El-Erian Warns Of "Enormous Risk In Public Markets... Better Seller Of Stocks Than Buyer"

Investors "have been conditioned to believe, over and over again, that central banks can shield them," but, as Allianz' Mohamed El-Erian warns "the probabilities are now starting to tip in the likelihood of a bad outcome." Simply put, El-Erian explains that financial markets have "decoupled" from the economic problems of the world leaving "enormous risk in public markets because that’s the one that central banks have distorted to the greatest extent."

Stocks Are On The Wrong Side Of A Rate Hike

The problem with being a contrarian is the determination of where in a market cycle the “herd mentality” is operating. The collective wisdom of market participants is generally “right” during the middle of a market advance but “wrong” at market peaks and troughs. There are plenty of warning signals that suggest that investors should be getting more cautious with portfolio allocations. However, the “herd” is still supporting asset prices at current levels based primarily on the “fear” of missing out on further advances.

Black Worker Wages Rise The Most On Record

Who says there is no wage growth? Certainly not the Labor Department, at least when it comes to black workers. In a release on Thursday, the DOL reported that seven years after the "end" of the recession, median wages for full-time black workers jumped by 9.8% in the Q3 - the biggest quarterly jump since record began in 2000.

The Federal Reserve Is Hillary Clinton's Secret Weapon

Say what you want about Donald J. Trump, but he is correct about one thing: the Federal Reserve has, with near certainty, been holding interest rates down for political purposes - namely, to aid Hillary Clinton in getting elected president of the United States.

About That "Pillar" Of American Democracy...

When the media bias is so brazen, overwhelming and one-sided... RIGGED is absolutely an appropriate word to use. It’s not sad or disgusting that Trump is questioning the purity of the process or alleging that the election is rigged against him. It’s sad that it’s actually happening… and that the establishment which is actually doing the rigging refuses to even entertain the possibility that it’s true. This is banana republic stuff, plain and simple.

Nigeria Slashes Oil Prices, Admits There Is A "Huge" Cargo Glut

Nigeria National Petroleum Corporation lowered by at least $1 a barrel its official selling prices (OSPs) for 20 out of 26 oil grades. Qua Iboe, Nigeria’s largest export crude under normal circumstances, was reduced by the most since 2014.  The reason for the dramatic price cuts according NNPC, the state oil company, is a  “huge cargo overhang" as the country attempts to regain market share.

Terrorists Recruit Petro Engineers And Oil Experts

“The professional recruiters are targeting not only potential lower level agents, but also highly qualified medicine, transport, oil industry and linguistics specialists as well as, importantly, those who could map out media strategies for the global terrorism projects.

Apple Stock Sinks After Reports Of iPhone 7 Bursting Into Flames

Welcome to the post-Galaxy Note 7 world, where every exploding smartphone instantly makes the news. As BGR reports, an iPhone 7 owner appears to be the latest victim, claiming that he left his iPhone 7 in his car and came back to find the vehicle filled with smoke with the interior badly burned. While the cause of the fire hasn’t yet been confirmed by officials, photos from the scene show that the fire indeed destroyed the interior of the car.

Obama Explains That Only More Government Intervention Can Fix Obamacare: Live Webcast

Battling a barrage of negative headlines about rising health insurance premiums and shrinking doctor networks for people participating in the program, Obama will speak in Florida about the need for a "public option" and will urge more young, uninsured people to sign up for the subsidized insurance plans offered under the law.