Business

Having soared to fresh 13 year highs in a quiet overnight session on thin liquidity due to the US Thanksgiving holiday, which sent the USDJPY just shy of 114 and the Yuan to 6.96, the dollar pared back its weekly advance with modest profit taking after traders wondered if the rally has gotten "too stretched." European shares were fractionally higher, with Asian stocks and US equity futures rising and both the Dow Jones and the S&P set for new all time highs.

Submitted by Mike Shedlock via MishTalk.com,

Whatever numbers the retail association posts this weekend for Black Friday (typically overoptimistic assessments) are likely to be skewed this year even more.

The New York Times expects a Less Frenzied Black Friday as Millennials opt to stay away.

If you’re in the retail business in the United States, you probably really care about these two things: millennials and Black Friday.

 

A group of angry farmers in Argentina have successfully stopped the expansion of a Monsanto facility and have halted future construction plans. Farmers, anti-GMO activists, and concerned citizens bravely occupied the Monsanto plant in Malvinas, Argentina, by descending on the property and refusing to vacate. Csglobe.com reports: “Residents of an Argentinian town have forced one of Monsanto’s half-completed GMO seed plants to be dismantled,” says Christina Sarich, writing for the Underground Reporter.

Last week we posted the report by ADM ISI's Paul Mylchreest “Dollar Liquidity Threat is Getting Critical and the Fed is M.I.A” which summarized some of the key points in the ongoing, second phase of global dollar shortage, profiled here first in the start of 2015 and validated recently by the BIS. We discussed the bitter (and all too predictable) irony that the Federal Reserve doesn’t “get it”, having recently declared that that liquidity in financial markets was “adequate.”

It isn't.

Submitted by Guy Manno via Crush the Market

The Aussie apartment boom that has turned into an epic bubble with record, sky-high prices, is showing all the signs for the perfect storm which will ultimately pop. With the popping of the apartment boom, it will simultaneously bring down the Australian economy, as the apartment market is set to have a sizeable correction in 2017 and 2018.

A short Look At Australia's Real Estate Market