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Walmart Tumbles After Amazon Says It Will Cut Whole Foods Prices Monday

Here comes even more of that deflation the Fed hates so much. Walmart stock is getting whacked, as is the broader grocer sector, after Amazon announced moments ago that the acquisition of Whole Foods will close on Monday, and that in keeping with the company’s tradition of stealing market by underpricing its competition, it will […]

Amazon Vs Maersk: The Clash Of Titans Shaking The Container Industry

Authored by Aleni Pittalis via Platts' The Barrel blog, Approximately 90% of the world’s trade travels by sea and one would expect the industry’s supply chain to be the height of modernity by adopting disruptive technology and strategies. However, this could not be further from the truth. While online trading platforms are under development, the […]

Dallas Fed’s Kaplan Says America Needs More Immigrants to Fill ‘Skills Gap’

Content originally published at iBankCoin.com   According to Dallas Fed’s Kaplan, America has an over abundance of jobs and needs to attract wanton amount of migrants in order to fill the insatiable demand for cheap labor, aka ‘skills gap.’ While on one hand, Kaplan ceded to the notion that globalization was a primary reason for […]

“Active Shooter Situation”, Hostage Situation In Downtown Charleston

Police in downtown Charleston, S.C, are responding to an “active shooter situation” near King Street between Calhoun and Morris Streets, according to police spokesman Charles Francis. Employees working in the area near Virginia’s restaurant say they are on lockdown as police swarm the area and ask people to avoid the area, the Post and Courier […]

A Look At US Government Shutdowns Since 1976

Investors and politicians are getting increasingly worried about a potential US government shutdown. Earlier we showed that following a report by Axios which quoted a republican who put the chance of a shutdown “as high as 75%”, the T-Bill market got spooked, and pushed the Oct.12 Bill – the one considered closest to the Treasury’s […]

One Trader Says “Don’t Fight The Fed…Or SWFs, Or SNB, Or Buybacks”

There is no end to the list of 'real world' problems underlying cuirrent equity market price levels and velocities (slumping 'hard' economic data, record high valuations, global thermonuclear war, Washington uncertainty, Fed balance sheet normalization to name a few). However, as former fund manager Richard Breslow points out, "equities continue to have friends in high […]

The Cost Of Market Crash Insurance Just Hit A Record High

With the VIX surging, and then quickly getting pummeled on two occasions in the past three weeks, dizzy traders could be forgiven to assume that any latent “risk off” threat, whether from North Korea or the US political front, has been taken off the table. However, a deeper look inside the vol surface reveals something […]

Mauldin: 2 Charts Confirm A US Recession Within 18 Months

Authored by John Mauldin via MauldinEconomics.com, Stock valuations are the discounted values of future earnings. Future earnings depend on future revenue, which may diminish whenever the future includes a recession. So, broad economic conditions are a big factor to watch in stock valuation. Broad economic conditions depend ultimately on the consumer’s ability and willingness to […]

Mnuchin’s PR Visit to Fort Knox proves nothing about the US Gold Reserves

Submitted by Ronan Manly, BullionStar.com On the afternoon of Monday, August 21, US Treasury Secretary Steven Mnuchin, Senate Majority Leader Mitch McConnell, Kentucky Governor Matt Bevin, and Kentucky Congressman Brett Guthrie took a visit to the vault of the US Mint’s gold depository in Fort Knox, Kentucky, a vault which, according to the US Treasury, holds gold […]

US Consumer Comfort Spikes To 16 Year Highs, But…

Great News Americans – According to Bloomberg's latest Consumer Comfort survey, you are the most 'comfortable' since 2001! Despite slumping 'hard' economic data, soaring stocks seem to reassure 'Americans'… Sentiment among those earning $100,000 or more rose to the highest since March on the heels of elevated equity markets Comfort advanced in the Northeast to […]

$20 Oil? Forget OPEC, China Controls Oil Prices

Authored by Irina Slav via OilPrice.com, U.S. shale has taken a lot of headline space recently as the biggest headwind for oil prices and the highest stumbling block for OPEC’s efforts to prop them up by cutting production. Yet, there may be another factor that could bring down oil prices as soon as next year… […]

ESPN Prez Defends Idiotic Decision To Create A National Controversy That Never Existed

ESPN President John Skipper should probably lookup the meaning of “primum non nocere.”  Medical school students all across the country are taught this Latin phrase, meaning “first, do no harm,” on their first day of classes as a reminder that, given any problem, their first priority should be to simply not make it worse than […]

Why Is North America’s Equity Market Underperforming?

Authored by Steven Vanelli via Knowledge Leaders Capital blog, On a relative basis, compared to the developed world, North American stocks peaked on November 23, 2016, and have since underperformed by about 4% (in USD). In the charts below, we compare the relative performance of our KLSU North America Index to various economic variables. Our […]

Existing Home Sales Slump To 11-Month Lows; NAR Warns “Prices Are Rising Way Too Fast”

For the first time since 2015, existing home sales fell in back to back months (-2.0% in June, -1.3% in July), dramatically missing expectations of a 0.5% bounce. Following the plunge in new home sales, existing home sales tumbled to their lowest SAAR since Aug 2016 as inventories dropped mdoestly (and home prices rose 6.2% […]

Russia Deploys Nuclear-Capable Bombers Near Korea

With the U.S. periodically sending the occasional sortie of B1 bombers, accompanied by South Korean fighters, over the Korean peninsula to simulate what a (very fast) war with Pyongyang would look like, the airspace over the biggest geopolitical hotspot in the world today just got a little hotter after Russia deployed nuclear-capable strategic bombers over […]