Latest Articles: Business/Finance
Time Is Running Out for the January Barometer
Post Date: 2016-01-17 10:29:19 by BTP Holdings
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Time Is Running Out for the January Barometer Mike Burnick | Thursday, January 14, 2016 at 5:30 am We’d better have a rally soon or we’re in trouble … at least according to one key barometer of the markets. Why am I so nervous so early in the year? Given the facts we have in hand so far in 2016, the historical record provides many clues to the way ahead – and it indicates we’re running out of time. First consider these facts: The New Year swan dive of more than 1,000 Dow points in the first week of this year marks the worst start of ANY year in history for stocks. With 2016 just eight trading days old, the Dow and S&P 500 are already down more than 5%, ...
Obama orchestrated a massive transfer of wealth to the 1 percent
Post Date: 2016-01-17 09:44:44 by Ada
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When people use the term Great Recession, they are playing into the charade laid out by Federal Reserve and the Treasury Department. The years 2008 through 2015 should be known as the Great Fleecing. During that time, the greatest transfer of wealth in the history of the world occurred. Some $4.5 trillion was given to Wall Street banks through its Quantitative Easing program, with the American people picking up the IOU. “If liberals are angry about inequality, they should look no further than President Obama.” This is the primary reason the US economy has not been able to recovery from the bank implosion of 2008. Surely if you inject $4.5 trillion into the economy, you will ...
This is the biggest accounting hoax since Enron...
Post Date: 2016-01-17 06:51:36 by BTP Holdings
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This is the biggest accounting hoax since Enron... Dear Reader, In 1977, before most of today's Wall Street analysts were even born, I was doing complex tax and accounting work at Citibank. Thanks to my accounting background, I've just uncovered the biggest accounting hoax since Enron… One that could wipe out millions of Americans. The fallout will be 525 times bigger than Enron, and is sure to affect all American citizens -- no matter where you live, what you do for a living or how much money you have. The mainstream media could uncover this deception anytime now. Once you hear this story on the evening news, it will be too late for anyone to act. Which is why I've ...
Jim Rickards is predicting a major currency shock as early as next week (even bigger than China).
Post Date: 2016-01-16 11:16:28 by BTP Holdings
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We haven’t received your RSVP. Jim Rickards is predicting a major currency shock as early as next week (even bigger than China). Your stock holdings could be in serious jeopardy. Jim has more details, below… In the meantime, you need to act quickly and RSVP to his FREE live training event scheduled for Monday evening. This may be the one way to prepare for the danger ahead. But your RSVP is still outstanding, and the door is closing tomorrow at midnight. So this is may be your LAST CHANCE to sign up. Click here now to RSVP. Regards, Addison Wiggin Founder, The Daily Reckoning Massive Currency Shock Coming as Soon as Next Week By: Jim Rickards Another surprise attack ...
Message of the Markets: Chickens Coming Home to Roost
Post Date: 2016-01-16 07:29:54 by Stephen Lendman
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Message of the Markets: Chickens Coming Home to Roost by Stephen Lendman Black Friday may be signaling big trouble ahead. What can’t go on forever won’t and never will. Eventually day of reckoning time arrives. Whether now is the moment of truth remains to be seen. Paul Craig Roberts calls the US economy “a house of cards.” Phony government data created “the illusion of recovery.” Monied interests never had it better for years, profiting hugely from Wall Street-orchestrated casino capitalism and manipulated markets, creating an unprecedented, unsustainable wealth effect, an open-ended near zero-interest rate climate money grab - doing nothing to create jobs ...
PANIC!! (Is What We Need)
Post Date: 2016-01-15 21:24:25 by BTP Holdings
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PANIC!! (Is What We Need) Mike Larson | Friday, January 15, 2016 at 4:22 pm No, I’m not yelling “Fire” in a crowded theater with that headline. I’m merely pointing out that the one major missing ingredient to this ugly, nasty start to the year has been panic. Aggressive, unadulterated selling that results from primal fear of losses. Don’t believe me? Then just look at the S&P Volatility Index, or VIX. In August, it soared to more than 53 when the market melted down. In October 2014, it jumped to more than 31. Want to go back even further? In the summer of 2011 when the debt ceiling debacle unfolded, it surged into the mid-to-high-40s multiple times over a ...
