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BIS Points Finger at Yellen, Draghi: Warns About "Unthinkably" Low Interest Rates, Bond Market "Dislocations" In it latest quarterly report, the BIS (Bank of International Settlements), pointed a direct finger at Fed chair Janet Yellen with an even bigger point at ECB president Mario Draghi.
See more here: Monthly Macro Update November: Mish Video With Gordon Long
Taken from: New Home Sales vs. Labor Force and Civilian Population; Factors Behind Decreasing Sales
ECB president Mario Draghi’s announcement today regarding more QE fell far short of the sky-high expectations of market participants. Draghi Recap ECB would continue its €60bn-a-month bond buying program for another 6 months until March 2017 “or beyondâ€
See the article here: Obama: "California Shooting Could be Terrorism"; Massive Weapons Arsenal Found; Suspects Radicalized in Trip to Pakistan
See original article: Factory Orders Bounce In-Line With Expectations; Autos Surprise to the Downside
US News reports US Construction Spending Jumps to 8-Year High, Lifted by Home Building, Federal Government .
Visit site: Chicago PMI Contracts Again, 6th Time in 10 Months; Service Economy Poised for a Big Slowdown?
The Guardian reports, John McCain and Lindsey Graham call for 20,000 troops in Syria and Iraq . Two senior senators called on Sunday for Washington to nearly triple military force levels in Iraq to 10,000 and send an equal number of troops to Syria as part of a multinational ground force to counter Islamic State in both countries. McCain, chairman of the Senate armed services committee, recently proposed intervention in Syria by a European and Arab ground force backed by 10,000 US military advisers and trainers.
Read More: Thin Crowds, Subdued Shopping on Black and Blue Friday; Thanksgiving Shopping a Bust