Peak Oil Ass-Backwards (part 3) by Allan Stromfeldt Christensen, From Filmers to Farmers So here we are on this precipice of sorts, staring upon the twilight of the industrial economy due to peaking energy supplies and thus peaking credit supplies (as explained in part 2 of this 3-part series). Simply put, being on the peak oil plateau, and with…
QUESTION: Mr. Armstrong; So many people have tried to copy what you do and in the process expose themselves as having nothing original to offer. They pretend to have models that pinpoint dates like October 7th and claim they are using the K-Wave to cover up their theft. Still they fail to understand what…
Reader Gary emailed a link to JP Morgan’s Quarterly Market Guide. Here are a pair of charts from page 19 that caught my eye. Central Bank Policy Rates Current Rates Bank of England: 0.50% Bank of Japan: 0.10% Fed: 0.00%-0.25% (currently 0.14%) ECB: 0.05% Central Bank Balance Sheets Three Questions Other than asset bubbles, what do…
The EUR/CAD pair bounced during the course of the session on Tuesday, which of course was important considering that we had broken down below a pseudo-uptrend line, and of course the all-important 1.4750 level on Monday. On top of that, we broke down below the 50 day exponential moving average, which is quite often used…
By way of a video from Boom Bust (the best show for economics news), Barclays says that the 60 basis point drop in corporate profit margins in the S&P500 over the last 12 months is a sign that we are heading toward a recession. (see 22:30 minute point of video.) Video Length: 00:27:50 The Barclays’ message coincides…
Light economic calendar today For the most part, we have a fairly light economic calendar during the session on Wednesday. We have an estimated GDP number coming out of the United Kingdom, as well as Manufacturing Production. However, that will be a very localized set of announcements. We also have the WTI Crude Oil market…
AUDUSD: The pair rallied strongly on Tuesday leaving risk of more strength on the cards. This is coming on the back of its recent corrective recovery offensive triggered from the 0.6936 level, its Sept 29 2015 low. On the downside, support resides at the 0.7100 level where a breach will aim at the 0.7050 level….
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW + 13 = 16,790 SPX – 7 = 1979 NAS – 32 = 4748 10 YR YLD – .02 = 2.03% OIL + 2.78 = 49.04 GOLD + 11.70 = 1148.60 SILV + .22 = 15.99 The U.S. trade deficit increased to a five-month…
Bank of England chief economist Andy Haldane dug through thousands of years of historical data and found interest rates now sit at the lowest levels in some 3,000 years. Wonkblog economic affairs reporter Matt O’Brien places the historic state of interest rates in vivid perspective in a Washington Post op-ed: This is the best time to…
The Chart of the Day belongs to LGI Homes (NASDAQ:LGIH). I found the entry level home builder stock by using Barchart to sort the Russell 3000 Index stocks first for a Weighted Alpha of at least 50.00+ and then again for a technical buy signal of 80% or better. Since the Trend Spotter signaled a buy on 10/5…
