To me this week is a time to lie low and watch as we see the changes in Washington. Inflation expectations have been dominating market direction since the November election. Now we are going to see the start of the…Continue Reading →
How much of the current value of the stock market is due to manipulation? A lot of strange things have happened since mid 2018.
A period of sacrifice, at least that is what it will feel like to all those enthralled with the casino economy. Biden has a lot of work to do to rebuild this country before we can have a roaring economy….Continue Reading →
We are seeing the end of 40 years of Financial system arrogance, especially the 10 years since Bernanke’s QE 2 in 2011. So we are seeing PFE, Peak Financial Engineering, there is no other way this could have played out….Continue Reading →
Good morning, it is Saturday after a tumultuous week. Before going to work on my version of the 2021 outlook I did what I do every Saturday morning, I read John Mauldin’s weekly letter. As usual it is a worthwhile…Continue Reading →
A lot of talk about why the stock market is ignoring what is happening to the country, To me the answer is real easy. No one believes the core message that Democrats have put forth. No one believes that the…Continue Reading →
Here is what we said on July 25, 2016 I find it interesting going back and looking at maybe our most important blog post of the past 5 years. We got a lot of it right especially the bottom line,…Continue Reading →
This morning there seems to be a general feeling of “we missed the bullet”, but have we really. Trump is subdued, his Proud Boys are humiliated, but reality is, this third of the population is not going away, they will…Continue Reading →
We are seeing the end of 40 years of moving money away from the people. Today we are seeing the final reaction to a black man winning a Senate seat in the old Confederate South, a first. Markets are on…Continue Reading →
Yesterday’s market action was a little warning, but with all the excess trading dollars built up over the past 40 years, it is easy to get bounces like today. By the same token, market risks are multiplying at an enormous…Continue Reading →