Economic Collapse

[basserdan]

Today's Economic Calendar
4:05 Fed's Williams Speech
8:55 Redbook Chain Store Sales
9:00 S&P Corelogic Case-Shiller Home Price Index
10:00 Consumer Confidence
10:00 Richmond Fed Mfg.
10:00 State Street Investor Confidence Index
11:15 Fed's Harker: Economic Outlook
1:00 PM Janet Yellen speech
1:00 PM Results of $34B, 5-Year Note Auction

Today's Markets
In Asia, Japan +0.4%. Hong Kong -0.1%. China +0.2%. India -0.6%.
In Europe, at midday, London flat. Paris -0.5%. Frankfurt -0.4%.
Futures at 6:20, Dow -0.1%. S&P -0.1%. Nasdaq -0.4%. Crude +1.1% to $43.84. Gold +0.5% to $1252.40.
Ten-year Treasury Yield +3 bps to 2.16%






A limerick for bank regulation
The sinister source of inflation
Printing and lending
Debt never ending
We're victims of bank speculation

As wages and welfare retreat
The robots we build can't be beat
Our capitalism
Is reaching a schism
This system is now obsolete

- The Limerick King