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Seriously!! The Daily Mail reports, the president of Emory University has spoken to demonstrators who said they were frightened after someone wrote ‘Trump 2016’ in chalk around campus. Students at the Atlanta school, which has an enrollment of more than 14,000 claim their ‘safe space’ was violated when the messages appeared on sidewalks and buildings. […]Read More

As we tweeted at the open, between plunging durable goods, the slide in Services PMI and the tumble in Q1 GDP expectations, it’s surprising it took this long to push the Dow green (BUT the S&P smash failed)… Happy Easter Christians… [embedded content] Before we start, you are here… This is what the day looked […]Read More

Submitted by Lance Roberts via RealInvestmentAdvice.com, 80% Or Bust Not surprisingly, the recent sharp reflexive rally has brought the bulls out in full force as noted by a recent comment on my post earlier this week on “4% From The Highs:” “…by the time you get confirmation with the long term indicators above, you will […]Read More

While Forex banks, traders, and other institutions are being blamed for market rigging, the Swiss National Bank can publish reports about its own market rigging, but instead of being a scandal, it’s economic data.  That’s because the vast majority don’t understand how the Forex markets work.  It’s not insulting – it’s a fact.  Currently there […]Read More

Nigeria’s total imports and exports including trade balance. Year  Imports (c.i.f) (N’billions)  Exports and Re-Export (f.o.b) (N’billions)  Balance of Trade (N’billions) 1981                     13                       11                        (2) 1982                     10                         9                        (1) 1983                       7                         8                         1 1984                       4                         9                         5 1985                       6                       12                         […]Read More

If you’ve got a question about managing your practice, if you’re looking to explore a new area of law, or if you’re just curious about the latest legal developments, well, you’re in luck. There are literally thousands of resources available. (Look, you’re reading one!) But with all the blogs, websites, and online resources available, it’s […]Read More

Still hovering near 43 year lows, initial jobless claims printed a better than expected 265k against expectations of 269k. Continuing claims also dropped from 2.218m to 2.179m – also back near 43 year lows. So, the mystery is – why is the ISM’s composite manufacturing and services employment index collapsing to 6 year lows? hhmm? […]

Durable Goods New Orders (Ex-Transports) or so-called “Core” durable goods dropped 0.5% YoY, extending its losing streak to 13 months. This is the longest streak in the history of the series with no recession. All segments of the durable goods report saw negative MoM moves with headline down 2.8% (small beat) but preior data was […]

Submitted by Charles Hugh-Smith of OfTwoMinds blog, If the four structural trends highlighted below don’t reverse, the middle class is heading for extinction. Everyone knows the middle class is fading fast. I’ve covered this issue in depth for years, for example: Honey, I Shrunk the Middle Class: Perhaps 1/3 of Households Qualify (December 28, 2015) […]Read More

Two days after the tragic terrorist attacks in Brussles, the situation remains extremely fluid, with the largest concern being that more sleeper cells may be activated especially since the third man who participated at the Zaventerm airport suicide bombing is still at large. Here, courtesy of the Guardian and Politico, are the most recent key […]

The last two days have seen 30Y yields plunge over 12bps (the biggest move since September’s Fed fold) to one-month lows. At the same time, thanks to The Fed’s hawkish jawboning, stocks are dumping also with The Dow joining the rest in the red for 2016. Gold is rallying back from its monkey-hammering yesterday but […]

Having blamed the weather for the Services PMI collapse into contractionary levels in February, the very modesty rebound (from 49.7 to 51.0) is a big let down: “The lack of a strong rebound in service sector activity in March is a big disappointment, as bad weather had been blamed for part of the weakness in […]