The Falcons Are In Trouble But The Saints Might Be Back

TEN68TEN74TEN 12, CLE 9+1.2– NE68NE60ATL 7, NE 23-8.8– RKTEAMSEASONPOINTS PER GAMESEASONPOINTS PER GAMEDIFF.YEAR 2 RECORD The Falcons’ offensive decline is on track to be historicLargest changes in points per game between seasons, since 1970 * Through first six gamesSource: ESPN STATS & INFO IND55JAX58JAX 27, IND 0+10.8– ARI53LAR55ARI 0, LAR 33+5.1– PHI69PHI69WSH 24, PHI 34-2.9– 2Buffalo197530.0197617.5-12.52-12 According to ESPN Stats & Info, only one team has suffered a worse offensive drop-off — another version of the Falcons, back in 1973 — and only two other teams have undergone a similar decline in offensive potency in the past 40 years: the 2015 Dallas Cowboys and the 2011 Indianapolis Colts, both of which scored a dozen fewer points per game than they had the year prior. Those two teams had something in common: The Colts (2-14) lost franchise quarterback Peyton Manning for the entire year when he was forced to have (another) neck surgery prior to the start of season. Likewise, the 2015 Cowboys (4-12) suffered their worst season since 1989, mostly due to multiple severe injuries to their signal caller, Tony Romo, who started just four games. But while those teams spent the majority of the year toiling under the likes of Curtis Painter and Brandon Weeden, the Falcons have no such excuse. (It should be noted that the 2011 Colts would earn the right to draft Andrew Luck No.1, while the poor showing of the 2015 Cowboys paved the way to the team picking Ezekiel Elliott — but the Falcons aren’t in that much trouble yet.)The NFL is unforgiving, and every team’s misfortune creates an opportunity for someone else. Atlanta and Carolina’s inconsistencies this year have allowed a familiar division foe to become relevant again: the New Orleans Saints. After a spell of mediocrity that saw the Saints finish with a 7-9 record in each of the past three seasons, Sean Payton’s team appear to be on the rise, for now. The Saints have climbed to sixth in our NFL Rankings, with an Elo rating of 1589.1Elo is a metric that estimates each team’s skill level using only the final scores and locations of each game. An Elo rating of roughly 1500 is considered average. At 4-2 and atop the NFC South, the Saints now have a 73 percent chance of making the playoffs and a 56 percent chance of winning the division — both of which are the best chances New Orleans has seen this season.We wrote at the start of the season that the Saints’ lack of success was not the fault of quarterback Drew Brees; if he benefited from even average defense — New Orleans ranked 28th, 32nd and 31st in points allowed per game from 2014 through 2016 — the team could likely get back to winning games. And lo and behold, that appears to be exactly what’s happening so far this season. New Orleans’ defense is hardly one of the best, but because it has improved to being simply OK — it ranks 16th in points allowed per game this year — Brees and the offense have had more room to breathe.FiveThirtyEight vs. the readersThough the readers registered a net loss of 14.2 points in Week 7 of our NFL prediction game — in which we invite readers to try to outsmart our Elo algorithm — they tied for their most successful week to date this season. The biggest net win of the week for readers, which also happens to be readers’ biggest net win of the season so far, came in the Saints’ 26-17 win on the road over the Packers. The readers took advantage of Elo’s inability to account for teams’ injuries in its predictions and selected a surging Saints team over an Aaron Rodgers-less Packers team, gaining 20.4 points over Elo on that game.The other double-digit net win for the readers came in the Jacksonville Jaguars’ shutout victory over the Indianapolis Colts. That means the Jaguars continued to haunt Elo for another week: Our algorithm now has a 1-6 record when predicting the outcome of games involving the Jags (that’ll teach us for joking about Jacksonville every week).It’s not too late to try your luck against Elo, so make sure you make your Week 8 predictions. DEN55DEN58DEN 0, LAC 21-5.7– SEA54SEA64SEA 24, NYG 7+6.1– CAR61CAR67CAR 3, CHI 17-9.7– MIA65MIA57NYJ 28, MIA 31-9.0– MIN68MIN66BAL 16, MIN 24-3.6– 2Atlanta*201633.8201721.3-12.5? 4Indianapolis201027.2201115.2-12.02-14 PICKWIN PROB.PICKWIN PROB.RESULTREADERS’ NET PTS 1Atlanta197322.719747.9-14.83-11 KC67KC70KC 30, OAK 31-6.7– GB63%NO60%NO 26, GB 17+20.4– PIT72PIT70CIN 14, PIT 29-3.4– DAL73DAL74DAL 40, SF 10-1.7– BUF67BUF61TB 27, BUF 30-6.3– 4Dallas201429.2201517.2-12.04-12 Elo’s dumbest (and smartest) picks of Week 7Average difference between points won by readers and by Elo in Week 7 matchups in FiveThirtyEight’s NFL prediction game OUR PREDICTION (ELO)READERS’ PREDICTION The NFC South has sent a team to each of the past two Super Bowls, making it one of the NFL’s most successful divisions by this metric. The Carolina Panthers — who lost to the Denver Broncos in Super Bowl 50 — followed up by winning just six games the next season and falling well short of making the playoffs. After losing in historic fashion to the New England Patriots in last year’s Super Bowl, the Atlanta Falcons are in danger of turning in a similarly lackluster post-Super Bowl season. The Falcons now have a 47 percent chance of making the playoffs, the lowest that number has been so far this season, according to FiveThirtyEight’s NFL Predictions.It doesn’t take a rocket scientist to figure out what has gone wrong for the Falcons this season. While Atlanta’s defense has improved from last year — 22 points allowed per game through six games this season compared with 25.4 points per game for the whole of last season — someone needs to issue an APB for the team’s offense. Because Matt Ryan’s MVP season last year was so good — the Falcons ranked in the top two on offense last year for points and total yards — anything short of another spectacular offensive season would be a setback. Part of the problem has been Ryan’s inability to connect with his receivers on deep throws: In 2016, Ryan completed an NFL-best 57 percent of throws that went 15+ yards downfield, according to ESPN Stats & Information Group, but that has dropped to 37 percent in 2017. This year’s offense still ranks seventh in total yards per game, but the drop-off in points per game has been historic. read more

