Castles and Huts
To me it feels like we are going back to a time of the Nobles and the Serfs. I am taking off for a much need vacation and just have to get a few things off my chest. I left…Continue Reading →
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Market Getting a Little Touchy
The market is getting more and more cross currents. I continue to believe that deflation is the bigger issue, not inflation. As I have said many times, until the asset base is de-leveraged, nothing has been fixed since the 2007…Continue Reading →
Another Yellen Boost
It is mid-July, we still have a couple of weeks before the second quarter GDP results are posted (probably confirming that the economy is still below end of 2013 levels ). Again, this is just another tag on the Fed…Continue Reading →
Pension Fund Load Up Days
This is the beginning of the quarter and we should allow two days for the pension funds to load up their accounts. As this quarter evolves I look for earnings and GDP numbers to bring a more somber atmosphere.
Deflationary Spiral…..Could a Bond Bubble be ready to Start ?
As the market digests a little Iraq based oil inflation scare for the next month or so it might be good to look ahead to what really is going on in the economic front. To me Fed Taper is a sideshow. The…Continue Reading →
Just Saying
Tomorrow is Friday the 13th and a Full Moon. Maybe check your horoscope to determine the details. The VXX volatility chart had a downside blow-off on 6/6/14. That leaves a gap between 31.28 and 31.82. We would not be surprised…Continue Reading →
Beginning of the End for Mainline Republicans and Democrats ?
Is there a bigger meaning to Eric Cantor’s defeat yesterday? While I am not a Tea Party fan or a Libertarian, I do have agreement with some of their economic beliefs. The fact that mainline Republicans and Democrats have held…Continue Reading →
Day 66 of the Top
The markets are coming to an inflection point. If one looks at one day, today for instance, all but one of these four indexes are above the 3/7 high. On the…Continue Reading →
Watching out for Number 1
It is obvious that in an artificial market controlled by the Fed, like we have seen since September 2012, that the thing to do was invest in the big Corporations and big Private Equity firms as they take over a…Continue Reading →
More Clarity
The recent NYT article “Crisis Management Rethough” by Binyamin Applebaum sheds some more light on clear thinking, something that all the talk by Tim Geithner seems to avoid. See link here concerning a new book by Atif Mian and Amir…Continue Reading →