I’m struggling to find a different way to say the same thing again… Ah, the hell with it. The 10-12 month cycle projection is...
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Felix Salmon Is Shocked!
"We’ve known for years that America has a huge unemployment problem. But I had no idea that the plight of the employed was this bad."
The red line is median real household income, as gleaned from the CPS (Current Populati...
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Josef Ackermann just gave a terrifying speech about the fragility of the Euro banking sector right now.
At a conference in Frankfurt he said, "It is an open secret that numerous European banks would not survive having to revalue sovereign debt held...
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(Read the whole piece.)
Secular Bear For Copper? Bob Hoye
. . .
Implication – Secular Bear Market
Copper's real price reached 337 in 1974 and 330 in 1980. Each accomplished a brief
spike to the high.
Altogether, it was enough to prompt an enth...
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From the Christian Science Monitor...
Some years back, Yale Professor Robert Shiller produced a long-run nominal home price index for the U.S. by fusing together data that had been gathered from a number of historical archives.
Shiller then adjuste...
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Damning evidence of what is going on with bailouts is around the 1 minute mark of this short video from Alan Kohler.
Compares the market's response to the Greek bailout on their debt spreads pre and post bailout and the implication of what to expect f...
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How funny to come across a similar view.The late twentieth century was the heyday of deductive economics. Talented and facile theorists set the intellectual agenda. Their very facility enabled them to build models with virtually any implication, which meant that policy makers could pick and choose at their convenience. Theory turned out to be...
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SPX and BKX Update: The Moment of Truth
In a perfect world, the completion to the Minor (2) rally would mark a new high which exceeds the October top. My preferred count of an ending diagonal suggests that perhaps the session today or tomorrow will finally complete that top. Sinc...
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