As the market completes the closeout of the FED led bounce since March 2009, making a few nominal new highs this week, the roll-over continues. Since the high close we have had two closes under 1849 on the S&P, the…Continue Reading →
I have not read this book yet, but the column acknowledged here makes me want to get it today. It was written by Thomas Piketty of the Paris School of Economics. I know, most of you hate the French, but…Continue Reading →
For the past few years we have pounded the desk concerning deflation risk. In the meantime the FED became like the Pied Piper and now has a whole flock of investors following it. Maybe an outside source of deflation…Continue Reading →
In a stock market centric environment maybe there is a higher calling for this country. See Paul Krugsman article : http://nyti.ms/1qnBOEN
Rising inventories and slack retail sales, what does this say about the economic story? To me it seems like the part of the story that the stock market wants to focus on over the past three months is basically business to business…Continue Reading →
Five years ago, our March 3rd 2009 post was titled Bottom, Bottom, Bottom, we were three days early. This is the first time we have ventured to make this kind of comment again, but in the opposite direction. Next Monday…Continue Reading →
The Biggest Bubble of all TIME The Fed Bubble that has to keep ballooning because it by definition is not accomplishing it’s goals. Within the macro deflation scenario a blow-off spike that will pierce this bubble appears ready to breakout. This…Continue Reading →
No doubt some of the cause of the poor economic numbers lately is due to weather. In my view the bigger cause is an underlying malaise in the vast consumer base that does not work well in an economy based on…Continue Reading →
Here is an article from today at Seeking Alpha that provides another tact on the question. http://seekingalpha.com/article/2025901-the-emerging-market-test?source=email_rt_article_readmore&uprof=22
As the numbers in our February 6th post show, the US stock market is at odds with the world. So the question now is: Will Yellen pull up the World or will the World pull Yellen down? Again, we point…Continue Reading →