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
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
You are no doubt aware of how sucky the job market is lately. It’s only a ripple of worse to come, looks like. The monthly Jobs Cut report from Challenger, Gray & Christmas sounds totally dismal: Nearly 1M Cuts Due to COVID-19 This Year. “Job cuts announced by U.S.-based employers totaled 397,016 in May, down … Read More
The British market was about flat when we looked earlier. But the French and German markets were screaming ahead – up well over one percent. These print-crazed Globalists could tech Zimbabwe a thing or two, right? It may be Memorial Day here, but in other parts of the financial universe, it’as business and usual. … Read More
Holy shit! 84.5% Hyperinflation is here. The (not really) Federal Reserve’s latest H.6 Money Stocks report shows we’re right on track to “go Weimar.” Inflation of cash and equivalents going up at an annualized 84.5% annual rate and the broader M2 going up over 45% per year? There’s Good News Here: Well, such as it … Read More
Three quick items on the agenda this morning: Jobs outlook continues to deteriorate. As you would expect with our lifestyle being jacked… Financial instruments have detached from Reality. As you would expect when money is being made up – mostly for the Rich Through it all, it’s still possible to live the iWAMP Life. A … Read More
I have made (yet another) pledge to myself to write shorter columns. “Save the juicy stuff for Peoplenomics subscribers,” I tell myself. And yet, Peoplenomics is only a couple of days per week, so occasionally – like today – we will offer remarks that are “out in the clear.” Like my mentioning last week that … Read More
Finance First I would not be surprised to see the market end the week about where it was after the Fed announcement Wednesday (more save-the-bankers, crap). Sent out an email to a few colleagues: “The Wednesday close of my Aggregate Index was 0.317 percent (3-10ths of 1 percent) above a picture perfect Fibonacci retrace of … Read More
Which, if it sounds a bit oblique, means we will share our regular stuff first and then follow-on with the Housing data due to roll about 8:15 AM Central time. I will be hitting “Publish” multiple times this morning, as storms are moving through the area and you never know about CenturyLate‘s internet service when … Read More
You are welcome to be skeptical, but 2-1/2 months ago I told you we were going hog-wild on gardening this year and it was driven by the Wuhan Pandemic. So, let’s see how Ure’s outlook has been on this, alright? Specifically, from our Feb. 2, 2020 column “Seeds and Ozone” what was I telling you? … Read More
In case you weren’t clear on the answer to the question “Has America gone nuts?” Allow me to lay the answer on you as a simple visual: As you c an see, we did a major decline from the all-time high of February 19th and we have been doing what in Elliott Wave terms is … Read More
Since I’ve been posting about the return of Depression to America for more than 20-years – suggesting people do quaint things like pay off debt, get rural, invest in food, make some of your own power, live where there’s water…you know, stupid ideas like that – I’d like to offer some perspectives to anchor your … Read More
Super-short column this morning because I have been trying to find the text of what the Senate passed last night. What I found so far? NO CASH PAYMENTS: At TAX CREDIT A YEAR FROM NEXT MONTH!!! (Ever hear the term “absolute horse-shit???) Here’s the problem: When I read through the “big-deal bill” passed by … Read More