A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Cycle structures are a mixed bag, with multiple juxtapositions. The market is unlikely to make a sustained move in either direction in the short run unless a new 6 month cycle up phase kicks into gear with a strong enough thrust to cause other cycles to resynch. The objective would then be to move...
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Early openers thinking about it: Kiwis -0.3%, Aussies +0.2%, Nikkers +0.3% and Sth Korea +0.5%.
In Aussie sectors, Consumer Discretionary +1.1% is the most favoured with Gold -2.2% at the other end.
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. &nbs...
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America’s empire has always been a catastrophe from a financial point of view. The business of empire is essentially a protection racket. The empire establishes its pax…and demands tribute in return. It makes war often…to extend its market sha...
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DESPITE a multitude of measures, many of them considered decisive and effective, taken by the central government to curb wild property prices, the overheating Chinese home market shows few signs of cooling-off.
Property developers everywhere are...
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Over the years I have frequently pointed out what a stupid indicator the Conference Board’s Consumer Confidence indicator is, at least when it comes to the stock market. It’s like a dog chasing its tail. The Con Con, you see, follows the market. Then, each and every month for a half hour or so...
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Critics of the Fed have expressed concern about the inflationary implications of the huge expansion of the Fed’s balance sheet, particularly excess reserves. The reserve bulge was created when the Fed expanded the alphabet soup programs in 2008. At the same time the Fed began paying interest on reserves, paying 1%, which was .75%...
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SPX Update: Slight Shift in View After Thursday’s Action
There is very little to add to the overall picture after yesterday's action. The market came within 16 cents of adding confidence to the bear count, but did not. The action yesterday now forces me to give a slight edge t...
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