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Lagged Effects Of Epic Tightening Cycle Will Intensify In 2024

Lagged Effects Of Epic Tightening Cycle Will Intensify In 2024

Photo by Michelle Spollen on Unsplash Equifax Canada reports that Canadian households added $80 billion of additional consumer debt over the past year, taking the total outstanding an eye-watering $2.4 trillion.Well beyond paycheck to paycheck, many are living credit card to credit card. The average Canadian credit card balance rose to $4,119 in the third quarter, up from $3,727 […]
Update: These 7 Analysts To Miss Their 2023 Gold Price Targets – Badly

Update: These 7 Analysts To Miss Their 2023 Gold Price Targets – Badly

Image Source: Unsplash The following 7 analysts were brave enough, might we say foolish enough, to put their forecasts of where the price of gold would end up at by the end of 2023, in writing, which I highlighted in an article back on April 26th, and NONE of them have come even close with just […]
Navigating The Yen Surge In A Shifting Economic Landscape

Navigating The Yen Surge In A Shifting Economic Landscape

Yen. Image Source: Pixabay In a surprising turn of events, the yen experienced a remarkable surge, marking its most substantial one-day rally in nearly a year. Triggered by an unexpected hint from the Bank of Japan (BOJ) about a potential policy shift, markets reacted, particularly in terms of yen conversion. This article explores the implications of the BOJ’s […]
Seasonal Surge In Claims

Seasonal Surge In Claims

This morning’s release of Jobless claims came right in line with estimates of 220K and is only marginally higher than last week’s upwardly revised number of 219K. On a four-week moving average basis, claims have totaled 220.75K, matching the level from three weeks ago.As we noted last week, before seasonal adjustment, claims usually increase throughout […]
Pessimism Has A Hair-Trigger, Optimism Not So Much

Pessimism Has A Hair-Trigger, Optimism Not So Much

“Davidson Submits:The  SP500 Net Non-Commercial Futures Positions series was updated yesterday at -80.1, a 90pt decline from 30 days ago. Investors following price-trends remain very skittish. SP500 history shows that  pessimists have used a rise often as an opportunity to increase negative bets. Meanwhile, Real Retail Sales and the Trucking Tonnage indices continue along their prior uptrends which provides […]
Central Banks And Geopolitics To Support Gold In 2024

Central Banks And Geopolitics To Support Gold In 2024

Image Source: Pixabay Gold may not have managed to sustain the record high from the start of the week but it has remained firmly above $2,000. At the time of writing it is trading just below $2,050, a key resistance level. The price has shown very little interest in the usually much anticipated US jobs report, […]
Pictures Of Lilly

Pictures Of Lilly

Even I’m not crazy enough to short this thing, but good God, just look at Eli Lilly (LLY). It’s a straight blast higher, day after day, and it has a price/earnings ratio in the triple digits. Are they expecting a cure for every form of cancer in the next few weeks? As for the market in general […]
Nasdaq Up Triple Digits; Dow Struggling To Keep Up

Nasdaq Up Triple Digits; Dow Struggling To Keep Up

Stocks are mostly higher this afternoon, as Wall Street continues to sift through the latest jobless data ahead of tomorrow’s highly anticipated jobs report, which will likely inform the Federal Reserve’s next steps.At last glance, the Nasdaq Composite (IXIC) is up triple digits following Alphabet’s (GOOGL) launch of its Gemini artificial intelligence (AI) model. Meanwhile, the Dow Jones Industrial Average […]
Productivity Puzzles

Productivity Puzzles

There are a whole bunch of puzzles related to changes in the economy after 1973: 1. Why did productivity growth slow after 1973? 2. Why did growth in real wages slow after 1973? 3. Why has labor productivity growth in construction stalled, while labor productivity growth in manufacturing has remained quite robust?Undoubtedly, there are many […]
A Look At Two Key Sectors As Markets Quiet Down

A Look At Two Key Sectors As Markets Quiet Down

Markets have really quieted down as we get into the meat of December. That’s a plus for the bulls as the bears finally have some things on their side of the ledger to cling to. After such an amazingly powerful rally, the longer the bulls can hold off any meaningful pullback in stocks, the more […]