SUNDAY 12/7/14; Global Social Unrest

Protests continue in major US cities against the St Louis and New York City grand jury decisions that exonerate police officers for using deadly force against American citizens. Protestors in New York chant, “How do you spell racist? N-Y-P-D (New York Police Department).” Demonstrations are targeting malls and transportation hubs with protestors laying down staging die-ins and remaining generally peaceful. In Berkeley, California, however, protests t

























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.......... 10-year 2.31%, 30-year 2.97%.

Daily Chronology of Global Markets and World Economics November Publication Available on Amazon

The November publication of the Daily Chronology of Global Markets and World Economics 2014-11 is available through Amazon. November was another wild month for markets staging a continued recovery off the mid-October bottom. Stocks are ratcheting higher cascading into December with the PBOC and ECB central bankers stepping in last week to keep equity markets elevated. The Monthly Jobs Report is 321K jobs on Friday creating optimism.

As always, all monthly publications are available from the links in the left margin. We are living through historic market and economic times with a potential multi-year stock market top in the offing. The monthly publications include extensive Business Acronym and Ticker Symbol Lists.

Daily Chronology of Global Markets and World Economics 2014-11

SATURDAY 12/6/14; American Hostage Killed in Yemen

American hostage Luke Somers is killed in Yemen during a botched rescue attempt by US special forces. The official line is that Somers died at the hand of the terrorists but it












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 ...... that there are internal power struggles occurring behind the red curtain.

FRIDAY 12/5/14; ECB Rally Continues; BIG; Monthly Jobs Report is Blowout 321K Jobs; Dollar/Yen Hits 121; Factory Orders; INDU and SPX New All-Time Highs; Italy Credit Rating Downgrade; Dow 18K Beckons

The dollar/yen rises above 120. Japan’s Nikkei Index continues printing multi-year highs day after day on the weaker yen up for six consecutive sessions. NIKK +0.2%. Exporters are strong. Australian stocks began the day higher but 














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 The company is up for sale over the last few months but Cerberus has yet to find an interested buyer. Remington does not admit liability under the terms of the settlement.

THURSDAY 12/4/14; India's Nifty Index Record High; BOE Rate Decision; ECB Rate Decision and Press Conference; Challenger Job-Cut Report; Dollar/Yen Hits 120; TTC; DG; KR; ECB President Draghi Reverses Comments Creating Stock Market Rally; SPX and INDU New All-Time Highs; AMBA; FIVE; SWHC; ULTA

The dollar/yen is at 119.75 printing a session high at 119.88 as global Forex traders watch to see 






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 advising investors to decrease risk-taking here forward. Gross says that markets are reaching the point of diminishing returns. Traders are focused on the Monthly Jobs Report to be released at 8:30 AM EST. The consensus forecast is 230K jobs above last month’s 214K jobs with the unemployment rate steady at 5.8%.

WEDNESDAY 12/3/14; Australia GDP; Russia Ruble Collapse; Ukraine Nuclear Accident; Italy 10-Year Yield Drops Below 2%; Global PMI Services; ADP Employment Report; Productivity and Costs; ANF; ISM Non-Mfg Index; Beige Book; SPX and INDU New All-Time Highs; ARO; PVH

At 8:30 AM Hong Kong time (7:30 PM EST), Australia Q3 GDP is a miss at +2.7% year over year versus the +3.1% expected. The dollar/yen is 119.30 reflecting the weaker yen that sends the NIKK higher. Takata rejects 









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with Iraqi PM Haider al-Abadi in Paris. Iran fighter jets are striking ISIS militants in Iraq as the borders and regional wars across northern Africa and the Middle East become further blurred.

30 arrests occur in New York City during protests after the grand jury decision to not indict any police officers for killing an unarmed black man. A highway was shut down as demonstrators filled the streets. The police corral the protestors resulting in minor injuries. Protestors are ridiculing the police chanting, “Hands Up Don’t Shoot” and “I Can’t Breathe” referencing the St Louis and New York grand jury non-actions, respectively.

TUESDAY 12/2/14; China Stimulus Rally; Russia GDP Forecast Drops; Motor Vehicle Sales; Construction Spending; INDU New All-Time Highs

The central bankers are the market. The PBOC may announce additional reserve requirement cuts for the banks due to the weak manufacturing data. Asian stocks catapult higher on the news triggering limit-up circuit breakers. Traders do not care about company fundamentals; all that matters is if the central banks are pumping stocks higher with easy money. The Shanghai Index, SSEC, catapults +3.1% higher on the PBOC juice. The HSI gains +1.2%. Chinese banks explode higher with China Merchants Bank and Minsheng Banking each up over +10%. All Hail the central bankers! The Asian markets turn into a big stimulus party.

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T Boone Pickens says oil will return to $100 per barrel within 12 to 18 months. Boone typically leans bullish for the oil sector and his calls over the years are not particularly accurate.

About three-quarters of the homes in Detroit have power restored after today’s major outage. Utility crews continue working through the night. California receives rain to alleviate the multi-month and year drought but the rains are torrential creating flash floods and mud slides.