There Is No Spending Growth
Submitted by Jeffrey Snider via Alhambra Investment Partners, The fiscal year for retailers ended in January with nothing like what it was supposed to be. Still, as always, the suggestions…
The Curious Case Of The 550 Million Missing Barrels Of Crude Oil
Even as US crude oil inventories just hit a fresh record high for another week, both in Cushing and across all other regions, a more curious accumulation of excess oil…
Former Fed President: “We Injected Cocaine And Heroin Into The System To Create A Wealth Effect”
Just two months ago, former Fed President Dick Fisher admitted that “The Fed front-loaded an enormous market rally in order to create a wealth effect.” Today he is back, taking…
Washington Post Ran 16 Negative Stories On Bernie Sanders In 16 Hours
Submitted by Adam Johnson via CommonDreams.org, In what has to be some kind of record, the Washington Post ran 16 negative stories on Bernie Sanders in 16 hours, between roughly…
The “Smart Money” Is Quietly Getting Out Of Dodge: Sells For A Sixth Straight Week As Buybacks Soar
One week ago, when looking at the latest BofA client flow trend monitor, we noticed something strange: despite the S&P’s surge higher due to either a record short squeeze or…
Kiwi Plunges As New Zealand Announces “Surprise” Rate Cut, Warns On China
They don’t call it a “currency war” for nothing. Moments ago, the RBNZ cut rates by 25 bps to 2.25% in the latest shot across the bow in what is…
Dear Ms. Merkel, Be Careful What You Wish For
Submitted by Raul Ilargi Meijer via The Automatic Earth blog, “Those are my principles, and if you don’t like them… well, I have others.” – Groucho Marx What is perhaps…
This Is Jeff Gundlach’s Favorite (& Scariest) Chart
According to DoubleLine’s Jeff Gundlach, this is his favorite chart – backing his persepctive that equity markets have “2% upside and 20% downside) from here. In his words: “These lines…
What Matters Most?
Via ConvergEx’s Nick Colas, Today we engage in a simple thought experiment: what 3 pieces of information would you need to confidently call the 2016 end-of-year level on the S&P…
Breaking! 92% Of Travellers Write Off Nigerian Airports, ‘Experience Below Acceptable Standard’
A research conducted by local travel booking website, Travelstart, has revealed the grim state of affairs at Nigerian airports with almost all air travellers expressing disgust and rating their airport…