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“All The New Jobs Are Going To Immigrants”

“All The New Jobs Are Going To Immigrants”

Language can be quite ambiguous. The quotation in the title of this blog could be viewed as being either true or false, depending on how one defines certain words. Consider the graph shown in this tweet by Matt Yglesias: It shows an increase of employment of slightly over 2 million (in green), with almost all of […]
Tesla’s Robotaxi August Launch Will Be More Elon Musk Vaporware

Tesla’s Robotaxi August Launch Will Be More Elon Musk Vaporware

Robotaxi Hype Tesla Robotaxi unveil on 8/8 — Elon Musk (@elonmusk) April 5, 2024 Musk made the above Tweet on April 5 in response to a Reuters article that claimed Tesla would abandon an entry-level EV priced at $25,000 or less and instead focus on a robotaxi.Musk denied the rumor, then essentially confirmed it with […]
Oil Inflation Fears Going Viral

Oil Inflation Fears Going Viral

Image Source: Unsplash Oil is up sharply as fears over a wider conflict in the Middle East continue to rise. Quite predictably, this has raised widespread concerns over renewed “inflation”. But we just did this six months ago and that example shows what we should expect today and going forward.Video Length: 00:17:51More By This Author:Gold Surges […]
Investors Revel In A Goldilocks Outlook On Economy, Earnings, And Fed Policy

Investors Revel In A Goldilocks Outlook On Economy, Earnings, And Fed Policy

Image Source: Pexels Stocks are pulling back a bit to start Q2 but have shown remarkable resilience throughout their nearly 6-month (and nearly straight-up) bull run, with the S&P 500 (SPY) finding consistent support at its 20-day simple moving average on several occasions, while the slightly more volatile Nasdaq 100 (QQQ, beta=1.18) has found solid support […]
Time To Take Your Precious Metal And Energy Profits Off The Table

Time To Take Your Precious Metal And Energy Profits Off The Table

Image Source: Pixabay Energy stocks have been on a tear recently. Gold, silver, and other metal shares have had an impressive run, too. Their rise has been particularly impressive because the rally has defied the long odds imposed by rising bond yields. But that’s all in some doubt now.These markets find themselves in a fairly precarious […]
Stocks And Precious Metals Charts – Weak And Listless

Stocks And Precious Metals Charts – Weak And Listless

Stocks traded weakly and listlessly today, finishing slightly lower.But VIX dropped rather sharply. Yay us.Gold and silver moved higher.The Dollar chopped sideways.We have inflation data this week. That may provide some impetus for action.Have a pleasant evening. More By This Author:Stocks and Precious Metals Charts – And May the Odds Be Ever In Your Favor Stocks […]
Market Talk – Monday, April 8

Market Talk – Monday, April 8

ASIA:The major Asian stock markets had a mixed day today: NIKKEI 225 increased 354.96 points or 0.91% to 39,347.04 Shanghai decreased 22.24 points or -0.72% to 3,047.05 Hang Seng increased 8.93 points or 0.05% to 16,732.85 ASX 200 increased 15.80 points or 0.20% to 7,789.10 Kospi increased 3.44 points or 0.13% to 2,717.65 SENSEX increased […]
Wall Street Quiet To Start Busy Week

Wall Street Quiet To Start Busy Week

Stocks moved quietly today, closing mixed following Friday’s steep weekly losses. Rising bond yields weighed on the broader market, as traders moved hesitantly ahead of this week’s highly anticipated inflation data. The energy sector led gains today, as several oil stocks hit all-time highs.  OIL BREAKS WINNING RUN, GOLD HITS ANOTHER RECORD Oil prices snapped a […]
5 Favorite Sector ETFs Of Q1 Earnings

5 Favorite Sector ETFs Of Q1 Earnings

Image Source: Pixabay The first-quarter 2023 earnings season will kick off this week, with the banking sector slated to report numbers. There has been a deceleration in the earnings outlook in recent months, with negative revisions for several key sectors since the start of the first quarter.Total S&P 500 earnings are expected to be up 2.5% […]
Steve Hanke Says The Recession Cometh

Steve Hanke Says The Recession Cometh

See here. with a 4.2% contraction in the US money supply (M2) since Mar-22, all signs are pointing to a recession late this year. There have only been four contractionary episodes of the money supply since the Fed was established in 1913. With a lag, they all produced a RECESSION. That’s true:Figure 1: M2 from Friedman-Schwartz (tan), […]