Italy never should have joined the euro, and the ECB can’t rescue it from its next crisis

Italian financial tremors are again rumbling dangerously. Yields on the country’s 10-year government bonds, which briefly topped 3% when President Sergio Mattarella temporarily stopped the 5 Star Movement and the League from forming a government, appear primed to rise even higher, potentially plunging Italy and the eurozone in an unmanageable crisis. Italy is not just a deeply troubled country, it ...

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31 Years Ago Today, “It Felt Really Scary” – The Fed Remembers ‘Black Monday’

Via FederalReserveHistory.org, Authored by Donald Bernhardt and Marshall Eckblad, Federal Reserve Bank of Chicago The first contemporary global financial crisis unfolded in the autumn of 1987 on a day known infamously as “Black Monday.”  A chain reaction of market distress sent global stock exchanges plummeting in a matter of hours. In the United States, the Dow Jones Industrial Average (DJIA) dropped 22.6 ...

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Quick Note About The Bullish Setup In The Gold Market

Here is a quick note about the bullish setup in the gold market. Bullish Setup In The Gold MarketOctober 22 (King World News) – Here is a a quick note on the setup in the gold market from Peter Boockvar:  For those paying attention to gold, the net speculative position as of last Tuesday according to Friday’s CFTC data went net long ...

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Has China Finally Lifted Its Thumb Off Of Gold?

Authored by Tom Luongo, There’s a lot of talk about the Yuan price of gold falling out of a price suppression channel.  Both Zerohedge and Nomura have weighed in on this. The Yuan price of gold surged overnight to above CNY 8500 per ounce which is a major breakdown  But it’s also indicative of something that has long been suspected during this ...

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Fear! Dow “Smart Money” Index Drops To Lowest Level Since April 2009 – Confounded Interest

confoundedinterest17 Bank of England, Bank of Japan, Banking, Currency, ECB, Economy, Fed, Greece, Italy, Powell, russia, Silver, SPX, Stocks, Trade, Treasuries, Treasury, TYVIX, Uncategorized, VIX, Volatility, Yellen October 19, 2018October 19, 2018 0 Minutes The Dow “Smart Money” Flow index has dropped to its lowest level since April 2009. The Smart Money Flow Index is calculated by taking the action ...

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Rising Home Prices Cause False Increase In Retirees’ Cost Of Living

This week the Social Security Administration announced a 2.8% Cost of Living Adjustment (COLA) will be added to benefit checks beginning in January 2019, the biggest increase since 2012. Even then, progressive groups complain that COLAs aren’t high enough to keep up with seniors’ cost of living. In fact, the COLA overstates increases in retirees’ costs of living, based on ...

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The Macro Tourist | THE MOST DANGEROUS SETUP

2018-10-18 1pm EDT  |  #China #stocks By necessity, today’s topic will venture into the world of politics, so I warn you now – you might be offended. Actually, I have decided to cut jabs at all politicians, so if you feel like your team has been maligned, just read on, I will probably be even worse to the other side. ...

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The Housing Bubble Has Popped…Are Stocks Next?

It is it increasingly likely that the bull market in the stock market is over. Here’s why… by Graham Summers of Gains, Pains & Capital It is looking increasingly likely that the bull market is OVER. The Russell 2000 (IWM) has lead the S&P 500 throughout the bull market begun January 2016. Over that time period, the Russell 2000 rose ...

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