Read More →

Football Johnnie Dixon sheds injuryplagued reputation with spring game performance

OSU redshirt junior wide receiver Johnnie Dixon (1) scores his second touchdown of the Spring Game on April 15. Scarlet beat Gray 38-31. Credit: Alexa Mavrogianis | Photo EditorWith around four minutes left on the clock, Ohio State redshirt freshman quarterback Dwayne Haskins took a snap for the Scarlet team in the annual spring game, and connected with redshirt junior wide receiver Johnnie Dixon for an 18-yard touchdown. Although any score is celebrated between the player who crossed the goal line and his teammates, this one especially got the sidelines in a frenzy.For Dixon, it had been three years in the making.“It was a lot of fun for me. Haven’t been able to catch a passing touchdown since high school days,” he said. “It’s always fun to go out and be able to compete because I’m fully healthy.”After being plagued with leg and knee injuries his first two years in Columbus, Dixon is finally in a physical state to compete. Last season, after dealing with arthritic knees, the Palm Beach, Florida, native had to sit and watch OSU play in a bowl game without him.Even worse, he had to watch the Buckeyes receive a 31-0 drubbing from Clemson.After struggling to stay on the field, and missing most of his first two seasons with the Scarlet and Gray, it had became almost too much for him. Dixon said he was nearly at his wits end, and was having thoughts about his future as he sat in his locker in Phoenix, Arizona, with a pained expression on his face.“I did not think I was going to be here,” he said after the spring game.OSU coach Urban Meyer was unsure what to do with his wide receiver who just couldn’t seem to play long enough to make an impact.“Johnnie is an enigma,” Meyer said after the spring game. “He’s a very highly recruited guy out of Dwyer High School, a very talented guy, nice person. But he got here, had this tendonitis and issues in his knees, and he would go two practices and have to miss two. And it was frustrating for all of us. When he was healthy, he just didn’t make plays, because he would never practice enough to get in the rhythm.”But, just four months removed from the day he thought his career might be over, Dixon shed the shell of an injury-plagued wideout, and performed in front of 80,000 fans in Ohio Stadium. It might not have been a real game, but it was still an immense step forward for a guy who thought his career was over.“It’s amazing,” Dixon said. “I haven’t missed a day of practice. It’s been a long time since I’ve done that. It was amazing. Every day to be out there, to bring the energy to the group and all that. It was an amazing feeling.”With the lack of a deep threat last season, Dixon showed he very well could provide downfield potential on Saturday.He torched redshirt sophomore cornerback Kendall Sheffield on a 44-yard fade route from redshirt sophomore quarterback Joe Burrow. Sheffield got his head turned in the wrong direction, and Dixon made him pay with a score.However, perhaps the most impressive feat for Dixon was his showstopping juke, leaving three defenders in the dust. On a pair of knees that have been known to fail him before, Dixon pulled off the best move of the day.The crowd seemed to hold its collective breath for a moment, before letting out an exuberant cheer.Dixon enjoyed putting his moves on display, and even seemed to surprise himself.“I haven’t done that one since elementary school,” he said.Coming into 2017, Dixon has just seven career receptions for 55 yards. On Saturday, he posted six receptions for 108 yards and a pair of touchdowns, and consistently appeared up to the task of being the shifty down-the-field target OSU has been missing.Burrow was especially impressed with his performance. “When I got here two years ago, I thought he was a freak athlete,” Burrow said. “I didn’t really know he had the injury problems and obviously they just kept building up. This spring, it looks like he’s been healthy. He’s had a great spring. Obviously really fast, really explosive, and he’s a great guy to have on the team.”Still, the fact of the matter remains that Dixon has a history of limited play due to problematic knees. Even though injuries to the lower extremities have ended the careers of wideouts early in the past, Dixon isn’t worried about what could come if he goes down again.“I’m not concerned about it,” he said. “You gotta let that go. You can’t think about it. Just continue to hit my rehab how I am. If I’m feeling good like this every day, I feel like I can do it in the season.”It’s been a long journey for Dixon to even get on the field for a simple intrasquad scrimmage. Whether he can stay a relevant factor on offense remains to be seen.Dixon will get his chance again when OSU kicks off the regular season on Aug. 31 against Indiana. read more

