Craig Hemke: Unhinged Silver Fix and S&P Death Candle
Posted with permission and written by Rory Hall, The Daily Coin (CLICK FOR ORIGINAL)
I sat down with Craig Hemke, TFMetals Report to get a much-needed update on the S&P Death Candle and to get his take on what happened with silver last Thursday.
Ponzi schemes are as old as time.
Nonfarm Productivity collapsed by 3% QoQ, notably worse than expected as labor costs jump.
Economists are gnashing their teeth to explain this "plunging productivity paradox" - we think it is rather simple...
While only modestly tongue in cheek, here is what is really going on...
Another day, and another round of increasingly uglier news from the global energy sector.
Moments ago, energy giant ConocoPhillips announced it would cut the company’s quarterly dividend to 25 cents per share, compared with the previous quarterly dividend of 74 cents per share. This took place after reporting its biggest quarterly loss in almost a decade as independent oil producers feel the squeeze from the sharp decline in crude prices.
Seven days ago, Deutsche Bank turned in what various sellside desks described as “horrible”, “grim” results for both Q4 and 2015 as a whole.
The bank posted its first annual net loss since the financial crisis, reporting red ink that totaled more than $7 billion as investment banking revenue fell plunged by some 30%.
On Thursday, we learn that Credit Suisse lost nearly $6 billion in the fourth quarter. The 2015 net loss came to nearly $3 billion.