Wall Street Examiner exclusives
Every time I hear about the Fed dual mandate I feel it’s part of some kind of “find hidden words” game. The real thing is not what they say
The dual mandate says “maintain price stability” and “empower the maximum employment”. Immediately confusing, because I see nothing dualistic here. It never happened in history of any […]
I’m very confused. Usually the press is a big contrarian indicator. For example the euphoria about economy makes me think that the stock market is a toast. But the abundance of bearish materials on oil (like this one) is very confusing. It would suggest that oil should keep going higher.
But I don’t believe that. You […]
There are two stories that I’ve posted in my feed (the link at the navigation bar) – one is that China just made a bold statement about Ben printing money and another that monetary aggregates just turned into freefall mode (i.e. we are witnessing the start of the classic deflationary spiral).
What to make of that? […]
Paul Krugman had a lengthy piece in the Times over the weekend–something to the effect of what’s wrong with the economics profession. Having the attention span of a gnat, I could not even begin to read the whole thing, but I did manage to get through a couple of paragraphs when I got to one…
There were two pieces of economic data released today. The ADP unemployment data is a prelim to the weekly unemployment claims, and is a bit of a so what. So are factory orders, but let’s take a look at it see to see if there’s any evidence of green shoots, or the latest term of…
As the market just (most likely) formed an important intermediate top it is the good time to celebrate the end of this recession. The bear market rally always ends on perfect news. The end of the recession seems good enough to me to mark the top.
The article I’ve linked above is the perfect example to […]
The FIM (Financial Infomercial Media) has gifted us with more nonsense today in the form of Pending Homes Sales data from the NAR (Realtors) and the Purchasing Managers Manufacturing Index from the ISM (Purchasing Managers). Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows…
The editors of Forbes have asked me to give them my economic forecast for the next year (cough, cough, guffaw). Don’t be impressed. They sent the same email to the whole financial wackosphere. I assume that their purpose, as with the entire financial infomercial media, is to poke fun at us wackos so as to…
Just one simple chart to see how the triple-leveraged financial ETF from Direxion was perfoming during the rally from March lows:
The performance is compared to simple, not leveraged financial ETF (XLF). As you can see the slippage is amazing. I’m curious to know what is your downside target for the correction (if the correction ever […]
The best interpretation of the Fed statement I saw here:
Dear Banksters,
We want our f*** money back before October. If not, we will monetize it and have FASB board bring back stricter accounting rules. Do you f*** understand? Now get a move on selling your $2 trillion in equities, you don’t have much time.
Regards,
Benny
P.S. Jamie and […]
