Submitted by Kevin Muir via The Macro Tourist blog,
...on Yardeni , stocks , CRB Raw Industrials , initial jobless claims , consumer confidence.
Years ago I stumbled upon this interesting stock market indicator created by famed strategist Ed Yardeni. I was intrigued because contrary to most equity models, Yardeni’s formula did not include the traditional inputs of earnings or interest rates.
By the SRSrocco Report,
When the paper markets finally collapse, the silver market is set up for much higher price gains than gold. Why? Because the fundamentals show that precious metals investment demand has put a great deal more pressure on the silver supply than gold... and by a long shot.
The Central Bank of Mexico hiked rates 50bps to 6.25% (as expected) and sent the peso rallying modestly. As Bloomberg notes, Banxico appears more concerned at inflationary pressures than growth slowdown.
Mexico Central Bank Issues Statement Following Rate Decision:
One week ago, we wrote that "Two Wars Are About To Break Out Over Border Adjustment Tax": one of which would include a group of opposing Republican Senators (and their lobbyists), and US retailers and importers, and a second which would be waged between the US and all of its major trading partners.
Does it make sense to any of you that Obama kept American tax rates at 35% during his administration, all the while burdening business with heavy regulatory fees, in spite of the fact that he presided over an economy that failed to break the 3%+ growth GDP for the first time in America history?
If I was a conspiratorial type, I'd suspect he was trying to hamper the economy on purpose.