It’s 2 trading days since our Hammer Time post, that foretold a bounce. Talk about a tough market. Up, down, up, down. The S&P 500 already set a record last week with its number of time crossing the MA 50 in 2015 (with several months still to go), and now this week is +2 more, up and…
As U.S. stocks reverse yesterday’s upward path, turning negative today by more than 1 percent during the afternoon and taking the Dow Jones Industrial Average negative on the year, China’s devaluation of its currency is overblown, according to institutional investor reports. China’s move last night to devalue the renminbi, viewed as an additional measure to prop up…
The US Daily Cash Deficit for July 2015 was $129B, topping my $115B forecast primarily due to a surge in Medicare and Medicaid cash outlays. Click on picture to enlarge Revenues: Revenue was up just 2.5% in July compared to the Annual of +7%. However some of that was due to one time cash receipts…
One of the most common pieces of advice in the gold-bug world is to get as much metal as possible for your money, which means buying bullion rather than rare (i.e., numismatic or collectible) coins. The latter weren’t confiscated in 1934, but — so goes this line of thinking — that’s not an issue this…
Click on picture to enlarge Its easy to turn on the TV or go on the web and find a discussion about how the Fed is going to raise rates. Government bonds and Utilities are often viewed as being sensitive to interest rates. If billions of free thinking people think rates will rise, they usually…
For months now it’s been popular to consider the oil crash contained, that is to suggest that it has no repercussions outside the energy industry. However, equity investors should take note that one of the single largest buyers of equities in the world may now become a net seller simply due to the oil price…
Cities or states are enacting higher minimum wage rates. Businesses should consider one or more of these four strategies: reduce labor usage, substitute equipment for labor, move to a lower-cost area, raise prices. These categories are not mutually exclusive. A store near my office hires people to stand on the sidewalk holding signs that say…
Individual investors take note… Some of the world’s best money managers are betting on the biggest financial disaster since 2008. You won’t hear about this from the mainstream media. Networks like NBC or CBS don’t have a clue… just like they didn’t have a clue the US housing market would collapse in 2007. Carl Icahn,…
Surprise Devaluation In a move sure to heighten trade tensions with protectionists in US Congress, Surprise China Devaluation Marks Escalation of Currency War. According to conventional wisdom, wars are easy to start and difficult to end. Similarly Beijing’s devaluation, the biggest one-day currency move since 1993, represents the latest skirmish in an emerging battle which, analysts…
Devaluation Could Alter Fed’s Timing The longer you invest, the more you realize the extremely important role central bank policy plays in the global financial markets cannot be overstated. China’s recent currency devaluation puts additional pressure on other central bankers. From Bloomberg: China’s move has raised the risk of a “currency war” as export rivals seek…
