Hey friends. Happy Friday to each of you!
Most of you have probably seen or heard that the inflation data today was not good; and, indeed, it was worse than projected. Americans are really feeling it in their pocketbooks too, especially at the gas pump. The news was not received well by a stock market already feeling less and less sure about how persistent inflation might be. Also, what will it take for the Fed to get a handle on inflation? […]
Hey friends. I don’t know about you but my thinking is that we are becoming more and more a paper-driven stock market. The money printing press has been running hard for years as the U.S. debt goes ever higher. […]
Hey Friends,
The year 2019 is underway. We have seen major turbulence in the stock market for several months now. After a steep move downhill ended abruptly the day after Christmas, we’ve seen a steep move up since that time. Go here to read one author’s viewpoint on the market activity.
A great jobs report came out last Friday followed immediately by more dovish remarks from the Fed with regard to what’s next for interest rates. The Fed’s task is becoming more and more tenuous because the national debt is growing at an unsustainable rate while we’ve been in an extended period of economic growth. The Fed Chairman, Jerome Powell, is concerned about what’s going on with our national debt (Go here). […]
Last week I posted about a couple of recent articles that discussed both Federal Reserve Chairwoman Janet Yellen’s and former Treasury Secretary Larry Summer’s support for potential future government purchases of stocks. The very notion of the government entering the stock market as a regular participant challenges my notion of a free market. This week, I’ll write a little about a Reuter’s article from October 14 expressing Yellen’s floating of the idea of running a high pressure economy. […]
Reported yesterday, the GDP of 1.2 percent annualized growth for the quarter April through June was far below the 2.5 percent predicted by economists. In this post, I’m going to share a couple of articles (links) from yesterday written in response to the lowly GDP number, articles that don’t paint a rosy picture of what may lie ahead. While I try to follow the economic data and achieve a balanced perspective, as a stock investor in this current environment I remain very risk averse and watchful-eyed, especially with the stock market indices setting records after almost 7 years of market strength following the March 2009 lows in major indices. […]
