The headlines say construction spending was up and within expectations. Our view is that this does not consider inflation. Analyst Opinion of Construction Spending There continues to be significant backward revision to the date – this month was slightly upward and did not change the trends. The rolling averages were statistically unchanged.. Also note that…
The other shoe to drop? The next big move? Up or down? Gold’s reign as the “next big thing” ended seven years ago. Too many people don’t want to admit that, but its true. Those who are ‘bullish’ on gold cannot let go. Their behavior is typical of those who have missed the boat. And…
Video Length: 00:42:21 Former Fed insider Danielle DiMartino Booth is not optimistic about a surging economy in 2018. Booth says that along with a “bond market debacle,” the world will see inflation right along with it. Booth explains, “Look at lumber prices, look at the cost of packaging, plastics, raw materials, the producer price index…
At long, long last, it seems that Finish Line (FINL) is perhaps finally done with its annoying bounce higher. This madness must end. Of course, I’ve jumped the gun a few times on this one before………
The Register reported yesterday that Intel (INTC) chips from up to the past 10 years have a critical security flaw that AMD (AMD) chips do not have, Deutsche Bank analyst Ross Seymore tells investors in a research note. The analyst says that while he has no incremental insights on the accuracy of the story, he’d…
Now that 2017 has come and gone, what new developments can we expect in 2018? My crystal ball doesn’t always get it right. But I like dusting it off at the beginning of the year and having a little fun with it. There’s no dearth of issues on people’s minds… Is a crash imminent? What will the new hot…
Yet another Muslim religious authority has inveighed against bitcoin and other cryptocurrencies. Late Tuesday, Egypt’s Grand Mufti Sheikh Shawki Allam declared that digital currencies are “forbidden” by Islam and endorsed a ban on trading in Bitcoin. The Mufti said the digital crypto-currency carried risks of “fraudulence, lack of knowledge, and cheating,” according to the BBC. Risks could arise because…
Some dovish members see a change in long-term inflation expectations. There has been no progress on understanding the low level of inflation that Yellen called “mysterious” in the past. The majority are still confident that inflation will reach 2% in the medium term. The hawkish group is more concerned a more severe undershoot in the…
The Wall Street logged the strongest year since 2013 with the S&P 500 gaining 19.4% and the Dow Jones capping 25.1% gains last year, with the highest-ever number of record closes. Blockbuster corporate earnings and the resurgent global economic growth were the major catalysts in driving the stocks throughout the year. Growth in the U.S….
After President Trump unveiled his tax plans, many had predicted that the US dollar would strengthen thanks to the inflationary impact of reducing taxes by $1.5T. According to academic theory, an economy with limited slack and high growth is at the risk of overheating if fiscal stimulus is excessive. This is especially true as crude…
