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US Daily Cash Deficit November 2014

US Daily Cash Deficit November 2014

The US Daily Cash Surplus for 11/28/2014 was $4.4B bringing the November 2014 deficit for the full month to $75B…which curiously enough is exactly what I predicted here. I love it when I’m lucky. Click on picture to enlarge Revenues ended up at $210B, besting 2013 by just $4B and $1.6%. That’s a little disappointing coming off […]
Gold Daily And Silver Weekly Charts – Economic Sophistry

Gold Daily And Silver Weekly Charts – Economic Sophistry

“The commercial world is very frequently put into confusion by the bankruptcy of merchants that assumed the splendour of wealth, only to obtain the privilege of trading with the stock of other men, and of contracting debts which nothing but lucky casualties could enable them to pay; till after having supported their appearance a while […]
Why Every Asset Price Which Influences Monetary Policy Transmission Is Now Manipulated

Why Every Asset Price Which Influences Monetary Policy Transmission Is Now Manipulated

Keynesian economists are annoying enough when they are pitching inflated financial assets on Wall Street or the supposed curative powers of fiscal deficits on Capitol Hill. But they become positively dangerous when they populate the Eccles Building and usurp control of the nation’s capital and money markets lock, stock and barrel in the name of “monetary […]
So Much For The Measured Pullback

So Much For The Measured Pullback

Yesterday had looked like markets were about to kickstart a move lower, but today put paid to that. Today has the appearance of panic buying, with traders not wanting to be left out of any opportunity to ‘buy the dip’. The Dow went as far as to finish with a new closing high. Looking at […]
Reactors Restart Uranium Mines: Thomas Drolet

Reactors Restart Uranium Mines: Thomas Drolet

Thomas Drolet has decades of experience in capitalizing on the movement of international energy markets. The chief of Drolet & Associates Energy Services is not sanguine about the long-term potential of fracking, but in this interview with The Mining Report, he tells us why now is a great time to reinvest in the uranium space. The Mining Report: It’s been […]
Temp Staffing Reaches All Time High

Temp Staffing Reaches All Time High

As the data predicted a few weeks ago the Temp Staffing Index has continued on to all time high levels hitting 107 for the week ending 11/23. This bodes very, very well for continued NFP gains through Q1 and into Q2 2015.   Also, auto sales remain strong….another indicator of increasing employment:  
SP 500 And NDX Futures Daily Charts – Well Meaning And Clueless, Or Reckless And Self-Absorbed?

SP 500 And NDX Futures Daily Charts – Well Meaning And Clueless, Or Reckless And Self-Absorbed?

“When bad men combine, the good must associate; else they will fall one by one, an unpitied sacrifice in a contemptible struggle.” – Edmund Burke In general, I try to apply the maxim that one ought never to attribute to bad intent what can more easily be attributed to well-intentioned stupidity. I bring this up […]
Russia Is Buying A Lot Of Gold

Russia Is Buying A Lot Of Gold

The relationship between Russia and the West is not getting any better. Recently Putin returned early from the G20 summit where he was criticized multiple times and it quickly became clear that the president of Russia was not going to sit around and take it. It feels like the arguments are not getting resolved at […]
Another Synthetic Biology Company – Histogenics On Deck

Another Synthetic Biology Company – Histogenics On Deck

Histogenics (HSGX) may finally deliver an engineered cartilage that can make damaged knees good again. There are a range of new alternatives being developed but the positioning of Histogenics and their “NeoCart” is encouraging. They are enrolling patients for a Phase 3 trial for knee defects. [See the HSGX IPO roadshow slides for the full story.] At […]
S&P 500 And Monetary Base, Not Reassuring

S&P 500 And Monetary Base, Not Reassuring

Call me a perma-bear with these charts.  Call me what ever you want.  But I do not invent the data, I just look at it and post it when I think it is relevant. There is a post at the GaveKal blog (now linked to the left) about liquidity issues in the markets, so I decided to […]