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Most read articles
Mish - Global Economic Analysis
Snowden Film "Citizen Four" Reveals How He Did It; Second Leaker Involved; Files on 1.2 Million Peop 
Once again I salute Edwards Snowden as an all-American hero. On second thought, make that an all-world hero. A movie on how and why Snowden revealed NSA wiretaps is about to be released. Showbiz reports Edward Snowden Doc Premieres: Shocking Inside Look at How He Did It. Citizen Four is the shocking doc about Edward Snowden made by Glenn Greenwald and Laura Poitras. Just screened tonight was the two hour film which will be released by the Weinstein Company this month. It doesn’t paint the Ob
Sunday, October 12, 2014
Mish - Global Economic Analysis
Irony of the Day: Yellen Moans About Income Inequality; Seven Things That Cause Inequality
Those seeking the irony of the day will find it comes straight from the mouth of the Fed Chair. Please consider Janet Yellen Bemoans Rising US Inequality. Janet Yellen decried rising inequality on Friday in an unusual speech that may lead to accusations of politicising the US Federal Reserve. Speaking at a conference in Boston, the Fed chairwoman said she was “greatly concerned” by rising income and wealth inequality, and asked whether it is compatible with American values. Her remarks will
Friday, October 17, 2014
Mish - Global Economic Analysis
  FBI Director Warns Google and Apple "If You Don't Decrypt Phones, We'll Do It For You" 
The Fourth Amendment to the US Constitution is crystal clear in meaning. The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no warrants shall issue, but upon probable cause, supported by oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized. FBI Director, James Comey, an Obama appointment, does not give a damn what the Constitution
Saturday, October 18, 2014
Mish - Global Economic Analysis
  Post-Foreclosure Hell: Garnished Wages, Seized Assets, Deficiency Judgments
In 2009 and 2010 "Walking Away" was the rage. (skip the adds and scroll down to my list of articles). Back then, I frequently cautioned Before Walking Away Consult An Attorney, advice repeated in nearly every reference to the practice. Walking away without declaring bankruptcy, especially with a recourse mortgage was always a dangerous practice. Moreover, law is complicated because rules vary from state to state, and non-recourse loans often became recourse loans if refinanced. Post-Foreclo
Wednesday, October 15, 2014
Mish - Global Economic Analysis
Top Secret Spacecraft Returns to Earth This Week After Two Years in Space; Rods From God
A US Air Force X-37B Orbital Test Vehicle has been in space for two years conducting top secret research. Mission The X-37B Orbital Test Vehicle, or OTV, is an experimental test program to demonstrate technologies for a reliable, reusable, unmanned space test platform for the U.S. Air Force. The primary objectives of the X-37B are twofold: reusable spacecraft technologies for America's future in space and operating experiments which can be returned to, and examined, on Earth. Features The X
Wednesday, October 15, 2014
Andy Hoffman - Miles Franklin
Coming Apart At the Seams 
Watching America’s “manipulation organizations” desperately attempt to repeal the rapidly approaching “reality tsunami,” all we can think of – with tremendous fear and consternation – is what the “other side” will look like.  With global economic activity and financial conditions far worse than the 2008 bottom – even before “the big one” commenced – we can only pray the “worst-case scenario” doesn’t occur, which even the status quo embracing MSM realizes is possible. Of course, this time around
Friday, October 17, 2014
Andy Hoffman - Miles Franklin
Worldwide Fiat Implosion: How High Can Silver Go?
Andy Hoffman spoke with SGT Report to discuss bond yields around the world have now hit an average an all-time low, global interest rates plunging, oil prices, Shanghai Gold Exchange, gold and silver.  To listen to the interview, please click below. Video: Worldwide Fiat Implosion: How High Can Silver Go?
