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Archive Monthly Archives: November 2017

Record 95.4 Million Americans Are No Longer In The Labor Force As 968,000 Exit In One Month

In what was otherwise a mediocre jobs report, in which the establishment survey reported that a lower than expected 261K jobs were added to the post-Hurricane economy, the biggest surprise was not in the Establishment survey, but the household, where the unemployment rate tumbled once more, sliding to a new cycle low of 4.1%, for […]

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Ex-Soros Trader Sued For Viciously Abusing Women In "Manhattan Sex Dungeon"

Out of all the stories of harassment, abuse and victimization of women that have emerged since the Harvey Weinstein scandal broke last month, this one is possibly the most repugnant. To wit, the New York Post reported Friday that a former portfolio manager at Soros Fund Management, the firm founded by Billionaire investor George Soros, […]

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EU Shadow Rate Madness

Authored by Kevin Muir via The Macro Tourist blog, The other day I stumbled upon this great tweet from Holger Zschaepitz, the senior editor of the financial desk of the German newspaper, Die Welt. I have often said the last thing any equity bull should hope for is a strong economy, especially one accompanied with […]

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US Manufacturing Worker Productivity Crashes Most In 8 Years

US worker productivity rose at 3.0% QoQ in Q3 – the best since 2014. Unit labor costs rose at 0.5% annualized rate in Q3 (est. 0.4%) following 0.3% pace in Q2. Output rose at a 3.8 percent rate following 3.9 percent. Hours worked rose at a 0.8 percent pace after 2.4 percent. The latest figure compares […]

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Why Switzerland Could Save the World and Protect Your Gold

Why Switzerland Could Save the World and Protect Your Gold  – Precious metals advisor Claudio Grass believes Switzerland can serve as an example to rest of world– Switzerland popular for gold storage due to understanding of the risks inherent in fiat money and gold’s value as a store of wealth.– International investors opt to store gold in […]

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"Tick Tock": Sean Hannity Hints At Obama Bombshell Dropping Today

Fox News host Sean Hannity sent out a rather cryptic tweet last night hinting at some new Barack Obama bombshell news that will be dropping at some point today. “So Barack Obama news tomorrow!! Hint; Tick Tock” So @BarackObama news tomorrow!! Hint; Tick Tock — Sean Hannity (@seanhannity) November 1, 2017 While it’s unclear what […]

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NYC Terror Suspect Planned Halloween Attack To Maximize Kill Count

In a criminal complaint released last night, the FBI officially charged suspected terrorist Sayfullo Saipov, an Uzbek national who has been living in the US since 2010, with the provision of material support and resources to a designated foreign terrorist organization, as well as violence and destruction of motor vehicles. The complaint, which mostly comprised […]

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GOP To Unveil Tax Plan (With Permanent Corporate Tax Cuts) At 11:15am: Here's What We Know

Ahead of today’s unveiling of the GOP tax plan by the House of Representatives at 11:15 ET, a key issue is whether corporate tax cuts to 20% will be temporary, either phased in or out, or permanent. And according to a Bloomberg report this morning, Republican leaders have decided to cut the corporate tax rate […]

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Goldman Throws Up On Tesla Earnings: Reiterates Sell, Cuts Price Target To 36% As Stock Tumbles

One day after Tesla announced its worst quarter in history, in which it burned a record $1.4 billion in cash… … Goldman has guaranteed it will not be an underwriter on the next Tesla stock offering – which at the current cash burn will take place in less than 2 quarter – by reiterating its […]

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Fed Tactical in Two Pictures

If you consider the tactical situation facing the Federal Open Market Committee, two pictures really tell the tale.  First is GDP, FedFunds, 2 year Treasury Notes and 10 year T-bonds, as shown in the chart from FRED. But more important that the mere rates, especially those scarce market rates, are the spreads behind them.  Credit […]

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