In recent quarters we have exposed the hyperbole of doom and gloom evidence, while expecting a first quarter 2018 double digit stock market correction. We have shown that the stock market margin debt ratio is normal, credit card and mortgage default rates are calm, credit spreads, junk bonds, yield curves…
Economic data in the US and abroad slowed in March. We believe this is the pause that refreshes. Manufacturing capacity and supply chain constraints have become too extreme for production to meet demand. Limited labor and material supplies continue to elevate delays in shipments and vendor deliveries. This summary from the…
War, what’s it good for, absolutely nothing ! so goes the Motown Vietnam protest song. Investors shouldn’t be surprised that Trump is delivering on his promise to threaten Trade Wars to fix what he perceives as unfair trade decimating US business. Trump’s modus operandi is anchored in domination and alarm. It worked…
The rebuilding of America is underway. Both political parties want an infrastructure spending bill, yet gridlock is likely to prevent the desired $1.5 Trillion Bill ($150 Billion/year) as it requires either massive new deficit spending or higher taxes. A 25 cent Gasoline tax hike to generate $37.5 Billion/year, toll roads…
The Bureau of Labor Statistics (BLS) states clearly that 95 Million people in the US are not in the labor force! Those who are quite alarmed by this shocking number include: Chief Economist Dan North, CNBC financial reporter Rick Santelli and Peter Boockvar, Chief analyst of the Lindsey Group. Echoing…
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