Welcome back to the poop deck of once Titanic America. Where the ship of state has been seriously holed, not by an iceberg, but excesses of Marxism and Monetarism. “If the right one don’t get’cha, then the left one will” sang Tennessee Ernie Ford. While loading 16-tons. Hot As Hell CPI “The Consumer Price Index … Read More
I said all of what I had to say (about mis-direction over actual Jobs data) in our Thursday column. As we expected, the Big Bouncy Thursday was a reasonable call. Which brings us to this morning’s coverage of the Bureau of Labor Statistics “offishul” jobs report. To make this easy for you to follow, we … Read More
Slow is good. OK, a little grating sometimes. But overall, slow is sometimes the best course. BBT (Big Bouncy Thursday) Big Bounce Thursday is our beginning example. The Dow sold off more than 300-points Wednesday. Mainly because the Federal Reserve didn’t cave-in to the habitual panhandlers on Wall Street who always want something (like a … Read More
Perhaps not to trigger the Fed, we found the wording of this morning’s S&P Case-Shiller Housing report interesting: NEW YORK, JANUARY 30, 2024: S&P Dow Jones Indices (S&P DJI) 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 November 2023 show that 12 … Read More
Our sense of the market this week is to be wary for a sell-off before the Fed Meeting results Wednesday. Especially if you have been following the CME Fed tool which is not particularly happy about the odds of a Fed move this week. There’s a ton of data this too, so a double-whammy on the … Read More
I want to take you back a ways. November 8, 2021. Dow closed at 36,432.22 while the S&P nailed 4,701.70. Off to the side the NASDAQ rolled up 15,982.36. Our Aggregate Index ended the day at 41,953.86. The Yahoo Finance history notched an adjusted price of $67,566.83 that day, as well. Then there was Monday’s … Read More
What have we told you since BTC was launched? Don’t touch cryptos with a 10-foot pole. Takes a while for us to be right sometimes. But in the long run, we usually get there. Now we can pretty clearly see how NY Financiers are stealing the whole Crypto game and will be screwing “little people” … Read More
OK, so the word “Giftery” doesn’t seem to be in the Oxford Engrish. Uppity damn Brits, anyway. Everyone here knows that giftery is the fine art of giving unto others, so they will give unto you” at well-managed levels both in terms of time and resources. Perplexing no end are the mysteries of giftery that will periodically … Read More
Other than a Biden motorcade incident, drone lobbing, and NATO getting ready for war with Russia (over Ukraine’s aggression/taking of Russian-speaking lands), it’s just another Monday. With a week to shop for Christmas which is a three-day weekend ahead and New Years the week after. Devaluing News I wanted to begin with a simple lesson … Read More
Yeah, the market rallied in a hysterical way Wednesday when the Fed: Did nothing In an unchanging war-crazed world During a domestic political nightmare In an over-crowded, resource constrained world Amidst headlines about stocks hitting “records” Seriously, Bubba? In reverse order, let’s put some neurons to this, shall we? In reverse order – because the … Read More
Although we don’t offer financial advice, we do nevertheless write and opine on both economics in general, the long waves within economics, and some of our own independent research very specifically. Thus, we feel somewhat driven to announce this is likely to be the transition into? Deadly Downside Day We begin in the general economics … Read More
Too hot to keep the odds of another Fed hike at zero? NEW YORK, OCTOBER 31, 2023: S&P Dow Jones Indices (S&P DJI) 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 August 2023 show that 13 of the 20 major metro … Read More
That small list – three items on today’s agenda – will cover more ground than the evening news will tonight. The reason has to do with longitudinal versus latitudinal events in the art of “deriving future.”