Gallup Slams Lid On Hopes for US Economy »

Wolf Richter Consumers are “straining against rising prices on daily essentials to afford summer travel, dining out, and discretionary household purchases – the kinds of purchases that ordinarily…

Jul 12 2014 / Read More »

Rizzo on Cochrane »

Several days ago I highlighted John H. Cochrane’s critique of modern macroeconomics. In today’s Wall Street Journal Austrian Economist Mario J. Rizzo provides an excellent comment Cochrane’s defense of modern modeling techiniques. “Mr. Cochrane’s excessive…

Jul 11 2014 / Read More »

UK Economy "Boomerang'd" As Russians Shun $719 Bottles Of Cristal »

The UK had feared whiplash from sanctions on Russian oligarchs but this 'boomerang' is too much to bear... As Bloomberg reports, “We’re…

Jul 11 2014 / Read More »

Write-Offs: 07.11.14 »

$$$ Investors Pull Assets from Boaz Weinstein Saba Capital Hedge Fund [WSJ] $$$ What’s next for CYNK traders and promoters? [CNBC]…

Jul 11 2014 / Read More »

Silver Ends Week With Best Run In 3 Years »

Silver closes at a 4-month high as the grey metal closes green for the sixth week-in-a-row. This is the longest winning streak since…

Jul 11 2014 / Read More »

T.I.G.E.R. Valley Bug Out Drill »

Bug Out Drill - Waco, TX When: Saturday, Oct 4, 2014 Where: Joe Russell Rd & Hwy 84, Prairie Hill, TX    Description/Course Description/Equipment…

Jul 11 2014 / Read More »
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Does the Fed Really Believe What it Says? What About Krugman? »

In response to BIS Slams the Fed; Ridiculous Question of the Day: "Is The Fed Going To Attempt A Controlled Collapse?" a number of people commented the Fed cannot be so stupid as to think there is no asset bubble. Here are some examples:Gordon says " The Fed is not stupid and…

Jul 11 2014 / Read More »

SEC, FINRA Halt CYNK Freefall At 33% »

You can’t trade the revenue-less, asset-less, member-less social network for two weeks, because, well, you know. The stoppage was ordered at 8 a.m. EDT by the Financial Industry Regulatory Authority for an “extraordinary event,” according to the OTC Bulletin Board. At 9:30 a.m.…

Jul 11 2014 / Read More »

5 Things To Ponder: The Everything Boom »

Submitted by Lance Roberts of STA Wealth Management, Earlier this week I posted an article discussing signs of "market exuberance" which including a link to a Neil Irwin, NYT, article entitled "Welcome To The Everything Boom." The article is well worth reading, but Neil asks…

Jul 11 2014 / Read More »

Bill Ackman Pretty Sure Seriously Overvalued »

By day, Jeff Klaips manages a construction clean-up company in a Chicago suburb, but he’s also looking to make a pretty penny from the sale of and He’s been trying to…

Jul 11 2014 / Read More »
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Watch As 6.8 Magnitude Quake Shakes The Fukushima Nuclear Power Plant

Fast forward to 1 minutes 6 seconds into the clip (equivalent to 4:22am local time, and where every second is equvalent to 6 seconds in real-time) to see what the 6.8 magnitude earthquake, which we reported…

Jul 11 2014 / Read More »

6.8 Magnitude Earthquake Strikes Near Fukushima, Tsunami Warning Issued

Moments ago, at 4:22am local time, a major 6.8 magnitude quake struck eastern Japan, off the Fukushima coast. FLASH:M6.8 QUAKE JOLTS OFF FUKUSHIMA, JAPAN, TSUNAMI ALERT EARTHQUAKE EARLY WARNING ISSUED…

Jul 11 2014 / Read More »

UN Demands Europe "Open Its Doors" As Syrian Refugees Reach "Saturation Point"

Syrian refugees, whose numbers are set to pass 3 million in the next few weeks, are almost all in Lebanon, Jordan and Turkey, with smaller numbers in Iraq and Egypt. But, as Reuters reports, that looks…

Jul 11 2014 / Read More »
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