I mentioned on the Peoplenomics report Wednesday that the fellow who is probably America’s best financial astrologer, Arch Crawford, was predicting a long-lasting impact – on the order of years from an event – that would happen sometime in the past week. Well, to us, it looks like he has nailed it. On the other hand, … Read More
Whew! A looong-ass weekend of programming and writing for Peoplenomics, the new Ultra-Make.com site, and even doing a few tweaks here like that fancy Accessibility/Font-Sizer over at the top of the right column over this way somewhere >>> A great weekend, nevertheless featuring (*don’t mean to go on endlessly, but the projects done list is … Read More
Some 2019 restrospective in the first section this morning. But, if time is short for you, skip down to “Today’s Real News” – a big headline and you can’t miss it. New post around 8:15 with the Housing data, so check back. We’ll serve-up this morning’s “rasher of news and comment” but first, a few … Read More
A couple of items on the stock market, best taken visually. One is the overall view of how periodic advances and declines in the stock market line-up in similar ways. Nice way of saying “All collapses are self-similar” to one degree or another… OK, so.. When is “The Top” Here? This is a “What number … Read More
Sure, there are a number of “economic stories” we could lead with this morning. But, weekly variances in mortgage applications at a time when part of the nation has been in the deep freeze and it’s a holiday week to boot? Seriously? Of, later on, yet-another forecast of “investor confidence” will be out…but we don’t … Read More
Breaking: Durable Orders Crumble From the press release: “New orders for manufactured durable goods in November decreased $5.0 billion or 2.0 percent to $242.6 billion, the U.S. Census Bureau announced today. This decrease, down two of the last three months, followed a 0.2 percent October increase. Excluding transportation, new orders were virtually unchanged. Excluding defense, … Read More
The mind of the public is not on eartth-shaking economic news. Evidenced by the top six searches on Google in the past day have been football-related. So being out of touch, and a bit greedier, we’ll begin with the NY Fed Empire State Manufacturing outlook: “The headline general business conditions index held steady at 3.5. … Read More
Hey there, Big Spender. This is your day! (Or, is it?) Since this is a half-day in the markets and since nothing much in government is moving, why not spend some time on spending? Besides, we’re all sick-to-death of political BS. So how about we pencil-out a rational approach to this Black Friday thing? Seems … Read More
If you don’t have enough to be thankful for this Thanksgiving…Be thankful THIS Market hasn’t fallen apart – yet: The usual caveats: The markets were “normed” in this view to January 1, 2000. Plus, this is our own Aggregate Index which is based on the idea of equal dollar allocations into the Dow, S&P 500, … Read More
Since we haven’t been invited over to your place for Thanksgiving, we will be spending most of the day in the studio here working on the “time machine” project. A bit of “personal woo” on that in a second. Since you won’t have Elaine or me sitting around to prompt you, here’s a short list … Read More
Breaking: Housing Data Low rates have set things ablaze: “Privately?owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1,461,000. This is 5.0 percent (±1.7 percent) above the revised September rate of 1,391,000 and is 14.1 percent (±2.1 percent) above the October 2018 rate of 1,281,000.” T’ain’t Funny McGee Fibber McGee & Molly aide, T’ain’t nothing funny, anymore. Even the late-night clips I’ve been through have run out of left-wing slurs on Orange Man. So much so, in fact, that recently Bill Maher seemed to be almost (can … Read More
Sure, market futures are up – over a hundred on the Dow – and we continue in “major blow-off mode” for possibly until January, by the look of things. Holidays, with the exception of last Christmas’ slaughter of the elves, are normally a time of rising spirits. Yet with all the trade hype making the … Read More
Necklines and Slashers for Halloween breakfast. Not normally the kind of article we’d put out on the non-subscriber site, but since we won’t be doing a subscriber column until Saturday, we need to talk. Now. Wednesday, the market did the expected (though we wished they’d been more foresightful) and lowered their rate a quarter point. … Read More