Here’s a quick, executive summary of stories from this abbreviated trading week, with a link to the full articles online.
Larry Edelson’s Shocking Forecasts
On Oct. 7, 2015, we will enter a new phase of the global economy as everything we know starts to change. Martin D. Weiss gives us the details of his in-depth Skype interview with Larry Edelson, and Larry tells us how — and why — the “Great Convergence” will be so devastating. Read the whole interview here.
A Serious Red Flag
Master limited partnerships, or MLPs, offer yields on energy production bought largely for safety and income. But they have dirty little secret. Find out why.
What’s with the Stock Market?!
The Dow Jones is down, far more stocks have been declining than advancing, and a bull market is advancing. What can we expect after a major stock market correction? Larry Edelson gives you his predictions here.
What is “Market Breadth” Signaling for Stocks?
Market breadth has taken a turn for the worse, indicating that a much steeper correction may be in the cards. Mike Burnick tells you why a market trading at a sideways chop for so long may be in danger. Read more here.
|America has become a renter nation as homeownership levels have fallen sharply.|
America Becomes a ‘Renter Nation’ — Should You Buck the Trend?
America has become a “Renter Nation.” That much is clear after the Census Bureau reported that the U.S. homeownership rate slumped to 63.4% in the second quarter. What does it mean for the housing industry, and what does it mean for you? Mike Larson takes a look.
The Week’s Hot News
Money and Markets columnist Mike Larson takes a look at key financial and political events around the globe after the market close. Here are the week’s highlights:
Chinese Stocks Tank Again — Is There Any Cure for the China Flu?
The Shanghai Composite has a serious case of China flu, Mike writes. The cause? Fear that the Chinese government and central bank are either unable or unwilling to continue trying to artificially prop up stocks. Read more here.
Autopilot Market Stumbles — Have Central Planners Lost Control?
We’ve recovered from every stumble, bounced sharply after each pullback, and have hardly seen more than a 10 percent market correction — all thanks to the world’s central bank planners. But that warm security blanket may be evaporating soon. Find out why.
Fed Keeps Relatively Mum as Market Turmoil Swirls
On Wednesday, the Federal Reserve’s mood projected calm, but the markets were anything but. Chinese stocks tanked while highly rated U.S. sectors got dragged through the mud. Read more.
Gangbuster Growth Still AWOL
The U.S. economy has been growing less than expected, data released in the GDP report showed this week. The numbers underscore how weakness in overseas economies, the stronger dollar, and the drop in oil prices are all working to hold the U.S. back. Mike takes a look.
The Money and Markets Team