Submitted by Lance Roberts via RealInvestmentAdvice.com,
Review & Dow 20,000
This past week, the market advanced 3% heading towards my target of 2400. The Dow broke above 19700 and is within striking distance of the “psychological” summit of 20,000.
With just 250 points to go, it is extremely likely traders will try and push stocks to that level by Christmas. Woo Hoo!
By EconMatters
Economic theory suggests that ultimately somebody still needs to go out of business in the oil industry, and after 2 plus years of massive declines in prices we seem to be right back where we started with this oversupply crisis in the oil market.
The Bank of International Settlements is particularly good at two things in its periodic quarterly review update: i) stating the obvious, especially when it comes to summarizing the trader and market participants concerns at any given moment, and ii) having its constituent central bank members - after all the BIS is the "central banks' central bank" - ignore all of its warnings.
Indian Government Is Self-inflicting India With A Humanitarian Crisis
In exchange for bags of money government officials in India are producing a massive humanitarian and food crisis inside India for the profits of global agri-business.
http://www.globalresearch.ca/entrenching-capitalist-agriculture-in-india-under-the-guise-of-development/5561446
The post Indian Government Is Self-inflicting India With A Humanitarian Crisis appeared first on PaulCraigRoberts.org.
The Obama administration admitted nearly 85,000 refugees into the United States in fiscal year 2016, the highest number since 1999. Moreover, as we noted back in September, Obama's administration has laid the groundwork to increase that number even further in fiscal year 2017 to 110,000 (see "Hillbama Administration Plans To Admit At Least 110,000 Refugees In 2017").
Of course, not every state is doing their "fair share" to house the massive influx of immigrants with Pew Research Center recently pointing out that the top ten states are taking in 54% of refugees.