Even though most of the states in the U.S. have passed their own minimum wage laws, the federal minimum wage remains unchanged at 7.25 U.S. dollars since July 2009. Taking this into consideration, it’s no surprise that U.S. residents earning minimum wa…
Even on the intraday charts. The ES futures rallied back to the 10 day trendline. They tagged it nicely and stopped dead. Now, at 5:20 AM NY time, they’re showing signs of rolling over again. This is after also hitting a 5 day cycle projection of 4485….
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
I give to you……….General Motors:
Janet Yellen has now confirmed that the Treasury will run out of money in October, as we already knew from our tracking of the data. Congress will be forced to raise the debt ceiling. Treasury supply will mushroom at the same time as the Fed begins to cut its market support operations. The RRP slush fund will affect the timing of the coming disaster. But we know its coming and we have a good idea of when.
Meanwhile the BLS has fomented a completely false picture of inflation. I explain that in this report. It’s blatant.
By incentivizing speculation and corruption, reducing the rewards for productive work and sucking wages dry with inflation, America has greased the skids to collapse.
The Chinese special administrative region of Macau is well-known for its gambling tourism. With the government of the People’s Republic potentially tightening regulations following a public consultation concerning the gambling market, stock prices of t…
OK. I cheated. That’s counting the weekend. Was there an up day yesterday. Sure can’t tell that from the hourly chart. And as of 5:45 AM in New York, the price of the ES, S&P futures, has reached a critical juncture.
That juncture is the pric…
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
The cycle picture is hazy. The table at left (subscriber version) is my best guess. A short term low is due, but at a lower projection. The would-be 13-17 week cycle up phase has gone nowhere, despite a new projection that points higher. If it doesn’t get out of this range soon, it would suggest the possibility of a wicked down phase ahead. If the price holds above the May-August downtrend line as shown on this chart (subscriber version), that would be constructive