When Genius Fails Again, Part II

This post When Genius Fails Again, Part II appeared first on Daily Reckoning. Where were we? Ah, yes… the sword of Damocles hanging over the global economy. … [Read More...]

Gold and Commodities taken to the wood shed on Durable Goods report

Commodity Trader … [Read More...]

Stalking a “Sneaky Breakout” — Here’s What to Do Now

This post Stalking a “Sneaky Breakout” — Here’s What to Do Now appeared first on Daily Reckoning. Tired of this boring sideways market? … [Read More...]

GDP, Inflation, Employment Economic Statistics: It’s All a Lie

Rodney Johnson writes: I’m not much for glossing over the true state of affairs just to make things look better, which is why I take issue with many government reports. When it comes to providing clear information on the economy, the U.S. government is more late-night pitchman than serious news anchor. And to make matters worse, many of the numbers they peddle have been “adjusted” so that reports show better results. … [Read More...]

The Truth Behind Wall Street Stock Winners

We all know there’s manipulation on Wall Street. There are companies that are much stronger than their fundamentals would suggest, and it laughs in the face of free market capitalism as it was originally intended. But it’s not just Wall Street that’s to blame… The concept of free markets suggests that they work best when they’re run from the bottom up, not top down. “The invisible hand” was first brilliantly explained by Adam Smith in The … [Read More...]

USD Seems Quite Strong Against GBP and JPY

Cable is not so aggressively down at the start of this week, but still bearish with no overlaps. We see an impulse in progress towards lower levels, within an extended blue wave (iii). GBPUSD 1h Elliott Wave Analysis … [Read More...]

Gold and the Suicidal Credit-Based Money System

Bill Bonner wrote a hypothetical college graduation speech which he did not present.  What he would have said included: “You are heirs to claptrap, nonsense, bogus theories, and trillions of dollars in debt.  The systems, programs, and institutions your parents set up are mostly worthless scams. Worse, they produce outcomes contrary to their stated goals. … [Read More...]

U.S. Fed Considers a More Seasoned Approach

Just as the steady torrent of awful economic data, which began in the First Quarter and continued well into April and May, had forced many market analysts to grudgingly concede that 2015 would not see the robust economic growth that most had expected, the statisticians arrived on the scene like a cavalry charge and routed the forces of pessimism with a wave of their spreadsheets. … [Read More...]

Introduction to Peak Food

Your high-tech toy watch won't buy you an egg. To date, the U.S. is on course to destroy 40,721,073 birds, mainly laying hens. Yes, elves at USDA do like precision in their numbers. Those birds are the casualty of pathogenic avian influenza outbreak. Despite the state of today's technology, eggs still come from chickens not from factories or 3-D printers. And eggs are not the only Agri- Commodity that has defied both technology and conventional wisdom. By the way, U.S. egg prices are up … [Read More...]

John Nash RIP: “Beautiful Mind” Game Theory May Lead to Gold Standard

gold.ie … [Read More...]

Should We Dump the Euro?

The Greek drama continues to unfold with the risk of a “Grexit” becoming increasingly likely. Yet, a large majority of the Greek people want to keep the euro. This would force the Greek government to live within its means, which isn’t a bad thing. With anti- austerity parties gaining strength continent wide, Greece may be the first, and not the last, to leave. Yet, the problem in Europe is not the euro, but excessive government regulations, spending, and taxation. … [Read More...]

Credit Card Interest Rates Rise to Record High While Rewards Dwindle

Rachel Springall, Finance Expert at Moneyfacts.co.uk, comments: “Behind the spotlight on trendy introductory credit card offers, the cost of debt has risen to a record high of 20.6% APR*. At the same time, fears for the future of reward cards have increased, as their demise in the wake of the new ruling by the EU on interchange fees becomes a distinct possibility. … [Read More...]

A Geopolitical Net Assessment of Europe

Last week I began this series with a Net Assessment of the World, in which I focused on the growing destabilization of the Eurasian land mass. This week I continue the series, which will ultimately analyze each region in detail, with an analysis of Europe. I start here, rather than in the Middle East, because while the increasing successes of the Islamic State are significant, the region itself is secondary to Europe in the broader perspective. The Middle East matters, but Europe is … [Read More...]

U.S. Congressional Sellout on TPP Fast Track

There is a simple reason why the Congress is held is such ill repute. Leadership in both parties are total agents for the Plutocrats that have systematically destroyed our economy with their globalist corporatist model that results in national impoverishment. The only startling pattern to this bipartisan betrayal is that the public continues to accept their excruciating … [Read More...]

Stock Market Top in Place?

Current Position of the Market SPX: Long-term trend - The bull market is still intact. Intermediate trend - Are long-term cycles sketching an important top? Analysis of the short-term trend is done on a daily basis with the help of hourly charts. They are important adjuncts to the analysis of daily and weekly charts which ultimately indicate the course of longer market trends. … [Read More...]