Tim Iacono The Commerce Department reported(.pdf) that housing starts fell 0.3 percent in October to an annual rate of 628,000 units and permits for new construction (a key leading indicator for the industry)  jumped 10.9 percent to a rate of 653,000, however, as shown below, residential construction remains in a deep funk, current levels of home...

Courtesy of Mish Banks keep investors in the dark on trillions of dollars of derivatives risk by only reporting net exposure. Here is a net exposure example to show what I mean. Suppose I owe my sister Sue $250,000 and Uncle Ernie owes me $250,000. My net position would appear to be zero. But what if uncle Ernie is bankrupt or simply will never pay...

by Karl Denninger A gentleman who has occasionally popped up on the forum unmasked himself the other day and was interviewed in the “mainstream media” – ABC News’ European desk. ALBERICI: “How certain are you that UniCredit broke the law while you were there?” JONATHAN SUGARMAN: “A hundred per cent certain and to use...

Great news. By now you know about Andy Man’s stellar performance in 2011. He turned $1,600 into over $1.4 million in 5 months, and he paid himself a $329,260 income from his trading account. All while trading part-time and working his full-time job as an engineer. Well, starting tomorrow, Andy will start sharing his trades as he makes them in the...

By Marin Katusa, Casey Energy Opportunities Let’s begin by positioning the sector. Investing in a pipeline company is similar to investing in a utility: Like electricity providers, pipeline companies operate in heavily regulated environments, and once they are up and running, pipeline operators enjoy stable cash flows from long-term contracts. In...

Oil Price.com January Crude Oil finished sharply higher for the week, settling well above a key 50% support at $95.29, but below 61.8% resistance at $99.99. Additional Gann angle support is at $99.36 this week. The next important upside target is a downtrending Gann angle at $101.23. The $99.36 to $99.99 combination should act as a pivot zone, controlling...

Courtesy of ZeroHedge. View original post here. Submitted by Charles Hugh Smith from Of Two Minds Why Isn’t Anyone Talking About Writing Off 3 Trillion Euros of Bad Debt?   The only solution to bad debt is to write it off–renounce it all. Why aren’t those who took the risks for their own private gain being forced to absorb the losses? We...

We all better hope I’m wrong on this one, but I think the CRB just put in its three year cycle low in October. I’m also afraid that Bernanke has done irreparable damage to the dollar. If I’m right about both of those assumptions then we are on the brink of a historic inflationary period. I’ve marked the major three year cycle...

by Karl Denninger http://www.cbsnews.com/video/watch/?id=7388130n&tag=contentBody;storyMediaBox and… http://www.cbsnews.com/8301-504803_162-57323518-10391709/questioning-pelosi-steve-kroft-heads-to-d.c/?tag=contentBody;listingLeadStories Insider trading by Congress; I’ve been covering this since The Ticker began.  It’s legal for...

If you’re confident in your ability to trade… … then I want to make sure you see this new presentation. In it, you get all the information you need to trade the same Million Dollar Method Andy used to turn $1,600 into over $1.4 million in 5 months this year. Click here to get all the technical details of his Million Dollar Method. The...

At the beginning of this week I warned readers that the market was extremely overbought and that a top could be forming. While it is still unclear whether a major top has formed, it is without question that we saw a major correction on Wednesday as yields on Italian debt caused margin requirement adjustments at the London Clearing House. I generally...

Crude oil was THE commodity to trade back in 2007-2008 when prices rocketed above $145 per barrel then dropped like a rock all the way back down to $35 per barrel leaving many investors and traders either greatly rewarded or dead broke. Since then the focus of the world has moved to gold and silver as currencies spiral out of control with more and more...

David Banister- www.MarketTrendForecast.com Back on October 3rd, I penned a public article forecasting a major low in the SP 500 to occur around 1088.  The SP 500 had been declining from the 1370 highs this May and was in the 1130’s and nearing its final descent in a corrective pattern.  The next day, the market bottomed intra-day at 1074 and...

Fallond Stock Picks There was little change in the weekly picture as Large Caps continued to put their best foot forward, while Small Caps and Tech indices remained pegged by their respective ‘bear flags’ The Russell 2000 spent another week stuck under 760 and kept a potential of a bearish head-and-shoulder pattern in play. For this to be...

by Tyler Durden This is Jim O’Neill in about the most pessimistic light that his genetic makeup, not to mention GSAM employment contract, will allow him: What Was the Most Important Thing This Week? So once again, what a week. To most people, there has only been one thing that has mattered, Italy. I have been conducting a small poll throughout...