Apple is having to dramatically increase its share price buybacks to keeps its share price increasing. That won’t end well.
The New York Fed’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit, which shows that total household debt increased by $192 billion (1.4%) to $13.86 trillion in the second quarter of 2019.
Bulls are walking a tight rope here. There are smoldering fires burning everywhere. Almost too many to list, all of which have the potential to unleash a major forest fire. Europe data […]
It is absolutely amazing the lengths people will go to in order to deny the most straightforward and obvious explanation; to torture and twist plain evidence. That’s the thing about rationalizing, though. The narrative usually matters more than the facts. Take tax reform and interest rates. The problem with tax reform wasn’t actually tax reform. […]
It keeps repeating key structures and patterns.
Global markets were shocked Beijing would interject the renminbi into tit-for-tat trade retaliation. Trade war morphing into currency war?
The British manufacturing sector pulled the English economy into contraction for the first time since 2012. Real GDP declined by 0.2% Q/Q in the second quarter of 2019, another minus sign to add to the growing global list. Goods production fell sharply, down 2.3% in Q2 from Q1. It was the biggest decline since 2009. […]
The true scale of horror which the Great Depression unleashed wasn’t breadlines and unemployment, it was the darker side of mankind. When no one has answers, people naturally divert their common sense to seek out the most compelling emotional appeal. The world is broken, and it must be that guy’s fault!
Do investors recognize how much risk they’re taking on at this stage in markets? I think it’s a highly relevant question as things may not be as well as they seem. On […]
A weaker CNY does acknowledge that the Chinese really do need help, but it most certainly is not the help they need.