Thursday, October 16, 2014
Mac Slavo - ShtfPlan
Trend Analyst on Stocks: “If The Dow Drops Below 15,000… I Would Suggest People Start Buying Food &
Stock markets across the world are starting to crack. Last night Europe was heavily in the red with drops in excess of 3% in some market exchanges. And, as soon as the bell rang this morning on the East Coast, U.S. stocks continued the global decline. Though the Federal Reserve released a report today indicating that the U.S. economy was on pace to grow moderately, investors were having none of it. After topping 17,000 for all time highs just a few weeks ago, stocks have tumbled over 1,000 point
Wednesday, October 15, 2014
Mish - Global Economic Analysis
Free Market Response to Ebola
In response to Obama's Lame Response to Ebola; No Protocols but Lots of Fearmongering one person responded that I was "over-cooking the Ebola crisis". Amusingly, another reader accused me of "underplaying the crisis". A third reader asked "what is the free market response?" A similar question arose in a comment to Acting Man's post The Ebola Outbreak – A Black Swan. Before tackling the free market issue, let's first review the government's response to date. Airport restrictions but only at
Saturday, October 18, 2014
Mish - Global Economic Analysis
Indianapolis Airport Unveils Roaming Customer Service Robot on Wheels; Next Big Thing in Airport Cus
The ongoing effort to replace human workers with robots took an interesting turn today as Indianapolis Airport Unveils Roaming Customer Service Robot on Wheels. A new customer service robot is now roaming around the passenger terminal of Indianapolis International Airport. The robot was rolled out Thursday, with a staffer guiding it remotely around the baggage claim area greeting travelers and looking for anyone who needed assistance. The robot looks like a miniature Segway, but with a blue c
Saturday, October 11, 2014
Mish - Global Economic Analysis
WalMart Margins Set to Plunge? Will Rest of Retail Follow? What About Jobs?
Retail sales reports on Wednesday have me thinking about the strength of the economy, commercial construction, jobs, and profit margins. Let's start with a look at retail sales. The Wall Street Journal reports U.S. Retail Sales Falter Amid Signs of Global Slowdown. Similarly, Bloomberg reports Weaker Retail Sales Signal Smaller Spending Boost. Retail sales dropped more than forecast in September on a broad pullback in spending that indicates American consumers provided less of a boost for
Thursday, October 16, 2014
Andy Hoffman - Miles Franklin
Crashing Oil Prices Portends Unspeakable Horrors
OK, so how about that for a headline?  And no, we’re not exaggerating as the charge toward global depression, war and hyperinflation is exploding out of control, like terrified wildebeest pursued by a den of lions.  We wrote last week that the only difference between 2008 and today – aside from tens of trillions of debt and historic geopolitical tensions – was the PPT’s ability to manipulate equity markets higher.  However, “Economic Mother Nature” is decidedly asserting herself; and consequentl
Wednesday, October 15, 2014
Mish - Global Economic Analysis
Greece 10-Year Bond Yield Soars to 9% as Prime Minister's Gambit Explodes; Snap Elections Likely, an
In the last three days, yield on the Greek 10-year government bond soared from 6.6% to over 9% before settling at 8.917%. Prime Minister Antonis Samaras' Gambit Explodes Greek bonds yields had already been climbing with the rise of the radical left Syriza party in recent polls. Icing on the yield-cake was a seriously misguided election ploy by prime minister, Antonis Samaras that blew up in his face. Greece’s beleaguered prime minister, Antonis Samaras, used a bold gambit last week to wi
Friday, October 17, 2014
Andy Hoffman - Miles Franklin
TPTB Losing Control Of Paper Markets – Physical Markets Next!
