First thing out of the chute this morning we have the ADP and Challenger Job Cut numbers to go over. These are in advance of the Federal jobs report tomorrow morning… Down in the detail of the press release, this caught our eye: “The pace of downsizing in August rose to the third-highest total for … Read More
We recently decided to take down our www.ruralpioneers.com website, but there are a number of very useful articles buried in the archives of that site that should be considered today because they offer very valuable – timeless – advice to preppers and contingency planners of today. Here’s an example from 2004 where I wrote up … Read More
One of the most under-rated aspects of market analysis is, in my view, time, symbol “t” and pronounced “tango.” Yes, as in whiskey, tango, foxtrot… Whether you agree that we’re in a replay of the 1920-1921 short-term market ;lows that led to the final blow-off in 1929, and regardless of the social parallels we’ve discussed … Read More
I clicked into the short side of the market this morning in the Extended Hours session. Admittedly, it’s a long-shot, but there is a technical possibility (based on aggregate market behaviors). And, if it doesn’t work out, I won’t be in even the whole day. The common “buzz” is that the market is going higher … Read More
Should former SecState John Kerry be indicted for violation of the Logan Act? Kerry has in recent months, according to this Boston Globe Story, been holding talks with Iranian leaders. Specifically, alleges the Globe “He sat down at the United Nations with Foreign Minister Javad Zarif to discuss ways of preserving the pact limiting Iran’s nuclear weapons program.” … Read More
This weekend was full of “Making” things around the ranch. Because it was so cool in the mornings, high 40’s, it got me to doing some serious noodling on this whole climate issue. Another factor was sweating…a lot! When the morning starts off with coffee and it’s 56 in the shop, that’s what I’d call perfect … Read More
We have a strange way of looking at markets. Theory I cobbled-up called Aggregate Market Theory (AMT). The thinking is very simple (with me, it would have to be, right?) If you have 10-dollars on you, it doesn’t matter whether you have a five in your left pocket and a five in your right. Or, … Read More
Not following? Try to keep up with the class here:Russian-led troops in Donbas attack Ukraine 38 times in last day, says this report. It’s axiomatic that presidents don’t launch missiles while the market is open. So we are reasonably confident that as soon as the market (and after hours) ends this week, things will heat … Read More
Screaming upside open seems to be in store based on the early futures readings. Trade war cools and Bayer shares jump on report of U.S. antitrust deal on Monsanto. Not that anything has changed, though. World’s still a screwy, broken, hyper complex bowl of spaghetti that could break at any moment. Concepts like Anti-Fragile fail because … Read More
Futures up 322 on the Dow? Of course the market’s running up today! Ah, the perversion of economics spun along beautifully along with Hoover II’s SSFM (seriously steamy freaking mess) on 60-Minutia (sic). But in the end, who cares? OK, Melania, then… Forget the DVD taunts (where is the extortion line crossed?), the blah, blah, … Read More
On the Peoplenomics side of the house, we will be taking on a very complicated subject in the ChartPack tomorrow: How much of our contradictory signals in the economy right now can be traced back to corporate tax reform? And while THAT debate (and modeling) continue, there’s the matter of the coming jobs collapse … Read More
Before we get into this morning’s Consumer Price Report from the Labor Department, a reality check is suggested because of what I’ve long-held is one of the Big Lies in economics. I refer to what John Maynard Keynes talked about: He sold the marginally-sane idea that there is a prevailing level of prices. It is this, … Read More
This is one of those slow-motion roll-outs that happens every month: The latest job numbers come in three ways: ADP has a job creation report. Out yesterday and up. Meantime, Challenger job cuts is just out and reads like this: “The nation’s employers announced plans to cut 35,369 jobs in February, down 20 percent from the 44,653 cuts … Read More