Ten Hindenburgs So Far

by Tom McClellan The stock market has been doing something peculiar lately.  In an obvious uptrend, we are starting to see an increasing number of NYSE-listed issues making new 52-week lows.  When the number of New Highs (NH) and New Lows (NL) both exceed a certain threshold on the same day, coupled with some other criteria, … Read more

The Risk Of An ETF Driven Liquidity Crash

by Lance Roberts Last week, James Rickards posted an interesting article discussing the risk to the financial markets from the rise in passive indexing. To wit: “Free riding is one of the oldest problems in economics and in society in general. Simply put, free riding describes a situation where one party takes the benefits of an economic … Read more

Trade Deficits Cost Jobs & Shrink GDP

by Spencer P Morrison, NEE On Monday the Trump administration announced that it would impose 10 percent tariffs on an additional $200 billion worth of Chinese goods—including many consumer goods which have been exempt until now.  This rate will increase to 25 percent by year’s end.  China responded by imposing new tariffs on $60 billion worth of American goods.  Make … Read more

America abandons the ideals that made us great

by Fabius Maximus Summary: This year we may have crossed the Rubicon, abandoning the ideals that built America. They will be difficult to recover. America is an idea, or an assembly of ideals. Most of our strengths comes from these intangibles. If we lose those, we are just another nation. There will be nothing restraining our … Read more

The irresistible allure of American Show Trials

by John Ward Why are we so fascinated by the Brett Kavanaugh Karno’s Circus? The Slog investigates.   ¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤ I’ve spent over forty years seeing bits of America (tip: it’s huge, I still have 80% to go) and it remains a forever remarkable country. At University, my main course in a joint Honours Degree was American … Read more