• Sprott Money
    05/26/2016 - 05:58
    How many “emergency” “secret” meetings do the central planners around the world need to have before the citizens of the respective countries begin to fully understand and take notice that something...

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It's Over: Even MSNBC Turns On Hillary - "Stop Lying, Stop Digging"

"It’s pretty remarkable," "Morning Joe" host Joe Scarborough said of Clinton’s response to the OIG watchdog report "I don’t understand why you put out a statement like that,” Scarborough added. "Stop lying, stop digging." The slam continued: “'I screwed up. I’m terribly sorry,'" he offered as alternate responses. "'I hope the American people will forgive me and I hope they will let us move on to the issues that matter.'”


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3 Things: Auto Angst, Valuation Vulnerabilities, & Delusional Decouplings

Yes, the “bull market” is currently alive and well. However, there are mounting signs that a “cancer” has taken hold and will eventually reveal itself in the not so distant future. Unfortunately, for most investors, the inevitable outcome of chasing yield with a complete disregard of the underlying risk will be catastrophic.


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This Is How Much Your Health Insurance Payment Is About To Jump By

For all those currently enrolled in healthcare plans administered in the following states, this is how much, on average, your plans will go up by.


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Wells Fargo Reintroduces 3% Down Mortgages

Wells Fargo & Co. is rolling out a new mortgage for borrowers making minimal down payments, an offering that could allow the bank to step back significantly from a controversial Federal Housing Administration program. The bank’s new mortgage allows borrowers?with credit scores?as low as 620 on a scale of 300 to 850?to make down payments of as little as 3%, while also allowing them to use income from family members or renters to qualify.


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Peak Idiocracy? Students Demand End To Midterms, Abolish Grades 'C' Or Below

Students on liberal arts college campuses may have just jumped the shark for special-snowflakedness. As The Week reports, students at Oberlin College are asking the school to put academics on the back burner so they can better turn their attention to activism.


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Donald Trump Unveils "Make American Energy Great Again" Plan - Live Feed

Donald Trump will head to the heart of America’s oil and gas boom on Thursday to unveil details of his policies on energy and the environment. As NYTimes reports, speaking at an oil industry conference in Bismarck, N.D., Mr. Trump is expected to embrace standard Republican calls for more fossil fuel drilling and fewer environmental regulations, while possibly elaborating on his positions on climate change. Having vowed to "get those miners back to work," and "get rid of [EPA] in almost every form," this is the first time since becoming the presumptive nominee that Presidential candidate Trump has a platform for a policy speech... we are sure Clintonites will be listening intently.


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The Fed Has A Problem: Inflation May Hit 3.5% By December Due To Gas Price "Base Effect"

As we approach the anniversary of last year's oil - and gasoline - price lows and the base-effect goes away, the sharp pick up in gas prices is set to have a sharp upward impact on Consumer Price Inflation. It will also wreak havoc on the Fed's strategy of playing possum and not hiking as long as inflation remained "stubbornly low."In short: the Fed suddenly has a problem. Here's why.


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Plunging Personal Income Tax Revenues Slam State Budgets In April

April is the most important revenue month for states because it contains the tax filing deadline and taxpayers tend to wait until the last minute to pay any taxes that may be owed from the prior year. This April, personal income tax revenue fell by an average of 9.88 percent compared to the same period last year in the 32 states for which Reuters has data (Puerto Rico as well). Due to the drop in income taxes, and April being near the end of the fiscal year for many states, states that were depending on a strong inflow of revenues in April are now left scrambling to fill budget gaps.


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Does The U.S. Have A Plan For The Post-Oil Era?

The world's largest exporter of crude oil, the Kingdom of Saudi Arabia, recently announced a plan for its post-oil future. If a country almost synonymous with the oil economy can see the need for such a plan, how can the rest of the world, particularly the United States, the world's largest consumer of petroleum, not see the necessity of such foresight?


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Brexit Bets Surge At Bookies Despite Cable Strength

Cable has strengthened notably in the last week or so as Cameron and Osborne unleashed phase 2 of "project fear" and 'some' Brexit polls suggested market fears of a 'leave' decision were overblown. However, the broad polls still show the decision is too close to call, which is why the news from Ladbrokes - Britain's largest bookmaker - that they have seen a sudden surge in Brexit bets in the last few days. Interestingly, sterling has started to leak lower today...


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Furious China Slams "Irrational" US Trade War, Warns "Will Take Steps"

Overnight the Commerce Department escalated its trade war with China when it implemented the latest clampdown on a glut of steel imports, when it announced that corrosion-resistant steel from China will face final U.S. anti-dumping and anti-subsidy duties of up to 450%. China's Commerce Ministry said it was extremely dissatisfied at what it called the "irrational" move by the United States, which it said would harm cooperation between the two countries. "China will take all necessary steps to strive for fair treatment and to protect the companies' rights," it said, without elaborating.


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Someone Is Going To Be Disappointed

Bonds up, Stocks up... will Yellen spoil the party tomorrow?


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"Buying Here Is Like Picking Pennies In Front Of A Steamroller" - 10 Reasons To Be Bearish From Credit Suisse

Little margin for error.  Multiples are elevated and the economic/earnings cycle is aging – this means the margin for error is small and shrinking and thus chasing the SPX at 2100+ is akin to “picking up pennies in front of a steamroller”. 


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Strong 7 Year Auction, Near-Record Indirect Bidders Concludes Weekly Issuance

While not nearly as impressive as this week's preceding 2- and 5-Year auctions, both of which saw whopping central bank demand and record low Dealer awards, today's 7 Year belly of the curve auction showed continued strong demand for US paper in what is rapidly becoming the most "liquid" market, that of primary issuance.


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