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via DAVID SCUTT Iron ore prices have collapsed, logging the largest decline in years on Monday. And in the case of lower and higher grades, the largest plunge on record. According to Metal Bulletin, the spot price for benchmark 62% fines tumbled 8.4% to $64.25 a tonne, its largest one-day percentage drop since April 12 last … Read more
via Sally Bakewell Investors pulled cash from funds that invest in leveraged loans, while high-yield debt draws scrutiny from the Federal Reserve for losses it could inflict on investors in a downturn. Mutual and exchange-traded funds saw outflows of $1.32 billion in the week ended Nov. 28, the third-biggest exodus this year, according to data from Lipper. Their junk bond counterparts also … Read more
via Jill Mislinski, Let’s examine the numbers and study the relationship between margin debt and the market, using the S&P 500 as the surrogate for the latter. The first chart shows the two series in real terms — adjusted for inflation to today’s dollar using the Consumer Price Index as the deflator. At the 1997 start … Read more
by Dana Lyons Formerly lagging equal-weight indices are attempting a comeback — a development which would bolster the odds of a significant rally. This past summer, we began detecting signs of a thinning out of the U.S. equity rally, a trend which would eventually contribute to the recent market correction. One manifestation of that internal weakening … Read more
by Troy The S&P 500 is sitting right under its 200 day moving average right now. The stock market is demonstrating various late-cycle signs. These late-cycle signs are not immediately long term bearish, but it demonstrates that the long term winds will change in 2019. Let’s determine the stock market’s most probable direction by objectively … Read more
From Kitco: Heavy machinery and extreme heat are required to melt gold, but a group of scientists accidentally managed to melt gold at room temperature, making a new scientific breakthrough. All scientists know that gold’s melting point is 1,064.18 degrees Celsius, which is why an international group of scientists from Sweden and Finland was surprised when … Read more
by Michael Snyder We just got more evidence that our planet is becoming increasingly unstable. On Friday a magnitude 7.0 earthquake destroyed homes, ripped apart roads and destroyed infrastructure all throughout Anchorage, Alaska. According to the USGS, the earthquake hit at 8:29 AM and the epicenter was approximately 7 miles north of Anchorage. That quake was … Read more
With perfect timing as the new government embarks on restructuring Mexico’s oil industry. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Mexico’s embattled oil giant Pemex has almost tripled its estimate of the potential reserves offered by Ixachi, a recently discovered onshore oil field in Veracruz. The field, located to the south of the … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter After the hullabaloo on Wall Street and in the media about the comments made by Fed Chairman Jerome Powell and Vice Chairman Richard Clarida this week, the Fed released the minutes of the FOMC meeting on November 7-8. The WOLF STREET Fed hawk-o-meter checks the minutes for signs that the Fed believes the economy … Read more
via visualcapitalist: The Chart of the Week is a weekly Visual Capitalist feature on Fridays. Blockchain can be an elusive concept. Its abstract nature leaves many wondering if this emerging technology is the global catalyst evangelists claim it to be. But blockchain is more of a tool than a catalyst – not a one-size-fits-all, but a new foundation … Read more
For More Information See: https://dailycaller.com/2018/11/29/fb… https://www.cnsnews.com/blog/michael-… https://dailycaller.com/2018/11/29/go… https://www.thegatewaypundit.com/2018…
From Birch Gold Group In a speech on Wednesday, Federal Reserve Chairman Jerome Powell stated that he had a “neutral” outlook on rates. According to a CNBC article, he was quoted: Interest rates are still low by historical standards, and they remain just below the broad range of estimates of the level that would be neutral for … Read more
by John Rubino Peter Schiff: “We’ll have to finance this debt the old fashioned way, though inflation – just like any other banana republic” … Catherine Austin Fitts: “Always have enough gold to bribe the border guards” … Chris Hedges: “We’re crucifying Julian Assange” … Jeff Berwick: “The biggest crash in human history is coming” … Read more
by DCG Jesse Ventura: A legend in his own mind/Instagram photo This douche bag won’t get many votes from the military and patriotic citizens. From Fox News: Jesse Ventura is considering running against President Donald Trump in 2020 — and the former pro wrestler is confident he can deliver a DDT to DJT in the election. “I haven’t made … Read more
https://twitter.com/oli_hood/status/1068264845173243905 something is not right if the stock market needed this much fake trade news & Fed dovish comments pic.twitter.com/BUan5T7QoT — Alastair (@StockBoardAsset) November 29, 2018 nothing to see here pic.twitter.com/U1ErwHzqg1 — Alastair (@StockBoardAsset) November 29, 2018 Fund Mgrs See Global Margins To Decline – 47 % of fund managers B of A surveyed see … Read more
https://twitter.com/NorthmanTrader/status/1068203987147677697 The latest #Fed minutes show concern about growth in leveraged lending. Read #IMFBlog to find out more about the risks https://t.co/bIKx1nbBqz #debt pic.twitter.com/PymDKab4Pw — IMF (@IMFNews) November 29, 2018 Non-financial corporate debt is at a record high of $75 trillion – up by $16 trillion since the 2013 taper tantrum. pic.twitter.com/9qa1V6L3Vt — IIF (@IIF) … Read more
#China Nov manufacturing PMI slows to 50 (from 50.2) – note that below 50 is contraction from the previous month. We are here: NO GROWTH of manufacturing. Services slow too. Composite to 52.8 from 53.1 – activity definitive slower. So when Xi meets Trump, this'll be on his mind pic.twitter.com/pcpIrXbzuQ — Trinh (@Trinhnomics) November 30, … Read more
via eyeball1234: Here’s the output for Sofia, using the same assumptions from the chart. Interested to hear your thoughts. https://imgur.com/a/BDW9nbd
via UKHouseOfCommons: Sources: European Commission data Tools: PyQGIS API, GIMP, Adobe Illustrator This graphic shows the distribution of European Regional Development Fund, European Social Fund, Cohesion Fund and the European Agricultural Fund for Rural Development from 1989 to 2015. If you want more information on EU funding for regions within its member states, you can find it … Read more