Former U.S. Vice President Al Gore talks about the state of American democracy, global climate change and the likelihood that Hillary Clinton will run for president in 2016. He speaks with Willow Bay at the Milken Institute 2013 Global Conference: “No meaningful reform that effects any powerful special interest can pass, unless that special interest first gives its permission…” No democracy here folks. Here is a direct link.
Danielle was a guest today on the Financial Survival Network with Kerry Lutz discussing recent trends in the world economy and markets, and what individuals can do to empower themselves. Here is a direct audio link.
The US dollar has weakened off today which may reflect a belief that this morning’s US recession warning from the Chicago PMI at 49 will prompt even more “support” from the Fed. The Canadian dollar has rebounded a bit the past 2 days in hopes that more stimulus will lead to more growth? or inflation? or BOC rate hikes? Not likely; 5 years of monetary mayhem haven’t delivered so far. Treasuries remain unconvinced with the US 10 year yield hovering slightly down on the day at 1.67. One thing for sure, the Canadian TSX composite is not looking strong here, as prices and buyers continue to retrench with the global economy.
Source: Cory Venable, CMT, Venable Park Investment Counsel Inc.
Meanwhile, the S&P 500 is looking positively crack-whacked with QE tortured pricing, poor participation and highly levered traders gunning for the sky. Jeremy Siegel must be right this time, what could possibly go wrong here??
