Silver as an investment

Category Archives: Empire State Manufacturing

Key Events In The Last Week Before Christmas

It might be the last full week before Christmas – with both newsflow and trading volumes set to slide substantially – but there’s still a few interesting events and data releases to look forward to next week. Among the relatively sparse data releases schedule, we get US GDP, core PCE, housing and durable goods orders […]

Global Stocks Tumble, Asia Plunges On Chinese Commodity Carnage

The euphoria of the past month has ended with a thud and BTFDers are strangely missing as the commodity chill out of China (which overnight became full blown carnage), has unleashed a global risk-off phase ahead of today’s critical CPI data, resulting in broad and sharp selling across global markets, as European stocks followed declines […]

New York Fed Manufacturing Surges To Highest In Three Years But Profit Margins Crushed

The August Empire State Manufacturing Index printed at a blistering 25.2, reversing last month’s plunge to 9.8, smashing expectations of a 10.0 print, and the highest print since September 2014. The surge was driven by the new orders index which rose seven points to 20.6 and the shipments index, which hit 12.4. Meanwhile, delivery times […]

Oil Surges After Saudis, Russians Agree To 9 Month OPEC Output Cut Extension; US Futures Flat

In an otherwise quiet session in which European shares dropped, Asian equities rose and S&P500 futures were little changed, crude oil surged above $49 on high volume, after the Saudi and Russian energy ministers said in Beijing they favor extending the OPEC production cut for 9 months, though the end of Q1 2018. WTI rose […]

Is The Fed About To Drop The MOAB On Wall Street?

Authored by Michael Pento via PentoPort.com, Wall Street and our central bank are in for a rude awakening very soon! The idea that the US economy is on stable footing and about to experience a surge in growth is ridiculous. Hence, the consensus that the Fed can normalize interest rates and its balance sheet is […]

Global Stocks Slide, Futures Pressured As Bond Yields Jump To Highest Since June

World stocks started the week in the red Monday as the dollar touched a 7-month high and U.S. and European government bond yields climbed to their highest since June following the Friday speeches by Eric Rosengren and Janet Yellen which hinted the Fed’s next step could be to pursue a steepening of the TSY yield […]

ZeroHedge: All Eyes On Yellen As Global Stocks Rebound Despite Brexit Fears, Record Low Yields

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Following MSCI’s second Chinese snub in as many years, when yesterday the indexer again decided not to include China in its EM index due to concerns over Chinese “market integrity”, there was some concern that Chinese stocks would tumble now […]

ZeroHedge: US Recession Data Signals It’s A Very Short Road To Capital Controls

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Submitted by Simon Black via SovereignMan.com, “Prosperity is like a Jenga tower. Take one piece out and the whole thing can fall.” That’s a direct quote from John Williams, the President of the San Francisco Federal Reserve Bank in a […]

10 Investor Warning Signs For 2016

Submitted by Michael Pento via Contra Corner blog, Wall Street’s proclivity to create serial equity bubbles off the back of cheap credit has once again set up the middle class for disaster. The warning signs of this next correction have now clearly manifested, but are being skillfully obfuscated and trivialized by financial institutions. Nevertheless, here […]

Empire State Manufacturing Misses: New Orders Slide To 16 Month Lows, Capex Plunges

At 6.90, Empire State Manufacturing missed expectations of 8.00 (and dropped from the previous 6.9 print) for the 2nd weakest print in 11 months. While New Orders tumbled back into the red (and 16-month lows), average workweek and number of employees rose markedly (making this survey once again seem a total farce). "Hope" for the […]