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http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-11-05-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 11-05-2015 DOW – 4 = 17,863 SPX – 2 = 2099 NAS – 14 = 5127 10 YR YLD + .02 = 2.25% OIL – .94 = 45.38 GOLD – 3.90 = 1104.60 SILV – .12 = 15.04   Janet Yellen testified on Capitol Hill yesterday afternoon. Yellen was speaking at a hearing about financial regulation. Congress in 2010 created the position of vice chairman for regulation at the Fed and required that person to report regularly, but 5 years later, the position has not been filled; Ms. Yellen testified instead. The conversation quickly turned to interest rates, and Yellen said the Fed could raise rates in December; she thinks the economy is performing well, and so a rate hike would be appropriate, but no decision has been made. The markets are now putting the odds of a December rate hike at almost 60%.   The Bank of England said “no” to an interest rate hike this morning; they cited gloomier prospects for global growth. Bank of England chief Mark Carney, who had previously played down threats to major economies from slowing growth in China and other emerging markets, sent a cautious message that pointed to UK borrowing costs remaining on hold until 2017. The pound fell a full cent against the dollar in response, but the dollar handed back all of its gains in morning trade to stand …

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