FEEDFacts, Data, Information: prices go down. Political lies, promises, and bromides: prices go up.
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April Federal tax collections data showed modest economic growth but growing Federal budget deficits. The revenue windfall from April tax collections has been counted and…
Recent price action has broken the triangle pattern on the gold bugs index: One of my favorite shorts, and one which I augmented yesterday, is Pan American Silver Corporation (symbol PAAS). You can see how clean the breakdown has been. This one, I …
My new column for the Cayman Financial Review on the current twists in global Monetary Policies is now available on line: https://www.caymanfinancialreview.com/2019/05/07/monetary-policy-at-the-edge-of-qe/.
Per Factset data, released May 13, “The blended (combines actual results for companies that have reported and estimated results for companies yet to report) earnings decline for the S&P 500 for Q1 2019 is -0.5%. For companies that generate more than 50% of sales inside the U.S., the blended earnings growth rate is 6.2%. For companies that generate less than 50% of sales inside the U.S., the blended earnings decline is -12.8%.”
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How do you spell volatility? T-R-U-M-P! Or at least Trump’s twitter account. After bashing The Fed and calling for rate declines, Trump is doubling down by asking The Fed to counteract China’s stimulus attempts to survive the ongoing trade war. (Bloomberg) — President Donald Trump pushed the Federal Reserve to “match” what he said China … Continue reading How Do You Spell Volatility? T-R-U-M-P! (Trump Seeks to Enlist Fed in His Trade Fight Against China) →
Take a look at this monthly comparison chart of the S&P 500 Index (SPX) versus China’s Shanghai Index (SSEC). While the SSEC literally exploded during 2007 compared with the gains made by the SPX, and ma…
The economic and financial stresses will exceed the workforce’s carrying capacity in the next recession.A number of recent surveys reflect a widespread sense of financial stress and symptoms of poor health in America’s workers, particularly the younger…
Today was by far my best day of 2019, thanks to Trump urinating all over the faces of the Chinese. That’ll go over well, I’m sure. Anyway, now that the China/US bridge is burned beyond recognition, things are getting interesting again. …
The Trump administration raised tariffs last week from 10% to 25% on $200 billion worth of Chinese goods and are considering tariffs on another $300 billion of Chinese goods. The Chinese retaliated this morning, raising tariffs to 25% from 5% and 10% on various goods totaling $60 billion. Obviously, the trade negotiations are not going […]