The news came as US retail figures showed lower than expected holiday sales figures across the market.
Atlanta Fed: Why it waited until the Stock Market closed tody to reveal the lowest Q4 Estimage yet ~ link ~ Trying to avoid panic as much as is possible! Stirling
UBS: Buy Gold ~ link ~ link ~
Yet one person who is far less sanguine abou the latest in a long series of central bank bailouts of the stock market is Macro-Allocation's Paul Brodsky, who believes that instead of the Fed Put, the time of the Fed Call has come.
China: Deep Economic Malaise ~ link ~
The upheavals in global share markets since the beginning of the year have focussed attention on China amid fears that the slump in its stock markets and the falling renminbi (yuan) are symptoms of a far deeper economic malaise. The slowdown of the Chinese economy, which is exposing massive overcapacity in industry and the property market, and high levels of debt, is threatening to trigger an upsurge in the class struggle.
This unseen situation for the States will develop itself in a cascade pattern with unprecedented and devastating effects for the economy.
Seasoned journalist financial and geopolitical analyst Mark Nestman, of Nestman.com, wrote in a recent column that "Cyprus-style bail-ins" are on the horizon, as embattled Western and Asian governments eye ways to perpetuate their shell-game economies.
The price for a barrel of bitumen, the tar-like oil sands that comes from Alberta, fell to just over $8 per barrel this week. That is not a typo. Bitumen traded at $8.35 per barrel on Tuesday.
Royal Bank of Scotland: Prepare for a Stock Market Crash ~ link ~
A combination of low oil prices, the collapse of commodities prices, growing income inequality and the economic slowdown in China will cause a repeat of the financial meltdown of 2007-2008, RBS’s head of European economics, Andrew Roberts, predicts.
Market Crash: $2.3 TRILLION GONE ~ link ~ The 'shit is hitting the fan'!!! Stirling