The Treasury’s cash account continues to grow on the Fed’s H41, weekly consolidated balance sheet. It hit $422 billion at the end of November. That’s…
Stock prices started to decouple from durable goods orders in 2013 (see previous post). That broke a direct correlation that had existed since 1999. In…
The Durable Goods Orders report is another data series sending a stark warning to investors. That warning not apparent in the headline numbers or mainstream…
The Wall Street Journal reported today that existing home sales, “rose in October for the second straight month to a new cyclical high despite rising…
Then- Global warming is a con Now- Global warming is a real problem Then– Mitt is a choke artist Now- Welcome to my cabinet, Mr.…
Yesterday we looked at total housing starts for October. The numbers were very strong. I concluded that within those strong numbers lay the seeds of…
In this report, we drill down into industry subsectors to see who the biggest losers and biggest winners might be, and whether any of these…
Money supply maintained its rapid growth in October, with the annual growth rate rising to 8%, the fastest growth since a brief surge at the…
In Part 1 of this report you saw the rollercoaster shape of the European Central Bank balance sheet. The ECB’s assets grew massively under the…
The most important chart you may ever see on the current US market is one derived from data on the European banking system. Why would…
