Markets

Aug 21, 2004 at 00:00

A performance this poor does not happen by accident. In fact, silly buggers like me would swear up and down on a stack of bibles that there must be some…

Aug 20, 2004 at 00:00

Amazingly, this sharp slowdown in consumer spending, though lasting for half a year, has been met with flat denial all around. During the five months to May, it was up…

Aug 20, 2004 at 00:00

Excessive creation of Credit, Money, Wealth and Debt through abysmal Governmental Monetary and Fiscal Policy is nothing more than a fraud. We are playing a deadly game of Roulette with…

Aug 20, 2004 at 00:00

The deteriorating trend in net US inflows suggests a growing reluctance by foreign private investors and central banks to shoulder this burden. Until now, Asian central banks were " the…

Aug 19, 2004 at 00:00

A great deal of market reaction at present is due to emotions affecting market players and dealer positioning on limited volumes. Media reports elevate reactions and news above their proper…

Aug 19, 2004 at 00:00

We have discussed how higher steel prices and other raw materials are starting to cause manufactures to increase prices on their goods. There is also ample evidence that inflation is…

Aug 20, 2004 at 00:00

Oil prices are of course a function of supply and demand. In demand terms there has been little let up. The US remains the world's most prolific consumer of oil…

Aug 20, 2004 at 00:00

The price of hamburgers, oil, gold, or anything is only relevant over long spans of time in inflation-adjusted constant-purchasing-power terms. Around $45 in today's dollars, oil is only half as…

Aug 18, 2004 at 00:00

The real test for the broad market, however, will come in September when the dominant interim cycle heads into its final "hard down" descending phase along with the 10-year cycle…

Aug 16, 2004 at 00:00

So often market prices begin to reflect economic reality before major sellers step forth. Such is the reason that most investors find themselves selling after the market has topped. Many…