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This is a very interesting video commentary about the 1929 Crash.  What you will find interesting is that the attitudes just prior to the crash are the same as they were in 2008 which can be summed up as “This Time Is Different.” This is episode 5 from the series Cosmopolis and inclu...

The bad news is that commodities, and related commodity stocks from energy to miners, continue to be hammered due to the retraction of the liquidity pump by the Fed.  The decline in liquidity, the resurging crisis in Europe and general concerns about the U.S. economy is leading to commodities being...

Retail sales slowed sharply in April rising only 0.1 percent, following a 0.7 percent increase in March (originally up 0.8 percent).  No real surprise here but it is interesting to see retailers beginning to show signs of strain in recent earnings’ reports. The concern continues to be the pr...

When the first estimate of Q1 GDP was released we wrote: “Given the impact from higher oil and gas prices on the economy, which is a real and pervasive tax on the consumer as discussed recently, it is highly likely that we will see downward revisions to Q1 GDP in the next two months.”...

Sex and Money are probably two of the most powerful words in the English language.  First, those two words got you to look at this article.  They also sell products, books and services from“How To Have Better Sex” to “How To Make More Money” — ostensibly so you can ...

The battle lines have been drawn as the next evolution of the crisis in the Eurozone will likely be determined in the next 12-18 months as austerity runs up against the socialist agenda. The problems are real and the solutions are evident. In order for the Eurozone to survive the shift from a fragme...

In last weekend’s newsletter we wrote,“The good news is that the market is currently hovering just above support at 1360 with further support at 1350 just below it. This has been the case for the bulk of the current correction and consolidation process.  The bad news is that the market ...

Last week was spent in Carlsbad, California at the 9th Annual Strategic Investment Conference.  Because of my absence I did not have a chance to follow up with many of the very important economic reports that hit the wires.  Over the last several months we have been cautioning against the bullish ...

The latest reports from the Bureau of Economic Analysis on economic growth and personal income and spending have, on the surface, appeared to improve.  Spending, as a percentage of the economy has just hit the highest level on record while economic growth is clipping along at a 2.2% annual growth r...

The Social Security Administration made an alarming announcement recently that they will exhaust their funding capability by 2033 which was several years earlier than originally projected.   According to a recent article from Reuters:  “Unless Washington politicians, who have been at war...

We wrote in this past weekend’s newsletter that there were two very important issues occurring as of the end of last week.  We stated: “First – we now have a SELL signal on a daily basis. This is disappointing but suggests that markets could decline more in the coming weeks ah...

The media has been busy today flashing up charts showing the percentage of companies that have beat earnings estimates so far this quarter.  While still very early in the earnings season currently – roughly 81% have managed to best expectations.  This sounds pretty incredible until you reali...