Consumer Confidence Plunges Most In 2 Years

“Following the lowest UMich confidence print in 2013 [16], Gallup’s economic confidence collapse [17], and Bloomberg’s index of consumer comfort signaling major concerns among rich and poor in this country (in spite of record highs in stocks), today’s Conference Board Consumer Confidence data  continues to confirm a problem for all those ‘hoping’ for moar multiple expansion. From 80.2 in September, confidence […]

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Case-Shiller Beats: Bankrupt Detroit Among Top 5 Fastest Appreciating Housing Markets

“If yesterday’s collapse in September existing home sales was indicative that Housing is tumbling and it means the Fed will not taper until mid 2014 sending the S&P to a new record high, today’s August Case Shiller, which beat expectations of a M/M increase of 0.65% with a 0.93% print, and an increase of 12.82% […]

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September Retail Sales Come In Line With Expectations As Unclothed Americans Buy iPads

“Moments ago hopes that the S&P would hit 1800 on an epic miss in the September retail sales were dashed after both the headline and ex-auto/gas numbers came largely in line. The total Seasonally Adjusted retail sales for September dipped modestly by 0.1%, on expectations of an unchanged print. Excluding autos the number was exactly […]

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“Screen Traded Fiat Gold Could Get a Violent Wake-Up Call”

“Already more prudent hedge fund, investment and pension fund managers have liquidated their ETF positions in favour of allocated physical bullion. We would expect that trend to accelerate as prudent investors rightly seek to avoid the high level of counterparty and systemic risk associated with exchange traded gold and other forms of unallocated gold and paper gold.”   […]

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Obama administration knew millions could not keep their health insurance

“President Obama repeatedly assured Americans that after the Affordable Care Act became law, people who liked their health insurance would be able to keep it. But millions of Americans are getting or are about to get cancellation letters for their health insurance under Obamacare, say experts, and the Obama administration has known that for at […]

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JPM Sees "Most Extreme Ever Excess Liquidity" Bubble After $3 Trillion "Created" In First 9 Months Of 2013

“JPM’s Nikolaos Panigirtzoglou, editor of the “Flows and Liquidity” weekly research piece, is one of the greater experts on, not surprisingly, global monetary flows and liquidity. Which as we noted back in 2009, is all that matters in a world in which the micro, and recently the macro, have all been made obsolete by one […]

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Ron Paul: The Ideal Global Monetary System Is One Without Government

“The website Market Sanity published part of a conversation between Mike Maloney (founder of GoldSilver.com) and Ron Paul (former Congressman and free market enthusiast) which appeared on the Hidden Secrets of Money. ”   Continue reading on goldsilverworlds.com

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Austrian Economics Hits Mainstream Media

“One has to wonder if somewhere deep down a change is occurring in America. While stock prices soar to record highs, it is clear a growing number of ‘real’ people are realizing the nonsense that watching a ‘market’ as anything indicative of reality has become. The latest ‘shift’ is the appearance on New Orleans local TV […]

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Op Ed: Fed Should Get Out Of The Market's Way

“Gone are the days where people looked towards next year when building their portfolios, or five years down the road as they approach retirement. Now from a combination of apprehensiveness and shear paranoia in our unstable markets, investors are looking only as far as they can throw for their personal investment decisions.”   Continue reading […]

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Gold Closes out the Week Above the 50 Day Moving Average

“Trying to get a read on gold lately has been challenging to say the least. It has been up; it has been down; it has had some wild swings intraday and then sat there on other days. However, it has finally managed to end the week above the 50 day moving average. For you technical […]

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