It’s Monday morning and the New York Fed’s new “Chicago office” has been busy all night attempting to reverse the expanding collapse of global financial markets.  Their pitiful efforts are attempting to mask the gaping wound of global economic collapse; and thus, whether they can will the “Dow Jones Propaganda Average” to reverse to the upside in time for next month’s elections is a 50/50 shot at best.  Irrespective, few people could care less, as retail participation in the equity market has pl
Monday, October 13, 2014
Andy Hoffman - Miles Franklin
Manipulation, Jawboning and Prayer
All I can say is this.  Yesterday afternoon’s “Miles Franklin All-Star Silver Panel Webinar” was an unmitigated success.  Direct questions regarding silver supply, demand, mining costs, inventories, and trading with David Morgan, Harvey Organ, Steve St. Angelo, and Bill Holter enabled listeners to derive a significantly better understanding of how tight the market is – and will likely be – in the coming years.  Thus, we courage that you will listen to it on the Miles Franklin Blog – and send it
Friday, October 17, 2014
Mish - Global Economic Analysis
Pain Trade, Treasury Bears, Margin Calls
I have been warning US treasury bears for quite some time, but I now wonder if we have seen a bit of short-term capitulation. Before discussing further, let's first look at a Mish Mailbag. Reader Rob writes ... Hi Mish I was thinking that margin calls would be made after today and could pull the market down further by Friday. Do you think margin calls would be made to any degree yet? Also your article Stock Buybacks Peaked With Stock Market in 2007: History About to Repeat? would be a gre
Thursday, October 16, 2014
Mish - Global Economic Analysis
McCain Calls for Ground Troops in Syria and an Ebola Czar; Secret Friends
I am seriously starting to wonder if Senator John McCain has lost his mind. In 2009, the Senator complained "Obama has more czars than the Romanovs." Today, John McCain, Czar Hater, Calls For Ebola Czar. Sen. John McCain (R-Ariz.) believes President Barack Obama should appoint a "czar" to lead America's response to Ebola. "From spending time here in Arizona, my constituents are not comforted. There has to be more reassurance given to them. I would say that we don't know exactly who's in char
Monday, October 13, 2014
Andy Hoffman - Miles Franklin
My Most Important Audioblog Yet
On his weekly podcast, Andy Hoffman discusses the U.S. dollar, oil prices, gold and silver, U.S interest rates, record Silver Eagle sales and retail sales.   To listen to the audio, please click below. Download the audio file: My Most Important Audioblog Yet Video: My Most Important Audioblog Yet
Thursday, October 16, 2014
Tim Iacono - Iacono Research
Food Stamps and Unemployment
More evidence that the current economic “recovery” is unlike any other comes via Robert Doar in this item at Real Clear Markets where food stamp SNAP (Supplemental Nutritional Assistance Program) usage has failed to take its usual course following the end of a recession by moving lower along with the unemployment rate. Of course, new claims for unemployment insurance reached a 14-year low earlier today, so, the recent trend shown above shows no sign of reversing. Why is this happening? The answ
Thursday, October 16, 2014
Tim Iacono - Iacono Research
Thursday Morning Links
MUST READS Share prices continue to slide – BBC Fear Goes Viral on Wall Street – Fiscal Times Risk of Deflation Feeds Global Fears – WSJ What the heck should the Fed do now? – CNN/Money Falling oil prices shake up global economies – AP World economy so damaged it may need permanent QE – Telegraph Treasuries Gain as Oil Drops Below $80 While Stocks Slide – Bloomberg The Depressing Signals Markets Are Sending About the Global Economy – NY Times This is who’s getting really walloped by the stock sl
Thursday, October 16, 2014
Mish - Global Economic Analysis
UKIP Support Hits Record High 25% of Voters; Let's Be Clear: Cameron Clearly a Fake Conservative Lia 
Support for UKIP (United Kingdom Independence Party) hit a record high 25% following recent elections that gave UKIP its first ever seat in the British parliament. Still that's one seat out of 650. Is UKIP anything Cameron's Tory party or Labour need fear? In case you don't already know, the answer can be found in Poll: Support for UKIP Hits Record High. Support for the anti-EU UK Independence Party hit a record high of 25%, an opinion poll showed yesterday (12 October), days after it won it
Tuesday, October 14, 2014
Mish - Global Economic Analysis
  Challenge to Keynesians "Prove Rising Prices Provide an Overall Economic Benefit"
The ECB has been concerned about falling consumer prices. I propose that's 100% stupid, yet that's the concern. When the euro declined vs. the US dollar, the ECB was happy that inflation would inch back up. The fear now is that falling oil prices will take away the alleged gain of a falling euro. With that backdrop, credit the Financial Times for the absurd headline of the week: Eurozone Fails to Benefit from Weak Currency as Oil Price Slides. Pity the policy makers given the job of rescuing
Monday, October 20, 2014
Andy Hoffman - Miles Franklin
Ebola – Insult to Injury
First, let’s start with the blindingly obvious; i.e., the “injury” noted above.  Which is increasingly indisputable clarity of a world hopelessly mired in deep expanding recession.  What we witnessed in 2009-14 – you know the “recovery” in which global debt, inflation and unemployment surged – was the “eye” of a Cat-5 economic hurricane caused by the world’s printing presses dating to the “Big Bang” of August 1971.  And now, the powerful “back end” of the storm is here; which until the Ides of O
Tuesday, October 14, 2014
Mish - Global Economic Analysis
End of U.S. Dollar Hegemony - Not
Is the end of US dollar hegemony at hand? Inquiring minds may be asking that question given China’s Zhou Says Some Countries Using Yuan in Reserves. Some countries are already using the Chinese yuan in their foreign-currency reserves without announcing it publicly, central bank governor Zhou Xiaochuan said. While China’s yuan has begun to be used as a reserve currency for several years, some countries “may not be willing to say so,” Zhou told Bloomberg on the sidelines of the International
Monday, October 13, 2014
Mish - Global Economic Analysis
Obama's Lame Response to Ebola; No Protocols but Lots of Fearmongering; Where's the Common Sense?
