How does this all end. At the margin it is Declining Consumption Economics versus Inequality Momentum. Deflation is in play, look at commodities and oil as big picture pieces , yet Risk On is what is hot. The Fed is…Continue Reading →
At first blush it makes one wonder why all the Central Banks in the world don’t just do what Bernanke did, buy government bonds. It would appear that now anyone can do this, how did the Central Bankers miss this…Continue Reading →
It feels like I have been talking forever, at least since the Start 0f QE2, about how the FED has been pursuing a short-term direction of avoiding the pain rather than solving the problem. Usually when I read something that…Continue Reading →
An interesting academic study that digs into the whole inequality issue can be reached here: It’s “Inequality, the Great Recession, and Slow Recovery,” by Barry Z. Cynamon and Steven M. Fazzari. http://pages.wustl.edu/files/pages/imce/fazz/cyn-fazz_consinequ_130113.pdf
This week we are adding three new tracking funds for us to the Marketocracy.com site. This first is a $ 1,000,000 tracking fund with a starting NAV of 10.00. We will provide updates on its NAV periodically. The investment formula for this…Continue Reading →
We are in a global world. Something like 50 percent of S&P 500 earnings are offshore. The US has been managed by a FED that has focused on throwing a lot of funny money at domestestic entities, and we have…Continue Reading →
Everyone seems to believe that they can tag along with the FED, that it will be transparent and tell everyone when the end of funny money has arrived. This story also seems to assume that half of the market will…Continue Reading →
Headlines today point to weak durable goods numbers with one exception (ex aircraft which the top 3 percent predominately fly personally and the bottom 97 percent use to get their Amazon orders filled) . Corporations that sell products that don’t fly well might take…Continue Reading →
That is what the headlines say this morning. This has been the biggest worry of the market so now we are seeing the blowoff rally. If you believe that the Republicans are giving up you should not be reading this…Continue Reading →
What does that mean. We are short the stock market and made our final move out of short T-Bonds to short stocks yesterday and are holding our short gold / core deflation position taht goes back to September 2011. Basically…Continue Reading →