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 →
Since last Fall when the Republicans in Congress decided to play nice there has been a general consensus that the economy and the markets are off to the races, i.e. no more bad stuff, shutting down government, etc. The setup…Continue Reading →
Since the beginning of the year the markets have seen a lot of cross currents. Stocks have dropped, rallied, and are essentially struggling in attempts to make and hold new highs. No doubt some of this attempt to make new…Continue Reading →
(Reuters) – The message is sinking in – economies of the rich world face super-easy money far into the future and central banks are now convinced it’s the least of all policy evils. Despite rumblings of dissent about the financial…Continue Reading →
It seems everyone, economic analysts, market players, and investors are operating on the premise that the FED will keep adding liquidity until the economy’s numbers and the employment numbers become more robust. The problem however, is that both of these…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 →
With the Fed backstopping the action of Congress with easy money we are initially seeing a no-consequence psychology take over the markets. Our comments yesterday pointed out the real economic issues. Bottomline, the Granville indicator still shows the market rolling…Continue Reading →
1) Is it becasue the market and most participants thought that there would be a last minute deal and so everybody is long ? NO. 2) Is it because we get to see this all again after Christmas? PROBABLY NOT….Continue Reading →
It escapes me why the inevitable end to the standoff is bullish or bearish. It would seem that the discussion will go back to the consumer and the fact that what ever the Washington deal, the long term trend is…Continue Reading →
No one in his or her right mind wants to cause an accident. Here we are talking about the risk of setting off a economic accident, a depression. The current face-off between the Republicans and Democrats is a high stakes…Continue Reading →