Ebola Fearmongering I seldom watch TV. But today I am on the road and watched CNN from a restaurant. I did not have sound, but I did see captions. CNN's headline story was ridiculous. CNN placed the blame for the intraday DOW plunge of 460 point on ebola. There was no mention of the 21-Point Plunge in Empire State manufacturing Index. Nor was there any mention of weak consumer spending. What about PEs in the stratosphere? No mention of course. (For discussion, please see Stock Buybacks Pea
Thursday, October 16, 2014
Andy Hoffman - Miles Franklin
Miles Franklin After-Hours Precious Metal Ordering Options
Heading into what could be extremely turbulent times in the economy, financial markets, and society in general, we want to make sure clients and potential clients realize Miles Franklin has multiple options for purchasing precious metals when the “office is closed.” From Monday through Friday, our brokers are in the office bright and early until the day’s trading is through.  However, we also have the capability of locking in prices until 9:00 PM Central Standard Time, seven days a week.  To tha
Friday, October 10, 2014
Andy Hoffman - Miles Franklin
Bull Riders – Andy Hoffman, Claudio Grass, The Doc and Turd Ferguson
Andy Hoffman participated in the Rory Hall’s “Internet Rodeo” podcast, featuring an all-star panel of Precious Metal experts featuring Andy, Claudio Grass of Global Gold, Turd Ferguson of TF Metals Report and the “Silver Doctor.”   They discussed record gold and silver demand, Switzerland Gold Initiative, China’s reserves, the U.S. dollar, the stock and bond market.  To listen to the interview, please click below. Video: Bull Riders – Andy Hoffman, Claudio Grass, The Doc and Turd Ferguson
Monday, October 13, 2014
Andy Hoffman - Miles Franklin
A New Hope
Long-time readers know I am the ultimate Star Wars fan.  In my view, George Lucas is the Albert Einstein of movie-making; and joining with Disney has only made the franchise stronger.  One of my favorite Star Wars creations is the recently completed, seven-season animated serial “Star Wars-Clone Wars” – of which, I woke up Sunday morning at 3:00 AM to watch the final seven episodes. Star Wars’ creators clearly have very strong political views – in my view, quite similar to the majority of Miles
Monday, October 20, 2014
Tim Iacono - Iacono Research
Friday Morning Links
MUST READS Wall St. Might Know Something We Don’t – NY Times Greek drama: Bond yields near 9% threshold – CNBC Bullard Challenges Fed to Respond to Weakening Inflation – Businessweek ECB to start asset purchases within days: Coeure – MarketWatch BOE chief economist says rates to stay low until after mid-2015 – Fox Business BOJ bill-buy offer fails to attract sellers, shows limits of easing strategy – Reuters Four Reasons the Bernanke-Yellen Asset-Price Inflation May Be Nearing Its End – Mises 3
Friday, October 17, 2014
Mish - Global Economic Analysis
21-Point Plunge in Empire State manufacturing Index, New Orders Contract; Future Expectations Remain
The Empire State Manufacturing Survey (a diffusion index) hit a multiyear high last month, then promptly crashed this month. Diffusion Index Problems The first problem with diffusion indices is they do not distinguish between big companies and small companies. The second problem is they record expansion or contraction in companies surveyed, but all expansions (and all contractions) are treated equally. Barely growing and wild growth are treated alike. Nonetheless, let's take a peek inside t
Wednesday, October 15, 2014

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