“Words”, oh how they can come back and bite you. In the case of President Obama his proclamation of drawing a line in the sand in regards to the use of chemical weapons on civilians, put him on the path to act decisively. Assuming it was the Syrian Government that supposedly used these weapons on...

An unprecedented three rounds of central bank stimulus have helped drive the S&P 500 up 149 percent from a 12-year low in 2009. The index slumped as much as 5.8 percent after Bernanke signalled on May 22 that the Fed could start scaling back bond purchases as soon as September. Stocks have since recovered all...

21 Candles to help light your way-a father’s advice to his sons by Pat Ruggles 1. Think! 2. Don’t feel superior to anyone or anything. 3. Don’t feel inferior to anyone or anything. 4.Seek your passion and then pursue it fully and expect to succeed-Ask yourself   “Why not me?” 5. Begin – The old proverb...

Ireland has seen its youth unemployment rate drop for 10 of the last 11 months and has dropped to a ‘mere’ 26.6% – the lowest since July 2010 – in what is truly the only possible silver lining in today’s dreadful data. Four other nations now have broken the 40% youth unemployment with Italy finally...

U.S. consumer confidence index climbed to a five-year high of 76.2 in May from an upwardly revised 69.0 in April. The increase beat the forecast of economists, who expected the index to rise to 72.3. Consumers were more optimistic about the health of the economy over the next six months. They were somewhat less optimistic...

The number of people who applied last week for new unemployment benefits surged to the highest level in a 1 and ½ months, confirming the U.S. labour market is  not healing fast enough to bring down the countries jobless rate. The market confirmed that the economy is deteriorating and completely disconnected from the reality. First,...

The March data showed that wholesale sales disappointed, and instead of growing 1.5%, declined by -1.6%, below expectations of a 0.1% rise. This was the biggest drop in sales since March of 2009: another nail in the coffin of any recovery dreams, showing that indeed the end-demand weakness has been quite widespread.  Sooner or later...

The ISM Manufacturing report for April declined from 50.7, down from 51.3, the lowest since December 2012. The good news: it was still above 50 and beat expectations of a 50.6. The Employment Indicator, which came at 50.2, down 4 on the month and was the lowest since November, tied with the biggest drop since...

Previously, levered hedge funds were forced to sell gold on stock margin calls. How long until today’s gold plunge, the largest 2-day drop in the past 30 years, forces funds to start selling stocks to meet margin clerk’s vocal demands some time around 2pm today? The rapidity of gold’s drop is impressive, concerning, and disorderly....

Retail sales in the U.S. unexpectedly fell in March by the most in nine months as employment slowed, showing households ended the first quarter on softer footing. The 0.4 percent decrease, the biggest since June, followed a 1 percent gain in February, as 85 economists surveyed called for an unchanged reading in March. Department stores...

            Jim Sinclair warned King World News that conflict has now erupted between Western central planners as the elites have planned further wealth destruction.  Sinclair also cautioned that people in the US and Canada will be shocked when their wealth is stolen.  Below is what Sinclair, who was once called on by former Fed Chairman...

The yen headed for its biggest one-day decline against the dollar in more than two months after the Bank of Japan announced larger-than-expected monthly bond purchases at the conclusion of a two-day meeting, as reported by Bloomberg. Japan’s currency slid versus all of its 16 major counterparts as BOJ Governor Haruhiko Kuroda and his peers...