Contrary to conventional wisdom, extremely low initial unemployment claims have an ominous track record. Since the initial unemployment claims data first set a record low in September 2013, I…
Lindsay Williams of South Africa’s Fine Business Radio and CNBC Africa chatted with me today about the Fed, the end of QE, and inflation.
Listen here or the player below.
No, this isn’t about liar loans. It’s about the liars in the financial “news” media who twist the facts to suit whatever their point happens to be that day. Here are the facts about bank lending in the US.
Lee Adler looks at the latest real time consumer price data for August, recent patterns in bank trading and investment accounts, and macro liquidity flows that suggest it’s still too soon to turn outright bearish. Subscribers may click here to open…
Lee Adler shows where the market is likely to top out and when that’s likely to happen, along with what to look for that would signal the crash that so many bears are expecting. Subscribers may click here to open or…
Early openers crunching upwards: Kiwis +0.2%, Aussies +0.3%, Nikkei +0.2% and Sth Korea +0.6%.
Modest motion in Aussie sectors: Energy +0.9% down to Miners -0.5%.
The $17 billion settlement reached today (Thursday) between the U.S. Department of Justice and the subprime mortgage meltdown progenitor, Bank of America Corp. (NYSE: BAC), is the largest penalty of its kind in U.S. history.
But it’s still not enough.
Today’s gold prices fell to levels not seen since mid-June.
CUSIP: 912828C99Term and Type: 4-Year 8-Month TIPSSeries: X-2019Reopening: YesInterest Rate: 0.125%High Yield: -0.281%Price: $103.623896Allotted at High: 52.23%Total Tendered: $39,686,578,200Total Accepted: $16,000,008,200Auction Date: 08/21/2014Issue …
Today was a pretty big day for U.S. manufacturing data, with the release of an advance August survey by the respected research firm Markit.com, and of the Philadelphia Federal Reserve bank’s closely watched gauge of manufacturing activity in some of the middle Atlantic states.