Forget $20 - Oil Prices At $8 Per Barrel In Canada
Post Date: 2016-01-15 08:10:08 by Ada
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Where is the cheapest crude oil in the world? And how low can you get that barrel of oil? Canada heavy crude prices slump below $20, lowest in over a decade Reuters Why Canadian Oil Companies Are Doing Better Than You Might Think Motley Fool Oil at $33: how much lower can it go? The price for a barrel of bitumen, the tar-like oil sands that comes from Alberta, fell to just over $8 per barrel this week. That is not a typo. Bitumen traded at $8.35 per barrel on Tuesday. In fact, Amazon.com sells oil drums – just the barrel, not the oil – for $78, almost ten times the cost of the actual bitumen. To be fair, that drum holds 55 gallons instead of the industry-usual 42 gallons. But ...
"Nothing Is Moving," Baltic Dry Crashes As Insiders Warn "Commerce Has Come To A Halt"
Post Date: 2016-01-14 11:55:13 by christine
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The continued collapse of The Baltic Dry Index remains ignored by most - besides we still have Netflix, right? But, as Dollar Vigilante's Jeff Berwick details, it appears the worldwide 'real' economy has ground to a halt!! Last week, I received news from a contact who is friends with one of the biggest billionaire shipping families in the world. He told me they had no ships at sea right now, because operating them meant running at a loss. This weekend, reports are circulating saying much the same thing: The North Atlantic has little or no cargo ships traveling in its waters. Instead, they are anchored. Unmoving. Empty. You can see one such report here. According to it, ...
Proven & Probable David Morgan Pt 2 (silver)
Post Date: 2016-01-10 16:54:51 by BTP Holdings
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Proven & Probable David Morgan Pt 2 silverinvestor.com Published on Jan 8, 2016 Maurice Jackson interviews one of the most respected and trusted names in the Natural Resource Space, David Morgan. Gain a perspective on precious metals, the stock market, and mining companies and how to employ the thesis of each into your portfolio. Please subscribe to this channel and share with your friends--- Youtube: www.youtube.com/user/silverguru Resources: Automatically save in gold and silver. Plus you can make money when you promote buying gold and silver with this affiliate program: www.Silver123.net The Silver Manifesto: Buy the book to enhance your knowledge and investing skill. ...
Proven & Probable- David Morgan Pt 1 (silver)
Post Date: 2016-01-10 16:45:53 by BTP Holdings
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Proven & Probable- David Morgan Pt 1 silverinvestor.com Published on Jan 8, 2016 Maurice Jackson interviews one of the most respected and trusted names in the Natural Resource Space, David Morgan. Gain a perspective on precious metals, the stock market, and mining companies and how to employ the thesis of each into your portfolio. Please subscribe to this channel and share with your friends--- Youtube: www.youtube.com/user/silverguru Resources: Automatically save in gold and silver. Plus you can make money when you promote buying gold and silver with this affiliate program: www.Silver123.net The Silver Manifesto: Buy the book to enhance your knowledge and investing skill. ...
Saudi Arabia considers selling Aramco share
Post Date: 2016-01-10 02:31:41 by Tatarewicz
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PressTV... Saudi Arabia announced on Thursday that it is considering to sell shares in the state-owned oil giant Saudi Aramco. Saudi deputy crown prince Mohammed bin Salman has told The Economist that a decision to the same effect will be made within the next few months. "Personally I'm enthusiastic about this step. I believe it is in the interest of the Saudi market, and it is in the interest of Aramco, and it is for the interest of more transparency, and to counter corruption, if any, that may be circling around Aramco," said the prince. Saudi Aramco is the world's largest oil company in terms of crude production and exports. The decision to sell the company comes ...
Stockman: Only 11,000 Jobs Last Month, Not 292,000
Post Date: 2016-01-09 18:15:04 by BTP Holdings
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Stockman: Only 11,000 Jobs Last Month, Not 292,000 Image: Stockman: Only 11,000 Jobs Last Month, Not 292,000 (Getty Images) By David Stockman | Saturday, 09 Jan 2016 01:07 PM Here’s a newsflash that CNBC didn’t mention. According to the BLS, the US economy generated a miniscule 11,000 jobs in the month of December. Yet notwithstanding the fact that almost nobody works outside any more, the BLS fiction writers added 281,000 to their headline number to cover the “seasonal adjustment.” This is done on the apparent truism that December is generally colder than November and that workers get holiday vacations. Of course, this December was much warmer, not colder, than ...
Last Night at Janet Yellen's...