Read More →

Sufiyana celebrations

first_imgThe melodious tune of Tufail Sanjrani, a Sufi Singer from Sindh, Pakistan will overwhelm the audience along with some Sindhi Sufi Kalam by Padmashri Shanti Hiranand, Dushyant Ahuja, Uma Lalla, Ghansham Vaswani, Kajal Chandiramani  & Sadhna Bhatia to be staged on 22 March.The audience will get engulfed on second day of the festival (23 March) which presents Kathak Dance on Sajan-Rahiyo-Aa Raha Hoo Mein, and Sindh Sufi Kalam of Taj Mastani. The festival will further add to the spirit of Sufi Lovers as the entry is made free on first come first basis.WHEN: 22-23 March; TIMING: 5.30 pm onwardsWHERE: Indira Gandhi National Centre for Arts, CV Mess Janpathlast_img read more

Read More →

Punjab scientist finds new tech for DNA amplification

first_imgExploring the role of a parallel DNA in a living cell, a scientist from Punjab has claimed to have developed a new technique for its amplification, saying that the research will help to find better remedial solution for Cancer, TB, AIDS and other fatal diseases.This is a development for new “Parallel DNA Polymerase Chain Reaction (PD-PCR)” for two different products from a DNA template, Dr Vikash Bhardwaj said.“This technology has allowed life scientists to advance their understanding of various phenomena occurring in a living cell,” he said. The findings were published in the F1000 Research journal, UK. Also Read – Need to understand why law graduate’s natural choice is not legal profession: CJIBhardwaj said that “it has already had a major impact on life science and is a well-recognised tool in forensic sciences. It is also being widely used to study various diseases including Cancer, TB, AIDS”.In a conventional PCR, DNA is amplified millions of times as it is in original form. However, going further, Dr Bhardwaj of a private university in Punjab, has researched on DNA and developed a new PD-PCR technique which claims synthesis of a new DNA having polarity opposite to the template used.last_img read more

