"Lump-sum DROP withdrawals for 2016 are now on pace to be over 15 times higher than their historical average. This mass exodus of DROP funds amounts to a “run onthe bank” and is exacerbating the financial peril of the Pension System as a whole."
Having exposed the "current global establishment’s (including Trump’s) overall plan" consisting of 8 simple steps to solve the global debt crisis,Bill Gross then goes on to say that "it pays to not fight the tiger until it becomes obvious that another plan will by necessity replace it."
"...the real threat to the First Amendment came from the Democrats' side more...The press tends to miss that because they tend to lean that way too charitably, and therefore they were supporting what they were viewing..."
According to restaurant tracker NPD Group, traffic at U.S. fast-food restaurant fell 1% in the third quarter, the sector’s first traffic decline in five years. The reason: higher costs of eating out, changing consumer behavior and higher bills for items such as rent and drugs.
With OPEC behind us, perhaps the market's focus will swing back to fundamentals (as opposed to headlines) and following last week's huge build across products, API reported the second week in a row of crude inventory draws (bigger than the expected 1.37mm drop). However, Gasoline and Distillates saw major builds but Cushing inventories rose over 4mm barrels - the most since 2008. WTI seemed to focus on the crude draw at first...
"This has been a momentum-driven market rather than one driven by well-reasoned fundamental analysis... It’s amazing what pseudo-intellectual havoc can be caused by a couple hundred points bounce in the markets..."
"The decrease reflects Chinese economic downturn, which is just now beginning and will last a long time since China has passed its economic boom period in which many problems were hidden but now those problems will gradually surface."
So long as inflation remains within those bounds the Beijing Boys can stuff bad loans made to steel mills into the Great Wall Asset Management company, which is financed through a bond, bought by some bank, guaranteed by the government.