Post Date: 2016-01-09 10:29:31 by BTP Holdings
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“Oh, no, what have I done?!” At around 3 this morning, Janet Yellen was jolted out of a terrible nightmare. Her heart was ‘thump-thumping’ away like boots in a dryer. Her breath was a mile a minute, and as shallow as her mind. Icy sweat poured off her in streams... “I’m just a nice Jewish girl from Brooklyn. How’d I get myself into this mess?” We’ve often wondered the same. And boy, Janet’s December rate hike has really flustered the fish! This week was the Dow’s worst to open a new year… ever. The thing puked up about 900 points on the week. No wonder she can’t sleep. Did her rate hike trigger the demise of “the era ...
America's Day of Reckoning
Post Date: 2016-01-09 09:09:50 by BTP Holdings
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America's Day of Reckoning Advertorial | by Mike Larson This December ... behind closed doors in Washington, D.C. ... an event took place that will change everything in your life. It virtually guarantees the longest series of “Bloody Wednesday” crises on record ... with the next looming on March 16, 2016! What is about to occur will shake our nation to its core and destroy the financial security of MILLIONS of Americans. It will trigger all-out panic — first in the U.S. bond market ... and later in the stock market. It will destroy millions of jobs ... sentence most Americans to a “dark age” of depression and poverty ... send gold and silver prices ...
Will the Ghosts of 1937 Haunt the Fed This Year?
Post Date: 2016-01-08 22:10:34 by BTP Holdings
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Will the Ghosts of 1937 Haunt the Fed This Year? Mike Burnick | Thursday, January 7, 2016 at 7:30 am It may be a new year, but 2016 is starting off with much of the same old bad news that plagued stocks last year, leading to turbulent and often violent swings in the stock market. Fasten your seatbelts! The year is just three full trading days old and stocks are down 2.7% already! Does this inauspicious start doom stocks to repeat the volatile trading-range market of 2015 again this year … or worse, does it signal a steeper selloff ahead? The historical record offers some hope for the bulls. Since 1928 there have been 14 other declines of 1% or worse to start the new year. And yet ...
Is Debt Jubilee Already A Done-Deal?
Post Date: 2016-01-08 11:17:52 by christine
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Debt Jubilee is coming. That is to say, Debt Jubilee is coming to the Western world. This is not a prediction, and thus no crystal balls, or other fancy, forecasting techniques are needed. Rather, all that one requires is a rudimentary grasp of the current level of Western insolvency, and the capacity to operate a calculator. This has been the general subject matter of many previous commentaries. In specific terms, one of these pieces itemized the West’s Deadbeat Debtors club, as measured in those nation’s overall debt-to-GDP ratios: Germany 188% Canada 221% Austria 225% U.S. 233% Finland 238% Norway 244% UK 252% Italy 259% France 280% Sweden 290% Denmark 302% Spain ...
Korea Blast, Chinese Devaluation, Crude Crush Markets
Post Date: 2016-01-06 18:56:51 by BTP Holdings
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Money and Markets: Investing Insights Korea Blast, Chinese Devaluation, Crude Crush the Markets Mike Larson | Wednesday, January 6, 2016 at 4:20 pm When it rains, it pours. And today, Wall Street got socked with a veritable deluge. First, the rogue nation North Korea claimed it tested its first-ever hydrogen bomb. That would be the first time the secretive, isolated dictatorship tested a hydrogen weapon, which is potentially much more powerful and threatening than the atomic bombs the country has tested in the past. It’s impossible to verify leader Kim Jong Un’s claims, of course. The test may have involved a hybrid weapon with only a small amount of hydrogen-based ...
Enough Already! It’s Time To Send The Despicable House Of Saud To The Dustbin Of History
Post Date: 2016-01-06 09:05:27 by Ada
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The attached column by Pat Buchanan could not be more spot on. It slices through the misbegotten assumption that Saudi Arabia is our ally and that the safety and security of the citizens of Lincoln NE, Spokane WA and Springfield MA have anything to do with the religious and political machinations of Riyadh and its conflicts with Iran and the rest of the Shiite world. Nor is this only a recent development. In fact, for more than four decades Washington’s middle eastern policy has been dead wrong and increasingly counter- productive and destructive. The crisis provoked this past weekend by the 30-year old hot-headed Saudi prince, who is son of the King and heir to the throne, only ...
Oil: $20/Barrel Before a Rebound?
