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Consumer Confidence Crashes But, but, but… yesterday CNBC was telling us about how strong the consumer is and how bonds must be wrong. UMich Consumer Sentiment collapsed in August (flash … Read more
Gaetz: "Can you state with confidence the Steele dossier was not part of Russia's disinformation campaign?" Mueller: "With regard to Steele…that's beyond my purview." Gaetz: "It's exactly your purview! The … Read more
via sentimentrader: Confidence nears upper bound Over the last couple of days, Dumb Money Confidence has poked above 80%. While it has gone higher over the past 20 years, this is … Read more
by Egon von Greyerz Investors today have Hobson’s Choice. But they still don’t understand the options open to them. Thomas Hobson had a livery stable of 40 horses in Cambridge … Read more
Legendary geopolitical and financial analyst Martin Armstrong says America’s economy is like being “the prettiest ugly sister in the family” of nations. So, if the U.S. economy is so good, … Read more
Partly recovered? I can’t wait to see what “fully recovered” looks like. Federal Reserve Chairman Jerome Powell said Thursday that the U.S. economy was hit by a severe “confidence … Read more
via @TaviCosta: All previous declines from cyclical highs led to recessions. Confidence leads the way. History doesn’t repeat itself, but it often rhymes. via @Not_Jim_Cramer: ISM New Orders – Inventory Spread … Read more
ignore trump – the economy is decelerating with the rest of the world pic.twitter.com/dV3OcH5DxB — Alastair Williamson (@StockBoardAsset) June 29, 2019 pic.twitter.com/C6tncH4U8i — Alastair Williamson (@StockBoardAsset) June 29, 2019 Yikes! … Read more
As Trump touts stocks, bonds send an ominous message President Trump often touts the buoyant stock market as an indication his economic policy success. In so doing, he chooses to ignore … Read more
“Durham is working very fast and digging very deep … Durham is meeting regularly with the department heads.” Scroll to 6:55 h/t ProfessorWhistleTitz
by WARREN MOSLER Back down from already depressed levels even as mortgage rates fall: US New Home Sales Fall Unexpectedly Sales of new single-family houses in the US dropped 7.8% … Read more
Consumer confidence drops to lowest level since September 2017 Consumer confidence is on the decline. The Conference Board’s Consumer Confidence Index tumbled to 121.5 in June, dropping from a downwardly revised reading … Read more
It was a massive Wowser WTF moment on stocks! Donald Trump says he’s having a meeting with Xi and the stock market goes into the stratosphere! Then XI confirms, and … Read more
by WARREN MOSLER Rolling over: Also rolling over, and inline with the drop in retail sales: U.S. auto sales are falling as vehicle prices climb, indicating that buyers at … Read more
buy bonds, sell stocks, recession fears still linger pic.twitter.com/HnkQHlTkfz — Alastair Williamson (@StockBoardAsset) March 26, 2019 Consumer Confidence Crashes Most Since Oct 2008 After a hope-filled rebound in February, Conference Board … Read more
What is happening in the House of Commons today is a failure of democracy. The Liberals probably lost a confidence vote but it was blocked. Members may have been intimidated … Read more