“Buy Gold” As Equities “Rolling Over” – UBS
by Mark O'Byrne
UBS has warned that the seven-year cycle in equities is rolling over, we could see a sharp 30% correction in stocks and that as per the headline of their ‘Technical Outlook 2016?, it is time to “buy gold”.
Exchange says Nasdaq/Finra TRF -- a service dark pools and other off-exchange venues use to report stock trades -- is experiencing technical issue.
“Nasdaq is working on failing over affected connections and customers may see further disconnections as this process takes place,” Nasdaq says in notice at 9:32am.
NOTE: Systems like Nasdaq TRF knit together U.S. stock trading, which is spread across dozens of markets. Though trades could happen even without the TRF, they might not get recorded publicly.
By EconMatters
U.S. Production
The last 12 months have not been kind to WalMart.
When the world's largest retailer bowed to pressure to raise wages for its lowest-paid employees, the living wage crowd cheered. In short order, it became apparent that the reverberations from the $1.5 billion endeavor would spell trouble for the company.
When a series of ill-fated efforts to squeeze the supply chain failed to plug the gap, the company resorted to store closures (or "plumbing" as WalMart calls it), job cuts in Bentonville, and reduced hours.
As we wrote earlier this week, bursting of the bond bubble has begun.
The decision by Central Banks to “inflate” the system’s debts away post-2008 has resulted in the misallocation of trillions of Dollars of capital.
The worst offenders were Chinese corporates. China has created the single largest mountain of bad debt in the world. Indeed, things are so out of control in China that 45% of all proceeds from new bond issuance are being used just to pay off interest on old loans.