This just hit the lowest level in 8 years, keeping the bubbles alive, the FedEx signal, a look at gold, plus what’s wrong with this picture?
Lowest Level In 8 Years
September 19 (King World News) – Peter Boockvar: “As seen in the NY survey earlier this week, the 6 month business outlook for Philly was the soft spot, falling to 20.8 from 32.6 and that is below the 6 month average of 25.3 and near the lowest level in 8 years. (See below).
Philly Manufacturing Index Plunges Near Lowest Level In 8 Years
What’s Wrong With This Picture?
Ronnie Stoferle: Values considered important (by generation):
Values Considered Important By Generation
Keeping The Bubbles Alive Takes Global Central Bank Coordination
Hong Kong: easing
South Africa: easing
Jeroen Blokland: “Norway continues to be a central bank ‘outlier’ as Norges Bank raises rates again. (See below).
Rebel Norway Continues To Increase Interest Rates
The FedEx Signal
The Daily Shot: “Chart: FedEx sending a signal on the economy – (see below).
FedEx Sending A Signal About US Economy
Ole Hansen, Head of Commodity Strategy at SaxoBank: “Hawkish rate cut from the FOMC sends gold looking for support again. So far it’s finding it. Lots of questions for Powell next (see below).
So Far Gold Is Finding Decent Support Below $1,500
Fed Rate Cuts And QE? Plus When It’s OK For Bears To Fight The Fed
READ THIS NEXT! Fed Prepared To Go Medieval With Rate Cuts And QE, Plus Here Is When It’s Ok For Bears To Fight The Fed CLICK HERE TO READ
***KWN has now released the powerful audio interview where Dr. Stephen Leeb says the world may see $20,000-$25,000 gold CLICK HERE OR ON THE IMAGE BELOW.
More articles to follow…
In the meantime, other important releases…
Fed Cuts Interest Rates, But Here Is The Bottom Line CLICK HERE TO READ
FOMC: Wild Moves Over The Past Two Days, Plus The Fed Created A Monster CLICK HERE TO READ
Fed’s Emergency Injection, Lehman Ring Any Bells? What The Hell? GOLD: May Be Setting Up For FOMC Tomorrow CLICK HERE TO READ
Gold Back Above $1,500 As Crude Oil Consolidates Gains, But Take A Look At This CLICK HERE TO READ
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