Empire State Manufacturing: Biggest Losing Streak Outside of a Recession

This is the fourth straight month in a row that it`s been down and all of the components were very weak. This is the biggest losing streak for this index outside of a recession. So, maybe we are in a recession and that is why we are getting readings that are consistent with a recession or the recovery is so weak that its like a recession.

The Federal Reserve Will Find An Excuse Not To Raise Rates

With the Dollar rallying, commodity prices falling, the Federal Reserve has another reason to say, Well, you know, inflation is too low, we do not have meet our inflation goal and it can easily get away without raising interest rates in December.

China Is Accumulating Gold Quietly and Secretly

I think China is deliberately underreporting their gold holdings. I think they are accumulating more and more gold (SPDR Gold Trust ETF (GLD)), quietly and maybe secretly because I do think that ultimately that is their intention, to have a gold backed Yuan becoming the predominant currency in the world.