Wait for Housing – Inflation’s Revenge – Over the Top

Two statistical realities will pop today. First will be the Case-Shiller/S&P/CoreLogic Housing data.  We will cover that in a special second update.  But without looking, we are certain that the picture for Housing has never been brighter.  People who own property profit from inflation.  It’s why government can “get away with it.” Where “it” is watering down the purchasing power of money.  So it takes more  worth less paper to “buy” the same goods. As we …

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Precipitous Monday – Inky Markets

In traditional economics, money was defined generally as a “storehouse of value.”  Yet, to even the least-informed, this linkage has been mostly shit-canned. The problem is one of runaway leverage. Once upon a financial fairytale, the story was sold far and wide that America was using a fractional reserve currency.  In other words, when a dollar was printed, if could be re-lent as many as seven or eight times.  Thus, printing more money advanced the money supply. …

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Reality Checks Friday: All-Time-Hype, Covid-AIDS?

Since Urban is (nominally) a long wave economics site – which gets wildly off-track because its writer-in-chief is seriously ADHD – we will try to keep things in order by starting with some “economic reality.” All-Time-Hype We continue to sit with market’s poised for a monstrous collapse in coming weeks based on our Aggregate Markets work.  Yes, the Dow and the S&P are off into la-la land.  But that’s because the Easy Money Fed has (essentially) made-up over $8.6 …

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All-Time-Highs OR All-Time-Hype?

“The Moment Before Touch” is where markets, Life, and petty dictator mandates have us waking today.  As the future of Taiwan continues sketchy and as (we pointed out on PN yesterday) the SoCal ports last month moved 6 PERCENT LESS CARGO than a year-ago.  Evidence to our simple minds that shortages (like not really vaccines) are most likely a monetization because Everything’s a Business Model.   For a different view: Larry Kudlow: Economic message on supply chain …

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Downturn Tuesday? And is 10-10 Twenty?

Been up since the wee’s again.  Working on tomorrow’s Peoplenomics report.  With already the payoff that I think I now know where “halos” came from in various religions… Watching the futures prices overnight and early, I was struck by another EXCTRAORDINARILY close hit to a predicted retracement level in our Elliott wave estimation spreadsheet based on the Monday close.  See the boxed area: Which means (as you can see above) we ended Monday 12.18 points off the …

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