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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The beginning of the end for the "petrodollar"?

“Numerous reports point out that Saudi Arabia has been one of the main forces pushing the US for a military intervention in Syria. Prince Bandar bin Sultan, the chief or Saudi intelligence, has offered to pay Washington for all expenses incurred during the intervention and some reports claim that he has threatened Vladimir Putin with […]

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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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World's first bitcoin ATM to launch this week

“The world’s first bitcoin ATM will go live in Vancouver, Canada on Tuesday. Built by company Robocoin, the ATM will trade the digital currency for cash and vice versa. Bitcoin is the world’s most popular electronic currency and it previously existed only on the internet but can now be traded for traditional cash. The Robocoin […]

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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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The Fed is Making You Poor

“The Federal Open Market Committee (FOMC) is set to meet on October 29 and 30, when it will release its current statement on monetary policy. The FOMC is made up of 12 voting members. This includes the seven members of the Federal Reserve Board, the president of the New York Fed, and four other Fed […]

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