Read More →

Bidhannagar Corporation to fine property tax defaulters

first_imgKolkata: Bidhannagar Municipal Corporation has decided to impose fines on property tax payers if they fail to pay tax within the stipulated date.According to the officials, from now on, property tax bills will be sent to the owners early. They will be given sufficient time to submit the amount. Sources informed that the bills for the upcoming 2019-2020 financial year will be sent by May.If any resident fails to pay the amount within the given time, then a fine of 25 percent of the tax amount will be imposed on the resident per year. If anyone has been a defaulter for a few years at a stretch, then the corporation might attach the property. According to the officials, this provision is present in the Bengal Municipal Act. Also Read – Rain batters Kolkata, cripples normal lifeBut as the plots in Salt Lake are not freehold, the Urban Development department will be informed to take necessary action against the defaulter.On Wednesday, Mayor of Bidhannagar, Sabyasachi Dutta, said: “The decision has already been taken in the board meeting. The provision is there in the Bengal Municipal Corporation Act. In case of Salt Lake, steps will be taken as per the provisions in the law.”According to BMC officers, since the inception of Bidhannagar Municipality, property tax was assessed by the municipal authority. Also Read – Speeding Jaguar crashes into Mercedes car in Kolkata, 2 pedestrians killedA team from the Property Tax department used to inspect the holdings and asses the tax amount.Later, it was converted to the self-assessment method. Residents were asked to declare the area of property with some other details voluntarily to fix the property tax amount.To fix the tax amount of the next financial year, the municipal authority will follow the previous data. No new assessment will be done.A Mayor in Council Member of the present corporation board said: “We had a lacuna that we were unable to send the Property Tax Bill to the residents on time. There was no fixed time in the year to send the bills. Now, it has been decided we will send the bills as early as possible. Residents will be given sufficient time to pay the bills.”last_img read more

Read More →

Manirul Islam expresses desire to resign from BJP

first_imgKolkata: Manirul Islam, the former Trinamool Congress MLA who joined BJP last week, has expressed his desire to leave the party in view of the protests launched by BJP workers. Mukul Roy said Islam has expressed his desire to resign and the Central leadership of the party is considering his request.Islam, a former Trinamool MLA from Labhpur in Birbhum, had joined BJP last week. He went to New Delhi and Kailash Vijayvargiya, BJP national secretary in charge of Bengal, handed over the party flag to him and inducted him into the party. When the news of his joining spread, BJP supporters in Birbhum threatened to quit the party en masse. Kalosona Mondol, general secretary of BJP’s Birbhum unit, alleged that the party should have consulted them before inducting Islam. He and his followers subsequently decided to quit the party and the situation went beyond the control of the state unit. Mondol alleged that Trinamool Congress supporters had attacked BJP workers under the leadership of Islam. He said no party worker would work under the new entrant and all of them would quit the party. In view of the resistance from party workers in Birbhum, Islam expressed his willingness to resign. Meanwhile, BJP workers in other parts of the state like North 24-Parganas have refused to obey Arjun Singh in Barrackpore and Subhrangshu Roy in Kanchrapara, as both had led Trinamool workers who had beaten up BJP supporters in North 24-Parganas.last_img read more

Read More →

Aparna Sen leads team to Bhatpara appeals for calm

first_imgKolkata: A team of intellectuals on Thursday visited Bhatpara, which has been on the boil since the 2019 elections results on May 23, in the North 24 Parganas district of West Bengal and appealed people to restore peace. The team, led by popular actress-filmmaker Aparna Sen, actor Kaushik Sen and theatre artist Chandan Sen, met the residents of Bhatpara and Kankinara areas. They walked from Kankinara to Bhatpara and met residents to gather the first-hand account of violence in the past one month. Also Read – Rs 13,000 crore investment to provide 2 lakh jobs: Mamata They said the team would submit a memorandum to Chief Minister Mamata Banerjee and Governor Keshri Nath Tripathi about the prevailing situation. “We have come here with a message of peace. We will submit a memorandum to the Chief Minister and the Governor on the situation. The fight between political parties has turned into a communal battle here. It was not like this before,” Aparna Sen said. Stating that people of different communities in this area were living together peacefully, Sen said, “the fight between the Trinamool Congress and the Bharatiya Janata Party (BJP) since the time of elections has communally polarised people. It’s unacceptable.” Also Read – Lightning kills 8, injures 16 in state Actor Kaushik Sen said people of Bhatpara and adjoining areas were living in fear due to continuous violence. They also visited the family of Dharambir Shaw, allegedly killed in the firing last week. Sen said they would also meet leaders of opposing political parties to appeal them to maintain peace in the area. When told that no TMC representatives had visited the area, Sen said the leaders must clarify why they refrained from coming to the area as the ruling party had a moral responsibility for the region. Bhatpara and its adjoining Kankinara, Jagaddal, Naihati areas under the Barrackpore parliamentary constituency have been on the boil since May 23. Former Trinamool MLA from Bhatpara Arjun Singh, who defected to the BJP just before the 2019 polls, won the Barrackpore Lok Sabha seat while his son Pawan Singh won the Assembly by-election from Bhatpara. To contain a flare-up on June 20, the police had to open fire that left two persons dead and four others injured. The administration later imposed prohibitory orders in the area.last_img read more

