molested 15 children, and his victims were as young as one year old.… Read More
Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, your finances, and your prosperity. Pedophile released from prison due to sex change Joseph Matthe Smith molested 15 children, and his victims were as young as one year old.… Read More
SOUTH Africa’s beleaguered power utility, Eskom, told its customers to brace for regular rotational power cuts over the next 18 months as it embarks on an aggressive maintenance plan to overhaul its ageing coal-fired plants and halt a prolonged period of unexpected breakdowns. The stepped-up maintenance programme is intended to stabilise the country’s neglected power… Read More
Eskom’s De Ruyter opens account with warning to brace for more frequent, heavier loadshedding The post Eskom’s De Ruyter opens account with warning to brace for more frequent, heavier loadshedding appeared first on Miningmx. Source: miningmx.com
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’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 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 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
January 31, 2020 by SchiffGold 0 0 The Federal Reserve held its first FOMC meeting of 2020. It was mostly met with yawns as the Fed held rates steady, and despite a somewhat dovish tone, indicated that it probably wouldn’t make any moves on interest rates this year. We’ve grown so used to low interest rates that it… Read More
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
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
(Adds plan to lower financing costs, quotes) By Emma Rumney JOHANNESBURG, Jan 31 (Reuters) – The new chief of South Africa’s Eskom is in the process of appointing boards for the separate generation, transmission and distribution units to be formed in the planned break-up of the state power utility, he said on Friday. South African… Read More
THE Democratic Republic of Congo (DRC) has created a state-owned monopoly that will buy cobalt mined by its rapidly developing artisanal sector, said Bloomberg News citing a previously unreported government edict issued in November. According to the newswire, the creation of the company is a signal the state wants to play a greater part in… Read More