NewCover with LOGO

09-SEPTEMBER 22-2022

No surprise here!Good morning.
There are plenty of ways of looking at the economy.  Measures like GDP, however, can take months to accurately compile.  Other data can be gathered much more in real-time, giving a snapshot to where the economy is at right now.
One such indicator is container spot rates.  This measures the price for using a container to ship cargo globally.  In a slowing economy, fewer goods are moving around, and falling rates reflect a lack of demand.  Overall, the Baltic Dry Index for the China-West Coast market has shown a 76 percent drop over the last six months.
With this steep of a slowdown, we’re likely on track for another quarter of economic decline.  And it could mean more companies lower their earnings estimates, leading to another drop lower in the months ahead.

Now here’s the rest of the news:

Buying Conditions Are the Worst in Decades
Bloomberg reports “Americans See Worst Buying Conditions in Decades on High Prices.”  The polls are not at all surprising and arguably next to useless.  Polls do little other than show current conditions visible in other data.  For example… [Read Here]

Watch: Strategas CEO Says The Economy Will Drastically Change In 2023
Jason Trennert, chairman and CEO of Strategas Research Partners, joins CNBC’s ‘Squawk Box’ to break down his market forecast and explains why he believes there will be a recession in 2023… [Read Here]

September 22, 2021

Summer Fun_29Good morning.
Chinese markets finally opened today after two days of holidays.  The time off couldn’t have come at a worse time, given the deteriorating situation at Evergrande.  News came out that the property developer missed two debt payments on Monday, sparking even more concern that this could be China’s “Lehman Brothers Moment.”
When a company goes under, the real question is how interconnected it is to other companies, particularly banks.  Should a bank end up going under or needing a bailout thanks to the collapse of Evergrande, it’s possible that the fear in the markets of the past few days will continue.  Eventually, China will likely step in at some point, but it’s a question of how far things will go first.  Continue to expect volatility, with some bigger intraday swings in the market as well.

Now here’s the rest of the news:

Tax Increases Alone Can’t Pay for the Democrats’ Reconciliation Bill –Travis Nix, AIER
This $3.5 trillion spending spree is too large to be funded through tax increases.  That means finance via deficit spending, which will boost already soaring inflation rates… [Read Here]

Now That the American Dream Is Reserved for the Wealthy, The Smart Crowd Is Opting Out –Charles Hugh Smith, Of Two Minds
The labor shortage, explained: Our economy now only works for the top 10%; the American Dream of turning labor into capital is now reserved for the already-wealthy… [Read Here]

September 22, 2020

Summer Fun_19Good morning.
Nothing ever moves up or down in a straight line… but it can often feel that way.  February’s market selloff into March was steep and scary, but there were some rallies in there.  And the March-September rally had a few down days as well.
In the current selloff that started this month, we’ve seen some large rallies already.  And stocks are still near all-time highs.  On a short-term basis, the past few days has moved shares toward being oversold in the short term, as evidenced by a number of traders starting to show interest yet again.

Now here’s the rest of the news:

Science Doesn’t Lie  My jaw dropped yesterday, when I heard key government policymakers on television confidently proclaim we’re in the midst of a V-shaped recovery and the coronavirus is contained.  This rah-rah cheerleading is destined to end in tears, because it’s divorced from reality.
I’m an optimist by nature and I certainly want the pandemic to go away.  However, I don’t embrace delusions and neither should you.  The coronavirus outbreak is impervious to positive spin and continues to batter the economy and corporate operating results.  The latest empirical data from Johns Hopkins (as of Tuesday) indicate that the pandemic is resurgent.  Politicians lie, but science doesn’t.

September 22, 2019

Platinum WatchGold Is NOT the Best Bet in Precious Metals
By Dr. Steve Sjuggerud

Bronze… Silver… Gold…

You already know the next metal in the sequence.  Just about everyone does.

It’s platinum — the king of precious metals.

Sure, American Express has the Gold Card.  But you know what card is above it — the Platinum Card.

Platinum is universally known for being above gold… It’s the ultimate award level.  It’s how you know you’re getting the best of the best.

But it‘s more than a marketing shtick.  Today, it’s an investment opportunity in the making…

Only the shiniest of objects catches my attention!  🙂

Come From Aways, Do You?

More Posts

07-JULY 26-2023

Good morning. The rate of inflation has slowed by two-thirds over the past year.  But getting back down to a pre-Covid level may prove more

07-JULY 25-2023

Good morning. 2023 was supposed to be a fantastic year for the economy, at least in China.  That’s because the country’s harsh Covid-era lockdown policies

07-JULY 24-2023

Good morning. We’ve looked at the U.S. Treasury curve before.  That’s because the curve has been inverted for several months.  Historically, every recession since the

07-JULY 23-2023

Today! July 23, 2022 Today! July 23, 2021 Good morning. Technology companies need to constantly innovate.  That results in a high amount of money being

07-JULY 22-2023

Today! July 22, 2022 Good morning. First-time unemployment filings are ticking up.  While they’re not huge yet, they may be a sign of more trouble

07-JULY 21-2023

Good morning. While markets are happy that inflation is dropping, now hitting 3 percent on a year-over-year basis from a high of nearly 10 percent

07-JULY 20-2023

Good Morning. With commercial real estate valuations under pressure, investing in a big city may seem like a dubious prospect right now.  However, there are

Like this article?

Share on Facebook
Share on Twitter
Share on Linkdin
Share on Pinterest

Leave a comment

Send Us A Message