Peter Schiff On the Debt Ceiling

‏@PeterSchiff 

Obama is wrong. It's raising the debt ceiling that is the height of irresponsibility 

The Income Gap and the Gold Standard

The Mises Institute writers pointed this out. Notice how the the income gap really began to open after Nixon took the country off the gold standard in 1971.

Economic Calculation In The Socialist Commonwealth (Part 1) by Ludwig von Mises

interesting

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High Volume High- 9/13 Trading Day Edition

Of the names making new highs on volume, two (UNFI and ULTA) were earnings related. Another names, VPHM gained on the rumor that the company was courting a suitor. RMTI gained on the positive talk on new and positive phase 3 results for its SFP compound. Lastly, YOKU and DNKN gained on no direct news for either.

Volume Off the High- 9/13 Trading Day

Not much going on related to names coming off the highs.... just two names in Friday's trading.

Prices Up/Demand Down- S&P 500 Price/Volume Heat Map for 9/13 Trading Day

In Friday's trading, the S&P 500 added roughly 30 basis points in value. Although the price levels gained, the overall demand levels came in on the weaker side. Strangely enough, consumer staples outperformed the rest of the sector groups on price basis, as investors looked to scoff up more shares in the group.

Despite seeing a number of days of lackluster demand versus the gain in equity prices, which suggests a shortening window of future price gains in my book, investors appear to be lathering themselves up over the news that Summers took himself out of the race for the Fed chairmanship. This paves the way the uber-dove Yellen to take the reins from Bernanke. Futures are up impressively on the rumor that Yellen, out of all the potential candidates, can hit the return button on the computer the fastest.

Week ending 9/13

Are We Rome? Ben Powell Compares the U.S. with the Roman Empire