"Nancy’s VoiceBox" and Google Glass

Occasionally I receive a touching email that also offers a practical solution to extreme challenges. This is one of those times. Please consider this email from reader “Zentagle”. Hi Mish,I have been following your blog for years now. Time is precious and not many writers “stick” . . . but you have. Thank you for your insights and passion throughout …

Still bearish, but watch for the dead-cat bounce

Despite my recent bearish call (see Global growth scare = Trend Model downgrade), I didn’t expect that the US equity market would sell off so hard on little or no news Thursday after an upside surprise on 1Q GDP and a relatively unsurprising FOMC meeting. After the dust settled, the SPX was down about 2% on the day, which is highly unusual given the …

The Coming Slump

Submitted by Alasdair Macleod via The Cobden Centre blog,
Governments and central banks have made little or no progress in recovering from the Lehman crisis six years ago. The problem is not helped by dependence on statistics which are downright misleading. This is particularly true of real GDP, comprised of nominal GDP deflated by an estimate of pri…

China PMI Jumps To 2 Year Highs (Jobs Contract For 27 Months), Japan PMI Slips (Jobs Worst In 11 Months)

China’s official manufacturing PMI beat expectations by the most since Nov 2013 and jumped to its highest since April 2012 – sure it did after all the forget-the-reforms liquidity, QE-lite, and local government spending dragged forward.

 
Perhaps worryingly the steel industry saw domestic and export new orders crater (from 55.7 to 48.2 in July…

Tribute to Milton Friedman

I had the great privilege and the great fortune of seeing Milton Friedman in person quite a few times in the 1980s and 1990s, and I’ve read just about everything he’s written. He was one of the most amazing and influential people I’ve known. His good humor, rock-solid logic, and clear thinking were simply astonishing. No one could beat him in a debat…

3 Things Worth Thinking About (Volume 2)

July 31st, 2014 Lance Roberts Last week, I started a new weekly series entitled “3 Things Worth Thinking About.” The focus here will be three things, ironically enough, that are worth considering with respect to your portfolio and related investments. As I have discussed many times previously, focusing only on “bullish” commentary when markets are…

Israel, Gaza and Palestine: What Americans Need to Know

If my fellow Americans understood the history of Israel and Palestine, their views would change overnight … and they would demand that Israel no longer be given unconditional support and blank checks to do whatever they want …
Apartheid and Occupation

South Africans: Israeli Apartheid “More Terrifying” than South Africa &he…

Previewing Tomorrow’s ‘Anti-Goldilocks’ Payrolls Data

It appears – judging by today’s shenanigans – that good news for Main Street (rising employment costs) is bad news (for stocks), though obviously there are other factors; but tomorrow’s payrolls data is the last best hope before the Fed finishes its taper for them to pull a ‘data-driven’ U-turn out of the bag. Consensus is for a drop from last month’…

The 2.1% recovery gives us 2.5% yields

We now know that the big negative GDP number in the first quarter wasn’t the beginning of another recession (I didn’t think so). Turns out it was a combination of bad weather and the vagaries of GDP accounting; sometimes those things just happen, and then they are reversed. As we learned yesterday, the first quarter’s growth was revised to -2.1%…

Thursday Humor: The Fed Is Hiring

An auditor…
The SFFed is #hiring: Auditor https://t.co/bGYScs9EY1
— SanFranciscoFed (@SFFedReserve) July 31, 2014
Job Description:
The Audit Function assists the Bank’s Board of Directors and senior management in the effective discharge of their fiduciary responsibilities by assessing the adequacy and effectiveness of the controls within Bank bus…

This Is What Is Going To Happen If Ebola Comes To America

The #ebola outbreak…by the numbers: pic.twitter.com/qiSrxS0wt9
— CBS Evening News (@CBSEveningNews) July 31, 2014
 
Submitted by Michael Snyder of The Economic Collapse blog,
If the worst Ebola outbreak in recorded history reaches the United States, federal law permits "the apprehension and examination of any individual reasonably b…