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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By Phil of Phil's Stock World This chart from the NYTimes pretty much says it all: The average annual inflation-adjusted return for the S&P 500 has been in decline since the late 90s, the decline only paused in the 00s and that fooled us into thinking it was a recovery...
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Welcome to 2012, the third act of a tragic play. As an investor, you have a part in it.
So, if you haven't been paying attention to character development or lost sight of the plot, you're going to be frozen onstage when it's your turn to act.
The bumbling fools in D.C. have done it again. They’ve screwed us all one more time. The low rent morons who are running the show have kicked the can down the road for (get this) two months.
On Saturday the Senate agreed to a bill that would A) ext...
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For once, what I found most interesting about yesterday wasn't the charts. It was the push that suddenly materialized from the Fed to assure the market that the stimulus guns were ready, and loaded for bear. I found that quite unusual, because th...
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Kewl. Nick Timiraos just retweeted my tweet to him.
NickTimiraos Nick Timiraos Obama jobs bill would spend $15B to have construction workers rehab hundreds of thousands of vacant, foreclosed homes and businesses
Lee_Adler Lee Adler by NickTimiraos@...
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THE 5 percent of Americans with the highest incomes now account for 37 percent of all consumer purchases, according to the latest research from Moody’s Analytics. That should come as no surprise. Our society has become more and more unequal.
Whe...
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When it comes to the larger economy, Irene could provide a hefty stimulus. Analysts are already predicting a big jump in construction and home-furnishings spending as beleaguered homeowners rush to repair and replace property that was destroyed in t...
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All attempts to reform the Status Quo of advanced finance-based Capitalism will fail, as its historically inevitable crisis is finally at hand.
It is self-evident that conventional economics has failed, completely, utterly and totally. The two comp...
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August 30, 2011
The New Resentment of the Poor
In a decade of frenzied tax-cutting for the rich, the Republican Party just happened to lower tax rates for the poor, as well. Now several of the party’s most prominent presidential candidates and lawma...
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michaelsderby Michael Derby by Lee_Adler#Bernanke declines to lay out fresh support for economy, but expanded Sept. FOMC meeting may be the key to whether new stimulus is coming.22 minutes ago Favorite Undo Retweet ReplyLee_Adler Lee Adler @ @michaels...
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Ya wanna see what has the Fed in a panic?
Well, look no further than this link:
http://www.calculatedriskblog.com/2011/08/new-home-sales-in-july-at-298000-annual.
html
...at Calculated Risk blog, which shows the chart below.
Needless to say, the ab...
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If the notion that we are merely living through the aftereffects of a mere “recession” that ended in 2009 sounds somewhat ridiculous, that’s because it is. If we were being honest with ourselves, we would call this a depression. That would cer...
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Well, it's deja vu all over again.
For anyone who followed the market crashes of 2000-2002 and 2007-2009--especially the crash of 2007-2009--the 512-point drop in the Dow feels awfully familiar.
And as those market crashes reminded us, the downdr...
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On Aug. 11, 2010, the Dow Jones Industrial Average plunged 265 points, or 2.5%.
This Tuesday - almost exactly one year later - the Dow dropped ... 265 points.
Those carbon-copy stock-market sell-offs weren't a coincidence. - as yesterday's (Thursday's) 512-point drop and further weakness will prove.
Although the...
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One night at dinner a few years back, my Dad, Greg Fitz-Gerald, explained exactly why the "tax-takers" in Washington think that recoveries, bailouts, negotiations and stimulus packages are a good idea - while the taxpayers believe just the opposite.
"When you rob Peter to pay Paul, Paul generally thinks this...
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Not to pick on just Microsoft, but they typify the method that large US multinational use to lower taxes, and thus “beat on earnings”. . Below is MSFT’s income tax discussion. They lower their effective tax rate a full 7% by taking foreign income to $19.2 billion from $15.4 billion, and lowering US income...
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The June jobs report was abysmal - bud sadly it's just the beginning.
After just a few months of modest, stimulus-induced improvement the jobs market is again sliding backwards into a "new normal" characterized by even higher rates of unemployment.
"Unfortunately, I expect chronic high unemployment to be...
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Here's all you need to know about the current paralysis of Fed monetary policy. The FOMC is officially forecasting an unemployment rate of 7.8%-to-8.2% by the end of 2012----3 ½ years into the "recovery"---and has decided it cannot do anything abo...
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Caught between a weak economy and the threat of inflation - two problems that argue for opposite solutions - the Federal Open Market Committee (FOMC) has little choice but to essentially stand pat at the culmination of its meeting today (Wednesday).
Faced with that challenge, it's likely...
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When U.S. central bank policymakers conclude their two-day meeting today (Wednesday), there's really only one question investors want an answer to: What's the U.S. Federal Reserve plan for QE3?
Let me answer that for you: QE3 is a done deal - although Fed Chairman Ben Bernanke &...
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This post is an abridged excerpt from the June 16 Wall Street Examiner Professional Edition Treasury update. Click here to try the service risk free for 30 days and get this week’s complete Treasury and Fed reports and all updates, along with other weekly and monthly reports essential for understanding where the markets and...
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After showing some improvement over the past year, the U.S. job market is now beginning a double-dip.
The reason is simple: The number of start-up businesses has hit its lowest level since at least the early 1990s.
Indeed, small businesses are the main drivers of job growth and no...
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Today’s retail sales report was far from a reason for the market to party. The media are reporting that on a seasonally adjusted basis, nominal retail sales fell less than expected. An analysis of real retail sales suggests that the underlying trend is weakening, and that contrary to the market’s reaction today, the outlook...
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SPX and BKX Update: Next Move Should Be Lower
While virtually every technical analyst on the planet is watching the bullish triangle "continuation pattern" that's been forming in the indices all month, I have stated on several occasions that I don't think it's real. After studying ...
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