Regardless of how the politicians in Europe and the US want to spin it, Austerity is the operative economic word and will be until the Fed and the ECB see the whites of everyone’s eyes. And where will the white eyes…Continue Reading →
The US employment numbers this morning point to a little better situation and verify that things have improved since February 2010 when the Great Recession seemed to end. Greece is stumbling to a resolution and the revolt by the population is…Continue Reading →
As the Fed meets, the markets and the economy appear to be stable. Real estate and employment remain the broken spokes of the wheel but those are jobs for congress. As such I don’t expect much from the Fed today,…Continue Reading →
I picked this number out of you know where. The point is the media seems to gravitate to whoever is the most excited at the extremes 1070 and 1270. You would think, depending on the day, the world was either ending…Continue Reading →
We have talked little about the European situation over the past few months other than the fact that long-term they are going towards a solution that will preserve the Euro and acknowledge balance sheet write-downs for both banks and countries…Continue Reading →
Deficit reduction is long term bearish on gold and commodities, period. We have talked at length on that issue. We got out of stock positions yesterday on the opening, but are still looking for price distribution and sideways action for…Continue Reading →
Mistakes is the answer. We saw the mistakes Hoover made before 1929. We saw how the Clinton Administration and CNBC pundits talked up the heady atmosphere prior to the Tech Bubble in 1999. We saw how the Bush Administration and…Continue Reading →
The employment numbers today and the macro technical market indicators point to a high probability that the stock market has seen it’s lows through the 2012 election. Maybe it is the lunar cycle, but even Alan Greenspan was rather clear…Continue Reading →
In my opinion the anger is misplaced and illustrates how the left wastes a lot of bullets. You can read this blog every day and in my mind see a progressive approach to solutions and actions. In the current situation…Continue Reading →
What we mean is that the world has not come to the end. As we repeatedly point out this is not 2008. The Europeans have choices, the Germans have a lot of money, the question is how much they want…Continue Reading →