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China Going Boom

China Going Boom

For a very long time, they tried it “our” way. It isn’t working out so well for them any longer, so in one sense you can’t blame them for seeking answers elsewhere. It was a good run while it lasted. The big problem is that what “it” was wasn’t ever our way. Not really. The […]
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                        In The U.S. Non Farm Productivity Growth Sped Up Last Year, And Unit Labor Costs Declined

E In The U.S. Non Farm Productivity Growth Sped Up Last Year, And Unit Labor Costs Declined

For the public, it might seem that economists overemphasize the importance of business productivity improvements as an explanation for the well being of the economy. Nonetheless, a country’s ability to improve its standard of living over time depends almost entirely on its ability to raise its output per worker. At the firm level, productivity is […]
The 2008 Financial Crisis And The Next One Have A Common Root

The 2008 Financial Crisis And The Next One Have A Common Root

iStock.com/EtiAmmos Capitalism Has Worked, but It’s Now Leading Us to Financial Collapse Capitalism has proven to be the system that can claim to have created the most prosperity. But it has also created, or at least has encouraged, considerable injustice. The widespread prosperity is now eroding while injustice is increasing. Meanwhile, stock exchanges are teetering, […]
Blockchain’s Impact On The Finance Industry, Part 3

Blockchain’s Impact On The Finance Industry, Part 3

This is part 3 of our multi-part series on the blockchain. In parts 1 and 2 we talked about the specific effects of blockchain and cryptocurrency on the finance industry as well as how it will impact asset management and investing. Today we are diving into payments and banking. You Get a Currency and You Get a Currency While […]
A Bounce, Not An Opportunity

A Bounce, Not An Opportunity

Yeah, yeah. Big reversal. Particularly in real estate. But this is going to exhaust itself soon enough. Here’s the bigger picture:
Trump To Declare War On Fed In 2018

Trump To Declare War On Fed In 2018

We are only a little over one year into the Donald’s Presidency and what we know most for sure is that our new President loves debt. Not only did debt and deficits get the cold shoulder in the recent State of the Union, Trump played “Let’s Make a Deal” with the Lords of the Swamp […]
Market EKG Goes Haywire

Market EKG Goes Haywire

We were reminded of an EKG when we made the chart below. The chart shows the S&P 500’s daily percentage change going back to 2017. Aside from a few skips here and there, the market’s “EKG” looked pretty stable throughout 2017. Since early 2018, however, things have gone haywire, with violent daily moves in both directions. If the […]
Gold’s Chance To Finally Shine And Its Upside Target For Friday

Gold’s Chance To Finally Shine And Its Upside Target For Friday

Taking profits on our short positions and closing them on Thursday turned out to be a good idea. Gold, silver and – on an intraday basis – mining stocks moved higher on Friday, while the USD Index declined. But, is the rally over after just one day? Not likely – gold’s and miners’ turning points […]
DAX: Calling For Another Extension Lower

DAX: Calling For Another Extension Lower

DAX, the index from Germany, is correcting higher degree cycle from February 2016. Short-term Elliott Wave view suggests that the rally to 12597.51 at February 26.2018 ended Primary wave ((X)). Down from there, the decline unfolded as a 5 waves Elliott Wave Impulse Sequence which ended at 11730.50 and this 5 waves ended Intermediate wave (A) of a Zigzag structure in the higher degree. […]