Author: admin

Dear Reader

It has been a challenge and a pleasure writing in this forum over the past 20 months. Perhaps it has been helpful to you, perhaps it has been entertaining. Some of you report that you have learned things here that you did not find anywhere else.

However, as many of you know, good health is not a certainty and recently the news in my case has become quite challenging. This blog takes considerable time and effort to research and compose. My decision is therefore to stop writing and spend my energy and attention on my own needs and those of my family.  Hopefully, you can understand this decision.

The nearly 200 posts will remain accessible. Many of them remain relevant to the extraordinary times we live in. Thank you for your readership. May you have great success in your investing.

Wayne

 

Our deal-making President just gave away the store to the Democrats to have the debt ceiling lifted for three months. The debt ceiling came back into effect on March 15th at $20 trillion and the Federal Government has been spending-impaired ever since.

Continue reading “Debt Ceiling Comes Off for Three Months”

No, not the human race…the European credit market. What happens when the first, last and largest bidder for EU sovereign and corporate bonds starts to leave the market? We are going to find out within the next six months or less.

Continue reading “Drifting Towards Extinction”

Last week, Mike Shedlock of MishTalk.com reported that a Chinese T-shirt company is setting up shop in Arkansas, lured by U.S. “sewbots” and lower production costs. It will cost about 33 cents to produce a shirt. You can see the original story here:  China Snaps Up America’s Cheap Robot Labor.

Continue reading “Shirts for 33 cents…Made in America”

I am having so much fun watching this stock/bond market top out it’s sinful. As I wrote last week, there was a slight whiff of fear in the air on August 18th but now everyone has fallen back into a complacent stupor. But the dangers are no less.

Continue reading “Fear Retreats…For the Moment”

There was a slight whiff of fear in the air over the major exchanges today as all three major indices closed on their lows with the Dow down 1.24%, the S&P500 down 1.54% and Nasdaq leading the way lower at 1.94%. Volatility has returned after a long absence.

Continue reading “The Herd Is Getting Restless”

I have already warned you about autos, retail and commercial real estate…key sectors of the economy that look very recessionary. Next up is restaurants; this sector hasn’t reported a month of positive growth since February, 2016. If you are a regular watcher of CNBC you probably don’t know this.

Continue reading “Restaurant Sector Looking Sick”

The major stock indices were decidedly weaker today and the usual attempts to “buy the dip” for once fell flat. About an hour into the day the S&P had lost about 0.75%, the Dow was down 0.5% while the Nasdaq led the charge lower with a loss of 1.25%. But unlike so many other days, the indices fell further and closed on their lows with the S&P losing 1.45%, Dow down 0.91% and the Nasdaq down 2.13%.

Continue reading “Looking a Little Toppy?”

I tuned in to CNBC this morning (big mistake) and learned that the stock market is up because of strong earnings and it’s going higher because of even stronger earnings to come. I should not do this to myself at my age. The sheer audacity of this lie almost gave me a heart attack.

Continue reading “Equities Up Because of Earnings? NO!”

European Central Bank (ECB) President Mario Draghi told us last week that EU growth is picking up. Really? It’s not showing up in bank lending and bank assets as you would expect.

Continue reading “Where’s That EU Growth Mr. Draghi?”