Read More →

In This Issue   Currencies rebound yesterday b

first_imgIn This Issue. *  Currencies rebound yesterday but turnaround today. *  CBR hikes rates! *  BOJ announces new QE! *  Ding, Dong QE is Dead, for now that is! And Now. Today’s A Pfennig For Your Thoughts. Boo! It’s Halloween!   . Good Day!…  And a Happy Friday to one and all!… BOO! Gotcha didn’t I? It’s Halloween! The last day of Rocktober, and the All Hallows Eve. Funny story about my grandson, Braden. He’s decided he’s NOT going to wear a costume, even though he wanted so badly to be Batman. the pre-school he attends did a pre-Halloween event, where all the kids dressed up in their costumes, except. Braden. And he does NOT want to go trick-or-treating! I told him he could stay home with me and give out candy, but he wanted no part of that either! What a hard headed little boy! I laugh, but I’m sure his parents, Andrew & Rachel are about to pull their hair out! Well, if I had hair, I would be pulling it out this morning. Gold is down $26. And the only thing I can see that ties to this whacking, is the talk about the Fed moving their first rate hike up in terms of time. I’ll let you in on a little secret, that apparently, the markets and investors don’t know because they are too young to know, or too old to remember. Gold can rally in the face of high interest rates. And I mean HIGH interest rates, like say 18%! Go ahead and check it out. During Gold’s first rally to $800 from $35, where were interest rates? That’s right, they were a whole hell-of-a higher than the 50 Basis Points (1/2%) that rates will be when the Fed does get around to hike rates next year. Yesterday, the currencies made a nice rebound rally throughout the day, at one point I said to Mike Meyer, “look at that rally in the currencies, that’s quite impressive”, to which he replied, “too bad the metals aren’t joining in.”  But, you know, we’ve seen that too darn many times in the past few years, the metals, led by Gold, getting whacked during the U.S. trading session, after holding steady or booking a buck-or-two gain overnight. That’s why I mention this move in Gold Front and Center this morning, for the overnight markets have taken their pound of flesh from Gold, which doesn’t bode well for the shiny metal, given the way it gets treated by the U.S. markets. So, the rebound rally in the currencies yesterday, has turned over to an all-out assault on the currencies by the dollar this morning. I’m trying my best to figure out just what the heck is the justification for this type of whacking. I just can’t get my arms around this thought that’s going through the markets in the past 24 hours that the U.S. has turned the corner, and there’s no looking back at zero interest rates, and an uneven recovery in the economy.  But I don’t control the markets, nor do I have the power to move them, as opposed to a few readers over the years that thought I did, so, I can sit here and say that I can’t get my arms around the thought, but it doesn’t help anything. So, moving on. The Bank of Japan (BOJ) got things rolling overnight for the dollar, when they unexpectedly announced that they would be expanding their monetary base, in dollar terms, $725 Billion, and they will do that by buying JGB’s (Japanese Gov’t Bonds). Yes, they’ve done this before, in fact they were the original cowboys with Quantitative Easing/ QE/ bond buying/ debt monetization/ money printing/ and so on.. The Japanese yen is circling the bowl this morning having given up 2 whole figures since yesterday, and flying past 110, to trade with a 111 handle this morning. Japan is a basket case, I’ve said this for a long time now, and this announcement by the BOJ is just another nail in the coffin for yen. And don’t for a minute begin to think that the BOJ is just taking over for the Fed in supplying the Globe with liquidity. Japan’s latest entry into the Bond buying booth, will be worth about 2% of Japan’s GDP. Compared to the usual bond buying programs of the BOJ, which were about 30% of GDP. Spread out, it means about $8 Billion per month in bond buying. That’s chump change compared to what the Fed was providing (recall? $85 Billion per month). So, the BOJ as a replacement for the Fed as the provider of global liquidity is a joke. And not a very funny one either! This morning, we’ll see the color of the latest Eurozone “flash” Inflation report. The markets are looking for inflation to fall even further from the .4% print last month. Oh, wait!, The data just printed, and looky there! Eurozone inflation held steady at .4% this month. Hey! At least it didn’t fall further, as the markets were suggesting! But this steady Eddie level hasn’t helped the euro this morning, as the single unit has given up about ½-cent . I was checking the prices of things this morning before beginning to write, and noticed that the price of Oil, while seemingly steadying, is back to $80 this morning. The price of Oil slipped to the $80 handle a couple of weeks ago, and then bounced. I wonder if that’s on tap this time too.  