Archive For: July 2015

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Listen Up-------They Do Ring A Bell At The Top

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Ron Paul Nails Gen. Wesley Clark: Is He Kidding, Internment Camps?

Last week, Retired General Wesley Clark, who was NATO commander during the US bombing of Serbia, proposed that “disloyal Americans” be sent to internment camps for the “duration of the conflict.” Discussing the recent military base shootings in Chattanooga, TN, in which five US service members were killed, Clark recalled the internment of American citizens […]

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When $93 Billion In Post-Dated Checks Wasn't Enough: Lessons From Kuwait's Souk al-Manakh Stock Bubble Of 1980-1981

A peculiar Kuwaiti custom allowed traders to pay for stocks using post-dated checks, under the assumption that default would be unthinkable. Unsurprisingly, human avarice prevailed as some traders speculated in stocks paid for by billions of dollars worth of unsecured checks, causing the stock market to inflate like a balloon and pop in a most analogous manner.......

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Keynesians Looking For "Missing" GDP Fail To See Actual Lost Recovery

With the advance report on GDP for Q2 set to be released this week, economists are working hard to explain why it doesn’t represent the utopian delivery that they swear had already occurred via monetary intervention. There is, in immediate terms, the universal appearance of “residual seasonality” in the past few months as an almost...

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Turkey’s Geopolitical Gyrations-----Rooted In Erdogan's Thumping In The June Parliamentary Elections

After the rebuff to the ruling AK Party (or AKP) in the June elections that caused it to lose its majority in parliament, Erdoğan is now desperately trying to recover, find a reliable partner for a coalition government and, in its absence, to force new elections next month in the hopes of recouping his majority.

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More Washington Madness: To Get Turkey To fight ISIS, Obama Unleashed Erdogan To Bomb The Kurds

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Ten Indications Iran Wants Business, Not Bombs

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No 'Escape Velocity' In New Homes Sales------Still At 1990-1991 Recession Pace

The housing market has failed to perform as expected on either side. Instead, as far as a broader set of measures, real estate is in a bit of stasis, neither really growing nor falling apart. Given the set of mainstream economic expectations, that is confounding and could ultimately be a problem. If the economy is...

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Technically Speaking: A Sellable Rally

"Technically Speaking" is a regular Tuesday commentary updating current market trends and highlighting shorter-term investment strategies, risks, and potential opportunities. This commentary also updates the more detailed analysis and allocation model ...

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Durable Orders Slump Deepens-----Core CapEx Now Down 5%

The benchmark revisions (trend-cycle) to durable goods left us with a smaller estimated economy but that wasn’t supposed to be a problem because all that matters supposedly is what comes next. In other words, the cycle was already deficient so the scale of that deficiency was not meant to suggest anything about the next phase,...

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