Saturday, August 6, 2011

Weekly Indicators: signs of a rebound edition

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- by New Deal democrat This past week was bookmarked by the conclusion of this episode of idiocy in Washington on Monday, which at the end...
Friday, August 5, 2011

Post Debt Ceiling Reads

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Let me know of you see a pattern to any of this .... Sell the Bounce Heading for a Double Dip Recession? Market's Major Trend Now Down W...

Where's the fear?

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- by New Deal democrat To hear much of the breathless commentary yesterday, the world is on the verge of another 2008-style financial seiz...

+117,000 on Payrolls; Unemployment Rate to 9.1%

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From Bloomberg: Employers added more jobs than forecast in July, the jobless rate fell and wages climbed, easing concern the U.S. economy i...

What the Hell Happened in the Markets Yesterday?

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I'll touch on the dollar later today -- or maybe next week depending on economic events. So -- what the hell happened yesterday? There ...
Thursday, August 4, 2011

An Appraisal of the Current US Economic Situation

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Over the last few days I've spent a fair amount of time talking about the stupidity of the budget deal (see here , here , here , here ...

Three Major Averages Have Broken Long-Term Trend Lines

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The DIAs, SPYs, and IYTs have broken through two year trend lines.

The Failure of Austerity

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From today's Washington Post: The trouble in Italy and Spain came amid more signs that European economies are rapidly slowing as nation...

Jobless claims: a ray of light through the dark clouds

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- by New Deal democrat There's certainly been a lot of bad economic news lately, so it is worth noting that with this morning's init...

Can Anyone Find A Credible Economist Who Is Projecting Increased GDP From the Debt Deal?

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From Angry Bear: J.P. Morgan : "we continue to believe federal fiscal policy will subtract around 1.5%-points from GDP growth in 2012...

Thursday Oil Market Analysis

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Last week, I wrote the following about the oil market: Yesterday, all speculative commodities took a hit as the markets started to seriousl...
Wednesday, August 3, 2011

The Washington Lobotomy Factory Proves Itself

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Perhaps the biggest problem with this newly found love of austerity is that it does not work. Other countries have tried it over the last f...

Shanghai still leads

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- by New Deal democrat With Monday's surprise steep decline in the ISM manufacturing index from 55.3 all the way down to 50.9 (right a...

Wednesday Commodity Round-Up

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Below is a series of charts of various commodities. I've posted them to show the old adage that, "the only cure for high commodity ...

Broader Markets Move Into Bear Market Territory

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I'll touch on commodities later today. Note the SPYs, IWMs, DIA, and IYTs have all moved through their simple 200 day SMAs printing str...
Tuesday, August 2, 2011

Why the Budget Deal Will Hurt the Economy -- Perhaps Badly

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For more thoughts on why the debt deal is probably bad news for the economy, see this post from yesterday . Ezra Klein: The idea, in other w...

July employment preview

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- by New Deal democrat First of all, if Jimmy Hoover Obama has any honor, he will do as LBJ did in March 1968 and announce that he is no l...

A Quick Note on the Markets

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The SPYs, QQQs and IWMs are all flirting with their respective 200 day EMAs and SMAs -- the line between bull and bear market. As I noted y...
Monday, August 1, 2011

Treasury Tuesdays

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Last week, I wrote the following about the Treasury market: Neither market has any firm direction right now and is instead at the mercy of ...