There’s evidence that the revenue loss has stabilized. But there’s no sign of growth. Here’s why that’s bad news for stocks.
As if the widening Federal Budget deficits forecast by the Congressional Budget Office (CBO) weren’t bad enough, the Monthly Treasury Statement for August released last week, revealed that things are even worse than even the CBO thought.
But are we surprised?
We have been tracking this disaster month after month, as we watch the US Treasury dump an ever growing supply of new paper on the market month after month.
Now even the mainstream media is picking up the scent.
The post More Treasury Paper Dumping by the Truckload. It Could Mean Only One Thing… appeared first on Lee Adler’s Sure Money.
There are increasing hints of a bottom in gold. Here’s what to look for.
The market continues to trend weakly higher, with no sign of real conviction or cyclical breadth momentum.
A lower than expected CPI release on Wednesday morning sent the stock market rocketing higher.
But has anything really changed?
And does it mean anything for our bearish stock market outlook and strategy?
After a quick glimpse at how the media handled it, we’ll take a deeper dive into the numbers to see what’s really going on, versus the Wall Street media narrative.
The post CNBC Just Posted Fake Inflation News. Here’s The Real Story… appeared first on Lee Adler’s Sure Money.
The Daily Treasury Statement data for the end of August showed some improvement in total tax collections, including a slight uptick in withholding taxes and an even bigger increase in excise taxes.
The numbers suggest that an early summer slowdown has…
The Daily Treasury Statement data for the end of month August showed some improvement in total tax collections, including a slight uptick in withholding taxes and an even bigger increase in excise taxes.
The numbers suggest that an early summer slowdown has ended. After the expected downward revisions in June and July jobs data, the August uptick in jobs was not a fluke. And the excise tax data suggests strong retail sales.
So, not an altogether bad summer – if you happen to be a politician or government taxman. But what about for investors?
The post These Numbers Could Push the Fed to Do Something Stupid appeared first on Lee Adler’s Sure Money.
The data suggests that the economy has perked up from some softness in the previous 3 months. That will encourage the Fed not only to continue tightening. Not only that, but now a Fedhead has come out suggesting that policy should be even more restrictive. But will the Trump Regime employ countermeasures to boost stocks?…
Gold shows signs of bottoming an important cycle, and while miners have been getting hammered I have picked a falling knife to try and catch. It looks better than the rest.