I gave a 45-minute presentation on Yield Purchasing Power at American Institute for Economic Research in Great Barrington, MA on October 14, 2016. I am grateful to the Institute for recording video of my presentation plus extended Q&A.
While 3M's current quarter data was good, the largest Dow component confirmed a recurring trend observed among other reporting companies, namely skepticism about the future, when it trimmed the upper end of its full year EPS guidance: "For full-year 2016, 3M updated its forecast for earnings per share to be in the range of $8.15 to $8.20 versus a prior range of $8.15 to $8.30."
German police on Tuesday conducted numerous raids across five federal states and stormed an accommodation facility for refugees and 12 homes around the country that were believed to house people suspected of financing terrorism. Police searched residences in five federal states with Bild magazine citing "an imminent terror threat" as the trigger for the operation.
After a furious rally in the past week on hopes that Italy's oldest, and most insolvent, bank, Siena's Monte Paschi has turned the corner and would return to profitability while outside investors would finally help it in its seemingly endless quest to find $5 billion in outside capital, today BMPS shares plunged after first opening limit up in what can only be characterized as a roller coast market.
European, Asian stocks and S&P futures are all up again in early trading, a repeat of the Monday session, buoyed by a generally upbeat corporate earnings season, rising economic confidence and signs of improvement in the world’s biggest economies. After Charles Evans' hawkish comments on Monday, the market is now pricing in a 71% chance of a rate increase this year, up from 68% last week.
"In the end, it was the candidate, Hillary Clinton, the future president of the United States who wanted ducks on the ground, so, by God, we will get ducks on the ground. Don't repeat that to anybody."
The simple fact is the Two-Party System simply cannot cope with the complex, issue-based reality of America and the world in the 21st Century. It’s old programming that worked when the world was over-simplified by the Cold War into Democracy versus Communism, Freedom versus Totalitarianism, and the Self-Appointed Good versus the Evil Empire. Maybe that’s why the duopoly seems so hot for a new Cold War. The only way their binary system works is if there is a common enemy to turn into America’s common denominator.
Venezuela just dodged a bullet, pulling off a last minute bond swap with creditors. The deal only buys Venezuela a little bit of breathing room, and a default at some point next year or the year after is not out of the question. Either way, the South American OPEC nation’s oil production is falling and will only continue on a downward trajectory.
Unaffected by elections. Unaltered by populist movements. Beyond the reach of the law. Say hello to America’s shadow government. A corporatized, militarized, entrenched bureaucracy that is fully operational and staffed by unelected officials who are, in essence, running the country, this shadow government represents the hidden face of a government that has no respect for the freedom of its citizenry.
In order to fit 200 million yuan ($31 million) into a single apartment, Wei Pengyuan was forced to resort to some creative interior design, removing all the furniture apart from a single bed, and filling the place with bags full of cash.
Just days ahead of its Q3 earnings report, Twitter is reportedly planning widespread job cuts following the demise of the deal-scheme. As Bloomberg reports, the company may cut about another 8% of the workforce, or around 300 people leaving its headcount the smallest since Q3 2014.
"It's because of the selection of the candidates. I find them to be not just sub-par, but unusually sub-par," said Epstein, a student at the Massachusetts Institute of Technology, in Cambridge, Massachusetts. "Something's gone terribly wrong."
Whether it be Communist Russia, Nazi Germany or Fascist America, once the people have been successfully conditioned to allow Big Brother to dictate thought, the next step has always been totalitarian rule.
"Today’s situation clearly illustrates what we have been saying for weeks, that this protest is not peaceful or lawful. This protest was intentionally coordinated and planned by agitators with the specific intent to engage in illegal activities."
While most with half a brain, or an ounce of honesty left, are already confident in their authenticity, a key tactic of corrupt Democratic operatives has been to try to cast doubt on them being real in order to sway the minds of some of our more cerebrally challenged fellow citizens. As such, any technical proof that the emails are genuine is of great significance...