I admit the article title is a weak attempt toward being cute by invoking the Thanksgiving holiday — and I realize I’m mixing metaphors with “bulls” “hog” and “turkey.” This is making me hungry (though when I really want to eat bull, I just tur…
Those inhabiting the economic wish-space got a case of the vapors last week when the Paris-based International Energy Agency (IEA) published an annual…
Last update noted that the market was in a dangerous position and oversold, but that there were some indications that a fourth-wave relief rally was due. Bulls managed to find support where they needed to, and the charts have now solidified the …
This is a syndicated repost published with the permission of The Baseline Scenario. To view original, click here. Opinions herein are not those of the Wall…
Last update, I warned that the odds strongly favored lower prices, and the market has obliged. Most markets are now below major support levels and the decline has given little sign of abating. As I’ve warned for several updates, this is no…
In the wake of their overwhelming defeat last week (at least relative to expectations a few months ago), Republicans are wondering how to improve their position in the next election. John Boehner has apparently told his caucus to “get in … Continue reading →
Tuesday was an interesting day as the market gapped lower, reversed strongly higher, and then retraced most of the rally by the end of the day. The market remains balanced at a key support zone, and the market is very oversold, so while those co…
By James Kwak There is a lot of low-grade confusion in reporting on the fiscal cliff, primarily because most articles discuss two distinct problems: (a) the contractionary impact of automatic tax increases and spending cuts that go into effect on … Continue reading →
By James Kwak From the treasure trove that is the NBER working paper series, a friend forwarded me “Is Psychological Well-Being Linked to the Consumption of Fruit and Vegetables?” by David Blanchflower, Andrew Oswald, and Sarah Stewart-Brown (NBER subscription required). … Continue reading →
Liquidity is the main driver of equities prices, since excess liquidity usually finds its way into assets, while a paucity of liquidity usually necessitates their sale. The QE-Infinity liquidity will start hitting the market this week. The…