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While Small Caps and Trannies ended red, the other major indices held on to gains (record highs for Dow, S&P), though Mexico City's quake took some shine off in ther afternoon...
Actions of A Bully Child or Dying Empire: Sanctions and Threats
Posted with permission and written by Rory Hall, The Daily Coin
As the Western world continues to slide into the dust bin of history, it is not going without a fight. As with any “wounded animal”, once the reality of pain permeates the body, it typically lashes out at anything or anyone within arms' reach. In the case of the Western world, arms'-reach is merely the push of a button and everything begins to change.
S&P futures are little changed as the Fed begins its two-day FOMC meeting pushing the VIX below 10, down 1.3% and falling for the 7th day; European shares are lower as is the dollar while Japanese stocks soar on the back of a tumbling yen as a snap election in Japan now appears imminent. Despite the cautious action ahead of the Fed, the The MSCI All-Country World Index rose 0.1% to a new record high.
Submitted by Bill Blain of Mint Partners
Blain’s Morning Porridge – September 19th 2017
“I had to phone someone so I picked on you. Hey, that far out so you heard him too..”
There is a veritable hurricane of new issues hitting the market. Like the new Ukraine deal they are being priced to sell – perhaps racing to get down before the rains come. There is the sure and certain knowledge this feeding frenzy is going to stop. With a thumping great crunch.
Authored by Mike Shedlock via MishTalk.com,
Facebook founder Mark Zuckerberg Supports Universal Basic Income.
In its basic form, universal basic income means “everyone gets a paycheck, whether they have a job or not.”
Many expect even more. They want a guaranteed “living wage”.
Useless Trials
Such schemes cannot possibly work. But that does not stop fools from trying.