The US national debt just broke above $19.5 trillion. Both Democrats and Republicans are to blame, but it is important to note that President Obama and Democrats increased the national debt more than all President’s before combined.
George Bush exploded the national debt by $3 trillion in response to an imploding economy and 911. (Read More….)
Mexico is devaluing its currency to gain a huge advantage in international trade. Democrats and the Obama Administration have done nothing to stop it.
Like most economists, I am for free trade; however, free trade today is not what it was in the 90s. The concept of international trade works because of comparative advantage. (Read More….)
I’m so glad I got out of my short position or actually volatility position a day ago when I spotted the Get Shorty trade. What a brutal beheading of Bears. Talk about a Bear fakeout. When I saw institutional traders playing Get Shorty, I knew something was stinky about the idea that everything was so (Read More….)
The Twiggs Money Flow on the S&P 500 has absolutely plunged. How is this market staying up?
Never underestimate the utter wickedness of institutional traders. The ‘Get Shorty’ trade is on. The way the trade works is that institutional traders stir up the bearish sentiment in the market by going out in the mainstream media and talking up doom and gloom.
In after-hours trading, they buy S&P futures causing the market to (Read More….)
The Bears strengthened their dominant position over Bulls today as evidenced by the falling money flow on the S&P 500.
No institutional buying was detected today on the TICK. Why isn’t the smart money buying and loading the boat on this market pullback?
The S&P 500 High Low index continues to plunge.
Foreign countries are dumping US debt at an alarming pace. Foreigners dumped $54.2 billion in US Treasury bonds in just the last four weeks.
Since the start of 2016, foreign countries have sold more than $177.7 billion in US Treasury bonds, bringing the total to $2.827 trillion, the lowest amount of Treasuries held by (Read More….)
There is $1.103 trillion in outstanding auto loan debt in the US which is the highest level ever recorded.
We know that the economy has been slowing for a few years now so how could so many people still be taking out auto loans? If we overlay auto sales and auto loan debt, we (Read More….)