Post Date: 2016-01-06 04:56:59 by BTP Holdings
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Oil: $20/Barrel Before a Rebound? Jon Markman | Tuesday, January 5, 2016 at 7:30 am OPEC is continuing its price-war strategy against U.S. shale, an effort reaffirmed just last week when Saudi Arabia’s energy minister said his country’s output strategy “is a reliable policy and we won’t change it.” The market is shuddering at the thought of Iranian crude hitting the market as economic sanctions are lifted in the months to come. Goldman Sachs recently warned clients that a drop to the $20-a-barrel level could be necessary to force the production cuts needed to balance supply and demand. Energy stocks and the high-yield bonds of shale producers will hitch their ...
We did the math for the $450 million Powerball jackpot and concluded it's not worth buying a ticket
Post Date: 2016-01-06 04:50:40 by BTP Holdings
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We did the math for the $450 million Powerball jackpot and concluded it's not worth buying a ticket Business Insider By Andy Kiersz 11 hours ago image (Thomson Reuters) You probably shouldn’t do this. The Powerball lottery drawing for Wednesday evening has an estimated jackpot prize of $450 million. While that’s a huge amount of money, buying a ticket is still probably a losing proposition. Consider the expected value When trying to evaluate the outcome of a risky, probabilistic event like the lottery, one of the first things to look at is “expected value.” The expected value of a randomly decided process is found by taking all of the possible outcomes of ...
Chinese Company Set to Buy Majority Share of Hollywood Movie Company
Post Date: 2016-01-06 02:29:27 by Tatarewicz
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Sputnik...A politically powerful Chinese company with close ties to the Communist Party is set to buy a major stake in a Hollywood powerhouse production company known for their blockbuster films Investors in Legendary Entertainment have agreed to sell Dalian Wanda Group their stakes of over 50% of the company — which is valued around $4 billion, the New York Times reported.The remainder of the company will continue to be owned by their existing management. The production company is best known for films such as “Godzilla” and “Pacific Rim,” and is attempting to begin working in television as well. The Dalian Wanda Group already owns AMC Cinemas and the largest ...
This Time Isn’t Different
Post Date: 2016-01-05 08:37:10 by Ada
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Last year ended with a whimper on Wall Street. The S&P 500 was down 1% for the year, down 4% from its all-time high in May, and no higher than it was 13 months ago at the end of QE3. The Wall Street shysters and their mainstream media mouthpieces declare 2016 to be a rebound year, with stocks again delivering double digit returns. When haven’t they touted great future returns. They touted them in 2000 and 2007 too. No one earning their paycheck on Wall Street or on CNBC will point out the most obvious speculative bubble in history. John Hussman has been pointing it out for the last two years as the Fed created bubble has grown ever larger. Those still embracing the bubble will sit ...
New Year Market Turmoil
Post Date: 2016-01-05 07:16:48 by Stephen Lendman
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New Year Market Turmoil by Stephen Lendman Will 2016 be the year the artificially stimulated US economic house of cards collapses? It’s long overdue. What can’t go on forever, won’t. Markets levitate only for so long. Day of reckoning time inevitably arrives. Fed money printing madness turned Wall Street into a casino - high risk for ordinary people wanting their savings protected along with a reasonable return. Former Reagan administration Office of Management and Budget director David Stockman warns often of a coming collapse - calling America’s financial system an “unstable, bubble-prone gambling arena that undermines capitalist prosperity and showers ...
Yellen's Job Puzzle: Why Are 20-Somethings Retiring?
Post Date: 2016-01-04 08:41:54 by Ada
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Americans are increasingly foregoing paychecks due to disability, school or retirement< How come more people are retiring in their early 20s? Why are middle-age men becoming stay-at-home dads? What's keeping women out of the workforce other than illness, kids or school? Those are some of the questions raised in a new Bureau of Labor Statistics report that shows changes over the past decade in why people stay out of the labor force. Finding answers is key for the Federal Reserve as it maps the contours of a job market that's becoming harder to predict with the aging of the baby boomers and shifting household priorities. Here's what the bureau found, broadly: Thirty-five ...
U.S. in industrial recession; time to buy gold
Post Date: 2016-01-04 05:30:03 by BTP Holdings
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U.S. in industrial recession; time to buy gold Posted on January 4, 2016 by GS Early Recently, U.S. Steel (NYSE:X) CEO Mario Longhi made the rounds of the financial shows and upped the ante on his concerns regarding the U.S. industrial metals industry. This sector has been the backbone of the U.S. economy for decades. If it’s sick, the whole economy is sick. Longhi runs one of the largest steel companies in the United States, and the fact is his troubles are a bellwether. Simply put, U.S. industrial strength is withering. U.S. Steel’s stock dropped 37 percent in November alone and 70 percent for the year. With all the great economic news we keep hearing, what’s really ...
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