by Trivirus A few days ago I incinerated one of Wall Street’s favorite myths: “buy and hold.” The reasons are obvious: stock market crashes can be severe and the recovery time-consuming (Dow took 25 years to recover its former peak value from 1929), and if it’s so great, why aren’t Wall Street managers doing it themselves? … Read more
by Anthony B Sanders The Atlanta Fed’s GDP forecast model for Q1 was just increased to 5.4%. This was the highest reading since December 2011. This looks like Q1 Real GDP should be pretty darn good! One reason? US Manufacturing payrolls near 8 year high after best six months since 2014. It’s Willer Time!!!
BY SRSROCCO The U.S. Government is in serious trouble when interest rates rise. As interest rates rise, so will the amount of money the U.S. Government will have to pay out to service its rapidly rising debt. Unfortunately, interest rates don’t have to increase all that much for the government’s interest expense to double. According to … Read more
From Reason: Yesterday, I reported that the oft-cited, debate-driving statistic that Americans use 500 million plastic straws a day was the product of a 9-year-old’s guesstimations. Despite those shaky factual foundations, the 500 million figure has quickly spread, virus-like, across the media landscape and even into our shops and schools. Visitors to the D.C. tea house Teaism — … Read more
Stocks close lower in choppy session as higher rates snuff out rally The S&P 500 declined 0.1 percent to close at 2,821.98 after rising as much as 0.4 percent. The benchmark 10-year yield rose to trade at 2.784 percent, while the 30-year bond yield topped 3 percent for the first time since May. “Today we’re … Read more
By David Stockman Yesterday afternoon brought three salient statements from Washington financial authorities that boil down to a simple admonition. To wit, if you are still in the Wall Street casino, run don’t walk toward the nearest emergency exit. We are referring first to the CBO’s warning that Uncle Sam will run out of cash by early March … Read more
by Ruby Henley Dr. Jerome Corsi asks, “with all roads closed for security reasons, how did DUMP TRUCK get there? QAnon had said “warning False Flag MONDAY.” If you read the following document from Dr. Corsi, you will understand what QAnon said. https://www.scribd.com/document/370425505/Qanon-Decode-Multiple-Posts-Mon-Tues-Jan-29-30-Vers-15-0-Narrative-Shifts-completed-Jan-31-2018-JEROME-CORSI I have told you I am not one who goes and reads … Read more
by Anthony B Sanders Deutsche Bank AG strategist Binky Chadha (a disturbing name since my Basset Hound’s name was Binky) thinks that Contagion Risk (correlation among asset classes) is bad news. (Bloomberg) The concerted selloff that landed on stocks and bonds this week may be a taste of what’s to come for financial markets. That’s … Read more
https://www.youtube.com/watch?v=zPWyEIkadT8 “Nancy Pelosi Called Your Extra Tax Money Crumbs” Trump Laughs At How Stupid She Sounds President Donald Trump Rips Nancy Pelosi For Calling Extra Money From Tax Credits Crumbs Laughs At Compares Her To Using Deplorables this is breaking news today and today news in latest news today and trump news and political and … Read more
by Kimble Charting FAANG stocks (Facebook, Amazon, Apple, Netflix & Google) have done extremely well over the past couple of years and the trend all five remains higher. Below looks at each of these 5 stocks as well as the S&P 500 and the patterns they have created- CLICK ON CHART TO ENLARGE As mentioned above … Read more