Day 24 of the TOP
The clock is ticking, we are moving to the end of this 20 to 30 day market top formation.
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Inequality and Growth
The IMF takes a new tack on Inequality, this is for an organization that many in government think means “Its Mostly Fiscal”. An article in the New York Times today points out a shift in policy that could have far…Continue Reading →
Day 19 of the 20 to 30 Day Top
I look at the gap between manufacturing and consumption as being the key fundamental factor in the coming rollover of the market in 2014, i.e strong manufacturing numbers and weak consumption numbers. Unless consumers are stupid enough to resort to…Continue Reading →
A Solid User Base
In many ways I feel that the markets over the past six years have helped us build a solid user base. From the StatCounter statistics shown below we see that some 37 percent of our readers spend an hour or…Continue Reading →
Tech IPO’s, Last Play for the Funny Money Crowd
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 →
Capital in the Twenty-First Century
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 →
More talk of Deflation
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 →
Maybe Efficiency would Help the Economy
In a stock market centric environment maybe there is a higher calling for this country. See Paul Krugsman article : http://nyti.ms/1qnBOEN
Final Demand, The Missing Piece
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 →
Top, Top, Top
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 →