To: 1010RD; A Cyrenian; abb; Abigail Adams; abigail2; AK_47_7.62x39; Alcibiades; Aliska; alrea; ...
A lovely new morning!
Stocks are steady moving slightly up in slightly higher trade while our gold and silver hoards hang on to $1,348.91 and $19.96. Futures promise more of the same for stocks but their a bit jumpy on metals @ -0.75%.
Data today:
8:30 AM Initial Claims
8:30 AM Continuing Claims
10:30 AM Natural Gas Inventories
11:00 AM Crude Inventories
3:00 PM Consumer Credit
fwiw:
Top 10 Lessons From 10 Years In The Trenches - Jason Trennert, Strategas
Stocks Inch Closer to 2nd Correction of '16 - Michael Gayed, MarketWatch
The U.S. Jobs Rebound Isn't Helping the 'Missing Men' - Conor Sen, BBW
Will Fed Deliver Another September Surprise? - Anthony Mirhaydari, TFT
Cash Is Freedom, Which Is Why Gov't Hates Cash - J.D. Tuccille, Reason
New Century Brings Big Downshift in GDP Per Capita - Alex Pollock, RCM
Fear Not, 'Brexit' Is Coming to America Too - Thomas Del Beccaro, Forbes
Couples' Money Secrets Imperil Retirement Dreams - Paul Katzeff, IBD
Threads:
To: expat_panama
They say “be careful what you wish for”. A recession at this time might actually save the country. Hillary will loose big, and Obama will not be turned into a FDR.
To: expat_panama
new orthodoxy is emerging in elite global circles that the only way to escape of the liquidity trap and soak up excess savings is concerted fiscal stimulus on a world scaleTranslation: 'we need to steal more purchasing power from everyone who holds fiat currency'.
Peter Schiff called this years ago. To paraphrase:
"There are going to be more QEs than Rocky Movies. And - just like the Rocky Movies - each QE will be worse than the one before."
4 posted on
09/08/2016 4:32:59 AM PDT by
agere_contra
(Hamas has dug miles of tunnels - but no bomb-shelters.)
To: expat_panama
“The only thing keeping the US out of recession is the US consumer.”
Thank goodness for credit.
5 posted on
09/08/2016 4:48:36 AM PDT by
moovova
To: expat_panama
Indebtedness Is Freedom
7 posted on
09/08/2016 5:43:48 AM PDT by
Iron Munro
(If Illegals voted Rebublican 50 Million Democrats Would Be Screaming "Build The Wall!")
To: All
12 posted on
09/08/2016 8:24:10 AM PDT by
Diana in Wisconsin
(I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set!)
To: expat_panama
Even then it might have to launch a further $4 trillion of QE and stretch its balance sheet to a once unthinkable $8.5 trillion.
Is there anyone that thinks this is not already a virtual certainty? And by doing so, giving another healthy nudge toward making my savings...not worthless but surely worth considerably less.
13 posted on
09/08/2016 10:29:52 AM PDT by
citizen
(Sanctuary cities: Illegals move in for free stuff, residents move out b/c they can't pay the taxes.)
To: expat_panama
Gee, here is
another money quote you left out.
Larry Summers...said the implication of the Fed paper is that the rates would have to be anywhere from minus 6pc to minus 9pc to extract the US from a deep recession...
So, here we are up against it.
The only path these fiat budgeters can see is massive confiscation of wealth. (By whatever name they choose to call it)
At which time there will no doubt be handshakes and cigars all around!
14 posted on
09/08/2016 10:46:34 AM PDT by
citizen
(Sanctuary cities: Illegals move in for free stuff, residents move out b/c they can't pay the taxes.)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson