ACT Research, the leading publisher of commercial vehicle industry data in North America, reported last week that freight rates in for-hire trucking had declined in May.
“And I heard as it were the noise of thunder. One of the four beasts saying come and see and I saw. And behold a white horse”. Did the Fed just cop […]
I thought this one needed a separate notation, though the same subject as the previous article. We’re still talking about the foreign repo pool, or monetary policy’s original reverse repo. It’s basically a way for overseas official governments and central banks to tell the Fed’s New York branch they’re uncomfortable with the dollar condition. How […]
It’s difficult a lot of times to easily and succinctly describe what’s going on inside a monetary system that; 1. Spans the entire world, easily jumping across if not erasing geographical boundaries; 2. Is located in the shadows, leaving us with no direct data or statistics; 3. Often works in a dizzying array of complexities. […]
The initial trailing stop condition for our SPY call trade initiated last Monday was met at 2:30 PM today. In this weekend’s report I recommended…
New highs are always informative from a technical perspective. What do the internals look like, are there divergences, positives or negatives, in short: How strong/sustainable are these new highs? Well, $SPX made […]
The asymmetries are piling up and we’re cracking under the weight.Judging by the record-high stock market and the record-low unemployment rate, the “recovery” has reached new heights of prosperity. Academics and think-tankers viewing the global ec…
In lieu of my weekly technical update this opinion piece instead: The free money whores are back again. Harsh? Perhaps. Untrue? Not really. As I’ve stated before our market system is broken, […]
Our society has a legal structure of self-rule and ownership of capital, but in reality it is a Neofeudal Oligarchy.The Inheritance of Rome: Illuminating the Dark Ages 400-1000 is not an easy, breezy read; its length and detail are daunting.T…
Today’s prescription for unstable markets and finance: more monetary stimulus. For unstable economies: more monetary stimulus. For inequality, trade wars and geopolitical uncertainties: much more monetary stimulus.
