Originally posted at the Stool Pigeons Wire Bears won the screen game from yesterday 35-26. That follows a 29-12 bull victory and Tuesday’s 56-14 bear swampage. We had just that one bull sided victory this week. Even Monday’s action tilted to the bears 22-8. Small numbers, but a canary in the coal mine. This is…
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The Federal Reserve: Illusion of Understanding, Illusion of Control
by Charles Hugh Smith • • 0 Comments
The net result is nonsensical policies that fail to achieve their stated objectives.We live in an era of illusion: the illusion of understanding, and the illusion of control.Few institutions reflect these illusions better than the Federal Reserve,…
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The Real Message in Wal-Mart Stock’s $18 Billion Plunge (NYSE:WMT)
by Keith Fitz-Gerald • • 0 Comments
Wal-Mart stock lost $18 billion in value this Wednesday after management revealed the company may take up to a 12% earnings hit in 2017.
But the real story here has nothing to do with Wal-Mart itself.
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The New Cold War Battlefield… and How It Will Affect Oil Prices
by Dr. Kent Moors • • 0 Comments
What is transpiring in geopolitics prompts me to recall the depths of the Cold War.
Back then, the two superpowers – the United States and Russia – contested for leverage wherever they could.
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Bernie Sanders’ Debate Performance Brings in $1.3 Million in Donations
by Diane Alter • • 0 Comments
Bernie Sanders’ debate performance Tuesday night brought in $1.3 million in donations in just four hours following the event.
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Bernie Sanders’ Debate Preparation Is Highly Unorthodox
by Money Morning Staff Reports • • 0 Comments
Like the politician himself, Bernie Sanders’ debate tactics and preparations are a little bit unorthodox.
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Why the Price of Gold Hit a 7-Week High Today
by Diane Alter • • 0 Comments
The price of gold hit a seven-week high today (Monday) as investors believe the U.S. Federal Reserve will delay its first interest rate hike in nearly a decade until sometime in 2016.
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Time to Trade in Your Jag, Benz, BMW for a Dented Econobox: Days of Rage Are Coming
by Charles Hugh Smith • • 0 Comments
The resistance will take the form of subverting the signifiers of wealth that exemplify the few who have benefited so greatly while everyone else lost ground.It’s time to trade in your Jag, Mercedes, BMW (and maybe your Prius, Volvo, Lexus, etc.) befor…
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The Full Cost of “Government Shutdown 2015”
by Tara Clarke • • 0 Comments
Government shutdown 2015: The full cost of a government shutdown that lasted 16 days in October 2013 was staggering – it delivered a $24 billion blow to the U.S. economy and taxpayers.
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Carly Fiorina’s “Mountain of Debt” Dig on Donald Trump Doesn’t Cut Too Deep
by Tara Clarke • • 0 Comments
Almost exactly an hour and a half into the CNN debate last night, Carly Fiorina and Donald Trump got into a scrap about their entrepreneurial track records. A moderator pitted the GOP candidates against each other when he asked who, between the two of them, would be better at job creation? “You ran up mountains of debt at your casinos, and you were forced to file for bankruptcy a record four times,” Fiorina said to Trump. “Why should we trust you to manage the finances of this nation any differently than the way you’ve handled your casinos?”
