We Don’t Have A Debt Problem, It’s ‘Something’ Else
Too much debt. Deleveraging. The debate over the “right” size of the credit market isn’t going to be solved. Like it or not, the US and world economy has been propelled by debt for a century. The domestic credit market’s highest growth rates are found not during the housing bubble of the 2000’s but during […]

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Stocks Surge To New Record Highs As Investors Dump Dollar & Bonds
China stocks went nowhere overnight… seems like the panic buyers from Tuesday have left (cough National Team cough)   The Dow finally broke above its January record highs and there were record highs all around for stocks as trade wars are now a buying opportunity (so the narrative goes – if stocks drop, then Trump will pull […]

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Stocks And Precious Metals Charts – This Low, Dishonest Age – The Unholy Monopolies Of Corporatism
“Although journalism was always a loose extension of establishment power, something has changed in recent years.Dissent tolerated when I joined a national newspaper in Britain in the 1960s has regressed to a metaphoric underground as liberal capitalism moves towards a form of corporate dictatorship. This is a seismic shift, with journalists policing the new groupthink, dispensing […]

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Micron Jumps On Earnings, Revenue Beat
CNBC’s Jon Fortt reports that Micron’s earning per share beat expectations.  

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Market Talk – Thursday, Sept. 20
A somewhat unconvincing day for Asia with no market really standing out from the crowd. Even with Trade Talks hitting all of the papers, the markets look to be dismissing much of the hype. Yesterday was a good example of an optimistic bounce, but the trend remains firmly lower as capital leaves the recent speculation […]

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We Don’t Have A Debt Problem, It’s ‘Something’ Else

We Don’t Have A Debt Problem, It’s ‘Something’ Else

Too much debt. Deleveraging. The debate over the “right” size of the credit market isn’t going to be solved. Like it or not, the US and world economy has been propelled by debt for a century. The domestic credit market’s highest growth rates are found not during the housing bubble of the 2000’s but during […]
Stocks Surge To New Record Highs As Investors Dump Dollar & Bonds

Stocks Surge To New Record Highs As Investors Dump Dollar & Bonds

China stocks went nowhere overnight… seems like the panic buyers from Tuesday have left (cough National Team cough)   The Dow finally broke above its January record highs and there were record highs all around for stocks as trade wars are now a buying opportunity (so the narrative goes – if stocks drop, then Trump will pull […]
Stocks And Precious Metals Charts – This Low, Dishonest Age – The Unholy Monopolies Of Corporatism

Stocks And Precious Metals Charts – This Low, Dishonest Age – The Unholy Monopolies Of Corporatism

“Although journalism was always a loose extension of establishment power, something has changed in recent years.Dissent tolerated when I joined a national newspaper in Britain in the 1960s has regressed to a metaphoric underground as liberal capitalism moves towards a form of corporate dictatorship. This is a seismic shift, with journalists policing the new groupthink, dispensing […]
Micron Jumps On Earnings, Revenue Beat

Micron Jumps On Earnings, Revenue Beat

CNBC’s Jon Fortt reports that Micron’s earning per share beat expectations.  
Market Talk – Thursday, Sept. 20

Market Talk – Thursday, Sept. 20

A somewhat unconvincing day for Asia with no market really standing out from the crowd. Even with Trade Talks hitting all of the papers, the markets look to be dismissing much of the hype. Yesterday was a good example of an optimistic bounce, but the trend remains firmly lower as capital leaves the recent speculation […]
Trump, Treasurys, And You

Trump, Treasurys, And You

The thing about politics is nobody knows anything. We learned that in November 2016. There’s a particularly high degree of “know-nothingness” in Washington these days. That creates a lot of uncertainty. Markets are reacting to it… and that’s really good news for us, actually, because it makes our work that much easier. I don’t much care […]
Three Little Words

Three Little Words

Lifetime. Highs. Everywhere. For the most bearish month of the year, September is doing one lousy job. I guess all the chatter you’ve seen here on Slope about 3000 on the S&P (not from me…) might just materialize sooner than imagined. But just look at these…….. Seem awfully similar, don’t they? Which probably explains why we should at […]
Hourly Earnings Growth Is Positive Again

Hourly Earnings Growth Is Positive Again

Hourly Earnings Growth – Real Wage Growth Is Positive Again Inflation missed estimates as CPI fell from 2.9% year over year to 2.7%. Hourly earnings growth was 2.9% which was a cycle high. Therefore, it’s not surprising real wage growth switched from negative to positive in August. As you can see from the chart below, […]
Dow Does All The Leg Work; Indices Recover Breakdowns

Dow Does All The Leg Work; Indices Recover Breakdowns

Solid gains across the board but it was holders of Dow Jones stocks which had the best of the action, continuing a sequence of gains triggered earlier this week. The Dow Jones Industrial Average will soon be dealing with channel resistance but not until Friday if not early next week. Technicals are good. The benefit […]