America's Economic Future – A Discussion By Ted Kavadas
With Gold now below $1000, I would like to call attention to a post of September 4 titled “Gold and Implications.” Here is the link: https://www.economicgreenfield.com/2009/09/04/gold-and-implications/ I think that Gold below $1000, after having failed to hold above this level, is very significant. Also significant is the number of people who have been predicting a …
Just a couple of quick notes: First, as many already know, I occasionally write blog post “series” that span over a few blog posts. Usually these blog series concern topics that I feel very strongly about, and/or are sufficiently complex to require more than one post. I have created a “blog post” page that indicates …
Here is a September 17 story detailing a Bloomberg News poll: http://www.bloomberg.com/apps/news?pid=20601087&sid=aDhCOltOR1RY I found various aspects of this story to be interesting, but one facet really stood out: “Respondents were divided over whether the economy will get better or stay the same in the next six months; only 1 in 6 said things will get …
Lately there have been a couple of polls conducted showing the percent of people living “paycheck to paycheck.” Here is a CNBC.com story from September 16 regarding this issue: http://www.cnbc.com/id/32862851 This “paycheck to paycheck” dynamic is noteworthy, especially since it appears to be widespread. It appears to be relatively common even among those making above $100,000. It would …
Below is a link to a September 17 Wall Street Journal op-ed titled “The Stimulus Didn’t Work” : http://online.wsj.com/article/SB10001424052970204731804574385233867030644.html I found the argument presented by the authors to be very interesting and well worth reading. SPX at 1071.78 as this post is written
Recently there has been a thought circulating that the worse the recession (or economic weakness) the stronger the following economic rebound. This refrain has been heard from various quarters. This belief does appear to be historically accurate, at least to some degree. However, there are three aspects of this belief that I want to elaborate …
On Wednesday The Wall Street Journal ran a story titled “Anti-Fed Activists Fuel Push for Audit”: http://online.wsj.com/article/SB125305951231914071.html One quote from Ron Paul really caught my attention: “The Fed will self-destruct,” Mr. Paul said in an interview. “This economy is going to get worse and this dollar is going to get a lot worse.” I found “The …
Please note – some might find this post disturbing In this post I will summarize my thoughts on the markets, particularly the stock market. As has been the case since the Economic Crisis began, any stock market weakness will most likely be mirrored in a variety of other markets as well, such as commodities, credit, etc. …
For this last post of this blog series, I will comment on the VIX. As seen below, if one looks casually at the VIX daily chart, there doesn’t seem to be much to be concerned about: Chart Courtesy of StockCharts.com However, I would like to make a couple of observations. First, as one can …
The price action in the S&P500 since the March low at ~666 has struck me as being very “impulsive.” This is certainly a cause for concern. Also, there certainly has not been any significant “wall of worry” that one would expect given the fundamentals. The charts seen in this post are from Maurice Walker, http://thechartpatterntrader.com. First, a …