I’ll say one thing about the cheaper Oil price, it sure has helped the Trade Deficits of a lot of countries, including the U.S., and the one I’ve had my eye on for a while now, India. Recall that last year, India had to ban Gold imports because their Current Account (which includes the Trade Deficit) had gotten so out of whack. Well, with the price of Oil sliding, the Current Account in India doesn’t look so rotten any longer. And that could go a long way in helping PM Modi to unlock the Indian economy. It also could go a long way in allowing India to resume Gold imports. But first things first, and that is unlocking the Indian economy.  Did you ever check out what I had to say regarding India in that Dukascopy TV interview I did, and put the link in the Pfennig for you to check out?  Well, if you didn’t, then all those that did, know something about India that you don’t know! HAHAHAHAHA!  Seriously. while I’m not expecting HUGE gains from the rupee going forward, I did say in the interview that we could see the rupee return to the 58 level, from the 61 level it resides today. Yesterday, I told you about the Russian ruble rally, and that the markets were getting the feeling, that the Central Bank of Russia (CBR) was going to step in a hike rates in a large-way. Well, the CBR met already this morning, and they did just that! The CBR hiked rates in Russia 1.5%!!!!  WOW! Talk about a rate hike!  The ruble is struggling this morning in spite of that HUGE rate hike, but at least it hasn’t given back all the gains from yesterday. yet. I said above that the markets were getting the feeling, and that got me singing, James Brown’s song, I’ve got the feeling. I Got the Feeling, baby I Got the Feeling, Sometimes I’m up, Sometimes I’m down, down, I’m bad, Down, Alright, Huh!  Remember the Eddie Murphy skit where he imitated James Brown writing a song? “I need a word. EOWWWWWWW! That’s a good one!”  I’m sorry, I digress here. So, let’s see. this week alone, we had Brazil and Russia hike rates. There’s probably 4 more rate hikes coming from Brazil, and even with the 150 Basis Points of rate hike from Russia this morning, there are probably more to come there too.. So, what good have these rate hikes done for the currencies, because a feeble little 25 Basis Points (1/4%) rate hike that hasn’t even materialized in the U.S. has certainly helped the dollar.  Well, it’s a case of two currencies. The Brazilian real has really taken the rate hike to heart, and rallied, while the ruble had a case of buy the rumor, sell the fact. While I was going through some stuff on Google+ yesterday, I came across a posting by Koos Jansen, who is usually posting stuff on Gold. But this was different. This time he posted a video of  Russian President Putin, talking at a conference. Good thing there was an English translator. Apparently Putin is not a happy camper that his country has been made to suffer through sanctions, and pointed out that Economic and Political should not mix. I think, but I’m not sure, because some of it was inaudible, but I think Putin also suggested that we should all wave goodbye to the dollar. In China / Hong Kong, things are heating up again with the protestors in Hong Kong. The Chinese have wiped out the early week gains in the renminbi, with daily weakening of the currency the past 2 nights. So, nothing gained, nothing lost this week in China. I see more and more naysayers coming out and saying bad things about China. Have they not learned anything over the years? All that handwringing and teeth gnashing over what these boys and girls thought they saw in the Chinese economy, has never materialized, nor has it ever even come close to materializing. Makes you wonder about the. Nah, never mind, I don’t need to go there! Then here in N. America. Remember when the new Bank of Canada (BOC) Gov. Stephen Poloz was first introduced and I told you that things going forward would be a struggle for the Canadian dollar / loonie, because Poloz came from the “Trade Side” of Gov’t, and what were the “trade guys” always complaining about? How strong the currency was.  So, I put 1 and 1 together, which still equals 2, and figured out that if that was Poloz’s base, then it would not bode well for the loonie.   