What is “the gold standard?” Many readers would consider this a simple question and perhaps even an obsolete one. It is for precisely this reason that a mere definition is inadequate as an answer. A definition conveys no understanding and
February 9, 2016
The story of the post-crisis economic period is simple: The housing boom left the household sector mired in a deep debt hole. This was further exacerbated by the leverage Wall Street added on top of the household sector’s debt. This
The Stock market is at do or die support. With the S&P 500 right at do-or-die support per this chart (absolutely critical, but not particularly strong support), I have done more flattening out after yesterday’s post noting a short cover of
Before the US market opened, Japan’s Nikkei had posted a -5.40% plunge for the day. The Nikkei is in a bear market, down 22.9% from its interim high in late June of last year, and it has taken a dive
The gap down had set up for a big bearish move lower, but the collapse never appeared. Instead, lows held as support. On the flip side, an attempt at a rally couldn’t get off the ground, but markets were able
Several weeks ago, a comment provider ripped into me for being a left-wing nut job. What did I do to draw his ire?I explained that the tapering of QE3 and the 0.25% rate hike bump – modest stimulus removal efforts on the
Here are the possible outcomes for the current ’rounded bottom’ for spot gold. If it has a retracement that successfully returns to set a new high for this leg of the market we will have a successful handle and the
Clorox (CLX) has increased its dividend for nearly 40 straight years and owns some of the most well-known and recession-resistant consumer brands in the country. The company is a fraction of the size of P&G (PG) and has numerous growth
“Davidson” submits: Light Weight Vehicle Sales, Help Wanted Online, Household Employment, US Real GDP and PCE Trimmed Mean Inflation were reported this week. All continue to signal economic expansion. Yet, fears of major bankruptcies in the energy sector, collapse of
Global equity market investors have lost a stunning $16.5 trillion of their newfound CB-fueled “wealth” in the last six months. This has erased half of the gains from the 2011 lows (but of course leaves all the debt created still in place).
