Michael Shedlock's picture

Alternative Bank Schweiz (ABS), a small bank in Switzerland broke the negative interest rate on deposits barrier, CHARGING customers to cake their money. (emphasis in caps from the article). "The Alternative Bank Schweiz wrote to customers telling them they would face a -0.125 per cent...

Sheraz Mian's picture

The major indexes are on track to for a weak open, with heightened geopolitical tension superceding the positive revision to the Q3 GDP growth pace. The Middle East is a complicated region in the best of the times and it has become even more so with the rise of ISIS and the entry of Russia in the...

Matthew Kerkhoff's picture

The S&P 500 is mostly flat for the year, but beneath the surface there has been a lot of movement. Some sectors, such as consumer discretionary, have pulled the major index up, while others are acting as a counterweight. The chart below shows YTD performance for each of the nine...

Ben Hunt PhD's picture

The world made two discoveries last week. Everyone is aware of the first discovery – that ISIS is not “a junior varsity team” but an able protagonist in what Pope Francis quite rightly calls “a piecemeal third World War”. Very few are aware of the second discovery – the existence of...

Michael Shedlock's picture

In response to the Paris terrorist attacks, President Obama essentially said terrorists are welcome here. ABC News reports Obama Vows to Veto Bill Increasing Screening for Refugees. "President Barack Obama is vowing to veto a bill from House Republicans that would increase ..."

John Mauldin's picture

Soon after the Paris attacks, I picked up the phone to talk over the situation with my friend George Friedman. George is one of the truly world-class thought leaders on geopolitics. We had an animated 20-minute conversation. I didn’t particularly like what I heard.

Marc Chandler's picture

How much of a headwind is international exposure causing US-based companies? Factset did a study earlier this month, drawing on a combination of companies that had already reported Q3 earnings and used estimated results for those who had not reported.

Clif Droke's picture

The last 15 years have been among the most turbulent on record. Since the year 2000, America has experienced two recessions (including a near depression), two stock market crashes, numerous selling panics, two terrorist attacks, and one of the slowest economic recoveries on record. Just when...

Ned W Schmidt CFA's picture

Is US inflation setup to upset the markets? Motivation for considering this question begins with graph to right. Plotted in that chart is the year-to-year percentage change for the median US CPI. That measure is calculated monthly...

Michael Shedlock's picture

The idea that technology is a tax on anyone is ridiculous. Technology always has, and always will enhance quality of life, with the exception of war-mongering technology. What is clearly a regressive tax on the poor is central banks' efforts to force inflation in a deflationary world.