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Money Market Mess (Global)
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EIA report: Massive Draw in Crude due to Hermine
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Medical School Professor: “Hillary Clinton has 1 Year to Live”
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Morning Note September 8, 2016

Untitled

Thur, Sept 08, 16

SPX Down, Dollar Down, Crude Down

ECB leaves interest rates unchanged at September 2016 meeting:

  • Main refinancing rate 0.0%
  • Deposit rate -0.40%
  • Marginal lending rate 0.25%
  • QE €80bn per month
  • QE to run to March 2017 or beyond if necessary

ECB: The Governing Council continues to expect the key ECB interest rates to remain at present or lower levels for an extended period of time, and well past the horizon of the net asset purchases.

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SCHIFF: Data Dependent Fed Ignores Bad Data
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Space Weather, Flood, Pain and Rain | S0 News
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API Report: Massive Crude Inventory Draw
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Commercial Real Estate: The King Kong of Category Killers

by 

We’re beginning to stare down the barrel of do-or-die time for the economy that is, unless you ask sell-side economists and those at the Fed. With a hat tip to the Daily Shot’s Lev Borodovsky for mining this little nugget: “Markit Economics put out a gloomy service sector report for the U.S., pointing to a one-percent third-quarter GDP growth rate. This result is completely inconsistent with the consensus projections as well as the Fed’s nowcast models.”

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From An Industrial Economy To A Paper Economy
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NASA Say Western Civilization Is About To Collapse
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