Early this morning the S&P futures were down 13 points and the Dow down 70-ish.  But the rest of the week – and maybe to the end of August – is where the tale of America’s social and financial future will be told. As we have  been saying, the  Fools on the Hill won’t likely … Read More

Two items – as we watch – astounded – as the Dow climbs more than 200 points. Sure, sure…rally on any hint of hype on a furtherance of unemployment bennies and such. But, are we the only ones to understand there are only  two places such money can come from? Higher taxes OR we Make … Read More

The coming month may be one that could go into the record books.  Kind of like 1720 did.  Or, as the Economic Fractalist tells us, 1807. I like 1720, myself. “The Bubble Act 1720 (6 Geo I, c 18), forbade the creation of joint-stock companies without royal charter, was promoted by the South Sea Company … Read More

If you were to drop by for a cup of coffee in real life – you wouldn’t be welcomed.  We’re still “hot zone” mode out here.  If you follow the virus numbers, looks like 18-million will be passed tomorrow.  And 19-million this coming week.  Thursday? Dream Shop Progresses Up early this morning to take advantage … Read More

With markets insane, and with Fitch lowering its outlook on U.S. debt to negative, there’s a “clock running” on America before the Second Depression is widely felt. We need a break. So, this morning we take off for a little side trip into some “things going on” and how they weave into a whole cloth. … Read More

Yeah, we will get to the “good news” about personal incomes and the employment cost index in a sec.  But, we need to have a little “come to Jesus” about what’s going on because a lot of people seem wildly delusional about present Realities. Not that they are to be blamed, of course.  We are … Read More

Shitz not good on the Gross Domestic Product front:  Biggest drop in history! “Current-dollar GDP decreased 34.3 percent, or $2.15 trillion, in the second quarter to a level of $19.41 trillion. In the first quarter, GDP decreased 3.4 percent, or $186.3 billion (table 1 and table 3). The price index for gross domestic purchases decreased … Read More

So the Dow is rallying! Fake markets!  Fake Markets! Buy a farm and a plough while you can! LOL, LOL.  CNBC “Dow Up 200 points as tech shares lead…”  Budda, dutchy… [“Internal odds now 52% to 48% for an overnight Big Fake News Story – BFNS –  to take blame for any decline now,” laughs … Read More

Look surprised, fellow cynics: “The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The coronavirus outbreak is causing tremendous human and economic hardship across the United States and around the world. Following sharp declines, … Read More

We begin to tiptoe around whether we can be taxed into communism under the false-flag of “socialism.” Oh, sure, of course the costs of CV-19…and lots more …figure into it. Put another way, can deficit spending and political demagoguery take down a country that literally saved the free world twice?  It’s become an interesting wager. … Read More

Just out is the monthly press release from Case-Shiller (S&P, et al) on Housing prices around the country.  Holding their own…but…. NEW YORK, JULY 28, 2020 – S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for May 2020 … Read More

Ah…the excitement builds today on a couple of fronts.  The first is whether the market will go into “Buy the Rumor, sell the News” when the Fed announcements come tomorrow.  Or, whether the market will “Sell the Rumor, Buy the News.”  (Or, maybe I just have to pee…) We know the Big Game:  The market … Read More

Not very and not very.  But that’s the short answer.   You see, while the markets  seem to have made a  fabulous  recovery from the march 23 lows in our Aggregate Index, a closer sizing-up of things reveals “the Crooked Casino.” How?  Well, the money supply from the previous all-time highs (around Feb 19 in our … Read More