Toll Brothers stock, one of the largest home builders, is down a whopping 35% from its peak this year as housing prices keep reaching new astronomical heights. The median home price in Tribeca, Manhattan is over $5 Million. Not a problem for Justin Timberlake, but many worry that the wave…
The national debt here and around the world continues to grow inexorably toward the stratosphere, yet households have steadily improved their balance sheets. Household debt to GDP has fallen from almost 100% to just 80% since 2008. Individual assets have risen at a rapid 10% rate that far outpaces consumer…
Consumer Credit Card default rates have “surged” to 4 year highs. Capital One reported its largest write off since 2011 due to credit card delinquencies. Discover Card loan loss provisions in the 1st quarter 2017 rose a whopping 38% to $586 Million. Sounds like the alarm bells have rung! Myth…
Bull Market Dragged Lower in Stock Market With the major stock averages falling 10% at their lows we advised increasing exposure to 90% invested. Markets are priced on earnings expectations and long term cycles still point higher. We highlighted a short term bottom last week with an options chart at…
Since the 1970’s with the advent of free floating currencies and free market capitalism the global economy has progressed at unsafe speeds powered by a seductive credit machine that will gladly foster consumption today for payment tomorrow. A tomorrow that never comes! Deep down we know that our ego has…
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