And yesterday, I got some confirmation of all the bad things I had thought about Poloz, when he said, “The recent weakening of the Canadian dollar is icing on the cake for Canada’s exporters”. Brother, can I call these Central Bankers out for what they really are? Carney, Wheeler, Kuroda, Poloz, Greenspan, Bernanke, Yellen. Geez Louise, they are all cut from the same cloth! Moving south from Canada, we get to the U.S. and the U.S. Data Cupboard, which gave us the first reading of 3rd QTR GDP, of which, I had warned you yesterday, that the first reading would not be below 3%, as I had called for, because the mid-term election is next Tuesday. and we sure couldn’t show that much rot on the U.S. economy’s vine 5 days before the election now could we?  Well, the Gov’t tells us that 3rd QTR GDP was 3.6%, not too shabby, I must say. But then, let’s see where the next revisions take us, I still think that when all the dust settles and the beans have been counted, 3rd QTR GDP will have grown at a 2.8% clip. Today’s Data Cupboard has two of my fave reports. Personal Income and Spending. The September print should show that Personal Spending is slipping. Just some early sign that we’re about to experience problems, Houston. We’ll also see the Employment Cost Index (ECI), and the Personal Consumption data. While all of it will be interesting, it just won’t knock the clock off the wall, unless something goes rogue on us! For What It’s Worth. Ding Dong The Witch is Dead, The Wicked Witch, The Wicked Witch, Ding, Dong the Wicked Witch is dead!   Yes, that’s from my all-time fave movie, The Wizard of Oz, but that’s not what I’m going to talk about today. Instead I’m going to say that Quantitative Easing / QE, is the Wicked Witch.  And I’m a munchkin singing Ding, Dong QE is dead. And that’s not all!  I thought I would now ask you some questions now that QE is dead (in the U.S. that is)  Where will your wealth effect come from now? Who will purchase all those bonds? And what of this balance sheet at the Fed?  I saw where former Fed Chair, Big Al Greenspan said that the “Fed’s balance sheet was a pile of tinder, but it hasn’t been lit. “ And don’t forget that I’m still betting that free undercoat that the Fed will be back to the QE table and then QE will become the night of the living dead!  A little Halloween humor for you there! To recap. The currencies had a rebound rally yesterday, but Gold didn’t participate.. Overnight however is a different story for the currencies who are giving back those rebound rally gains from yesterday, and Gold has plunged $26 overnight.. The BOJ really surprised the markets by announcing a new round of bond buying, and that pushed the yen down 2 whole figures! The CBR hiked rates in Russia by 1.5%  this morning, now that’s a rate hike! So, Brazil and Russia hiked rates this week, talk about interest rate differentials VS the dollar, yen, pound and euro! Currencies today 10/31/14. American Style: A$ .8835, kiwi .7875, C$ .8935, euro 1.2575, sterling 1.6005, Swiss $1.0425, . European Style: rand 10.8925, krone 6.7265, SEK 7.3695, forint 244.30, zloty 3.3435, koruna 22.0770, RUB 42.26, yen 111.65, sing 1.2835, HKD 7.7550, INR 61.36, China 6.1461, pesos 13.42, BRL 2.4205, Dollar Index 86.55, Oil $80.51, 10-year 2.32%, Silver $16.11, Platinum $1,232.24, Palladium $781.65 (the only metal with a gain this morning) and Gold. $1,173.18 That’s it for today. You know, I was really upset with the Baseball reporters yesterday, as they were all gaga over Giants pitcher Madison Bumgarner, calling his performance in the World Series the “best”. The talked about Koufax, they talked about Shilling, but no mention of Bob Gibson. Hmmm. In three World Series Gibson pitched 9 complete games, and in 1967 his ERA for the 3 games was 1.00, in 1968 is was less than 1.00.  I really don’t know how Gibson’s World Series efforts were forgotten by the reporters. Well, Let’s all do the Monster Mash. I hear it’s a graveyard smash!  I love sitting out on the porch and giving out candy to the trick-or-treaters, especially the little ones. They are always so darn cute, some scared, and some no afraid of anything. I used to dress the yard up with big spider webs, and large spiders, tombstones with body parts sticking out of the ground, and a ghost that flew across the front of the house, screeching and moaning like a ghost does. I finally stopped all that, after Alex got bigger and was no longer interested in setting it up with me. So, it’s Halloween, Eat, Drink and be Scary!  And have a Fantastico Friday! Chuck Butler President EverBank World Marketslast_img read more

Read More →