“Economists” call it “Modern Monetary Theory.” Wiki it and you’ll find the idea is dreadfully simple – make it up: “MMT argues that governments create new money by using fiscal policy. According to advocates, the primary risk once the economy reaches full employment is inflation, which can be addressed by gathering taxes to reduce purchasing … Read More
Breaking: Weekly Unemployment Data Just out from Labor: “In the week ending June 13, the advance figure for seasonally adjusted initial claims was 1,508,000, a decrease of 58,000 from the previous week’s revised level. The previous week’s level was revised up by 24,000 from 1,542,000 to 1,566,000. The 4-week moving average was 1,773,500, a decrease … Read More
If MIGHT be really interesting. Pepto for the open. Sometimes, we have a pretty solid feel for how things MIGHT play out. From this morning’s (8AM) Peoplenomics ChartPack comments: “Although I don’t offer financial advice, there would sure be a grand and graceful solution here if the market rallied a bit, perhaps into the European close … Read More
Today, a prepping topic few people talk about: In the event TSHTF, how will you “chill?” Sure, we could ask hard questions like “Why are publicly owned companies giving away shareholder profits to “social causes?” But that might get folks riled-up. On the other hands, in recognition of what is already a Long Hot Summer … Read More
Retail’s Back You can see it in this chart – even the auto sector is back in a big way: The Happy Talk? “Advance estimates of U.S. retail and food services sales for May 2020, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $485.5 billion, an increase of … Read More
It’s a tough call to make this early. Why, the coffee is barely moving the needle, so far. Do you want to attempt to “see the future” based on recent past events, or does it work better for you starting with history? Like I said tough call! Before we begin: THIS IS NOT FINANCIAL ADVICE. … Read More
I’ve confessed to you before: I’m a tool slut. But some are probably asking “How does this help Ure hedge against a chaotic future? It’s a Value Play Seriously, the marginally delusional (moi) can make the case that in a complex society – like the mess that’s trying to blow-up on us now – there’s … Read More
When it comes markets? Everyone has a system: Elliott waves, Gann Angles, stochastics, the list is endless. Yet fractals are less commonly followed, so we value (in the extreme) when our long-term read The Fractal Economist (TFE) honors us with an occasional heads-up. Here’s what he shared as a post Saturday morning: The end 11 … Read More
We use our fictional Directorate 153 framework to reveal some interesting – and under appreciated aspects of economics. As you wonder “Are we in a Financialization Nonlinearity Zone now?” We suggest this answer is yes. Also, Podcast #23 is here, with an interesting update on Chris Tyreman’s re-translation of the Bible. As it relates to … Read More
My, what a grand time was had by all Thursday: The market cratered some 18-hundred odd points and narrowing missed the 7-percent time-out dinger going into the closing half-hour. We will go over a lot of the details in tomorrow’s Peoplenomics.com report, but the bottom line is that IF we rally this morning strongly until … Read More
One of the great lessons of management is knowing when to “hire an expert.” Well, Brian at our hosting provider, EMWD.com is the Man today. All of our server-side woes are fixed! “Hi George, I found the problem and fixed it. You had a .htaccess file from a plugin called WebP Express (https://wordpress.org/plugins/webp-express/) that was … Read More
Going to be ugly in the markets today: Seat-backs and tray tables to their upright and locked position. Seatbelts fastened tightly – it’s going to et bumpy. First time jobless claims were a little better than expected, but that’s not going to help much. Producer prices were up 4-10ths of a percent – too much … Read More
With all the discord in America, what better way to get in touch with “Who We Are” than turning on the radio? But not just listen to today’s 2020 Top-10. We also go back to the summer of 1985. And therein lies a tale… We were shocked with what we found. First, though, some headlines, … Read More