The Traderszone Network

It’s no secret that a majority of Americans believe Social Security is in trouble, but these two frightening statistics tell us just how much trouble the program may really be in.

While status quo-huggers are all too happy to point out gold and silver’s lack of utter exuberance amid this week’s carnage, perhaps they need to re-comprehend the difference between a heavily manipulated ‘paper’ market and the surging demand for physical precious metals that is evident in the 20-plus percent premium – and rising – being paid for silver bullion currently…

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There’s nothing major out of the Hole this time around so here’s the latest
BOE’s Mark Carney was pretty run of the mill and all but kept prior MPC language
– BOE can look through temporary disinflationary effect
Fed’s Stanley Fischer had a bit to say and it was a lot like his comments yesterday but just said differently

Medical marijuana’s reach has grown by leaps and bounds, but inside the workplace its usage is still considered taboo among employers.

The 57.98 million-share, or roughly 10.8 percent, stake was revealed in a Friday night filing with the U.S. Securities and Exchange Commission. Phillips 66 shares closed Friday at $77.23. Berkshire once held a large stake in the Houston-based company, but shed nearly two-thirds of it in February 2014 when it swapped $1.35 billion of shares for a chemicals business that it folded into its Lubrizol unit.

U.S. inflation will likely rebound as pressure from the dollar and other factors fade, allowing the Federal Reserve to raise interest rates gradually, Fed Vice Chairman Stanley Fischer said on Saturday. “Given the apparent stability of inflation expectations, there is good reason to believe that inflation will move higher as the forces holding down inflation dissipate further,” he told a central bankers’ conference in Jackson Hole, Wyoming.

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The analyst who in early June projected a 10% correction in the S&P 500 now believes the worst of the selloff is behind us.
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