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  • The Myth Of The Accelerating U.S. Job Market  [View article]
    As long as the administration has a policy of rewarding poverty and punishing success, investors will be reluctant to invest in the USA. There are much better investment opportunities in the world and that is where the investments are flowing.
    Aug 14, 2013. 11:14 AM | Likes Like |Link to Comment
  • Charlie Munger Thinks Oil Is Absolutely Certain To Become Incredibly Short In Supply  [View article]
    It is interesting that Munger does not say alternative energy will replace conventional energy. Do we listen to him or this president of ours?
    Aug 13, 2013. 11:41 AM | 2 Likes Like |Link to Comment
  • How Much Longer Until Stocks Fall Down?  [View article]
    If you are waiting to buy equities at a discount to today's prices, you may be waiting for quite a while. For the next few years, the Fed will keep Treasury yields low so that the Treasury can afford to finance its massive debts. The Fed does not want to get blamed for the Treasury's problems. With low bond yields, I do not see a collapse in equities or commodities.
    Aug 10, 2013. 01:50 PM | 1 Like Like |Link to Comment
  • Heeding Martin Armstrong's Dow Forecast: 30,000 + By 2015  [View article]
    What Mr. Armstrong did not disclose is the along with DJ 30K, we will be paying $275 per barrel of crude. With 10 buck gasoline, we will soon be buying Nat Gas powered vehicles.
    Aug 5, 2013. 03:24 AM | Likes Like |Link to Comment
  • Creates 5,000 Jobs, Destroys 25,000 In The Process?  [View article]
    The retailer that delivers the best product at the best value usually gets the sale. That Amazon does it best means that the rest have a lot of learning to do. Brick and mortar retailers thought that instant gratification would triumph over warehouse sales. They were wrong and unless they can change their business plans they risk going the way of the horse buggy.

    I just wonder when the auto manufacturers will learn this lesson.
    Aug 4, 2013. 04:26 PM | 1 Like Like |Link to Comment
  • Daily State Of The Markets: Fun With Numbers - The New GDP Formula  [View article]
    After this revision, the president can say that his $17 trillion debt is less than one year of economic activity. I just wonder whether sitting on the porch qualifies as economic activity. Perhaps this president would classify it as home security services.
    Jul 31, 2013. 02:53 AM | Likes Like |Link to Comment
  • Pennies From Heaven And Investor Irrationality: When Bad News Is Good News  [View article]
    "It did not take long for Bernanke to be proven right, that, indeed, his hypothetical tapering scenario met its demise just seven days later when the Commerce Department announced on June 26 that first quarter U.S. growth was not, as originally reported, a respectable 2.4%, but instead an anemic 1.8%."

    It is a sad day when the Commerce Department corrects its data by 25%. We cannot trust the president, the State Department, the Treasury Department, the Dept. of Homeland Security, the Defense Dept. and now the Commerce Department. Perhaps these guys should go back to their day jobs flipping burgers.
    Jul 31, 2013. 02:44 AM | Likes Like |Link to Comment
  • Market Outlook: The Calm Before The Storm  [View article]
    "And barring some major economic cataclysm in the coming weeks, the tapering is likely to get underway in September."

    Yes, there will be a major economic cataclysm in the near future and no, there will be no Fed easing beginning in September.
    Jul 21, 2013. 02:34 PM | 2 Likes Like |Link to Comment
  • Re-Regulating The Banking System: What A Mess!  [View article]
    Finally, we have someone who realized the problems with the banks and has printed it. Most member banks of the Fed have excessive risk relative to their capital. The Fed has tried to address this with its QEs, but these banks are still under capitalized. The Fed's stress testing has been a joke. Perhaps the Fed should become more realistic in its stress testing and run this testing for a reasonable period, not 1 year. The results would require sufficient capital to cover most (at least 95%) of the outcomes over a period of time equal to the maturity of most of the asset portfolio.
    Jul 14, 2013. 06:06 PM | Likes Like |Link to Comment
  • Bernanke Vs. The 4-Year Presidential Cycle  [View article]
    Although stock indices (i.e. Wall Street) is at record highs, that does not hold for small businesses (i.e. Main Street). In June, the economy lost almost 200,000 full time jobs. How does that equate to an economic recovery? Perhaps Wall Street will just have to catch up to Main Street. And that may just occur in this presidential cycle.
    Jul 13, 2013. 01:45 PM | Likes Like |Link to Comment
  • Bernanke's New Lip-Service: Don't Believe It, Bond Markets Aren't!  [View article]
    I agree. The 10-year Treasury yield has support at 2.40% and resistance at 3.85-3.90%. That leaves a lot more upside gain than downside loss. Bonds are clearly a sell.
    Jul 13, 2013. 01:37 PM | Likes Like |Link to Comment
  • Why We're Short Oil  [View article]
    Do not look to the Suez for the price of crude. Instead, look to Hormuz to determine this price. Israel will stop Iran from going nuclear and Hisbola and Hamas with Iran's help will continually try to destroy Israel. 1,900 rigs in the 1990s supplied the world with oil. However, that was when the Chinese drove rickshaws and the Indians drove elephants. The current president of the USA has vowed to skyrocket the price of energy to further his agenda. This includes oil prices. Times are different now.
    Jul 13, 2013. 11:38 AM | 1 Like Like |Link to Comment
  • Forget Egypt And Short Crude Now  [View article]
    Before you trade, look at the crude oil futures contracts 6 months out.
    Jul 5, 2013. 07:31 PM | 1 Like Like |Link to Comment
  • The Economy Is Quickly Headed South - QE4 To Follow  [View article]
    If you cannot believe the Fed, the Treasury, and the BEA like the author suggests, why should you believe anyone including the author?
    Jun 29, 2013. 02:25 AM | 3 Likes Like |Link to Comment
  • The Minimum-Wage Stimulus  [View article]
    Doubling all wages will certainly go a long way to reducing corporate profits from domestic production. It will also be an incentive for more automation. The net result will be more robots doing the work of low wage workers and more US workers working zero hours at $15 per hour.
    Jun 24, 2013. 12:24 PM | 4 Likes Like |Link to Comment