A tsunami retail store closings is headed our way courtesy of the weak US economy and pathetic 2% GDP growth. I thought Democrats did such a good job with the economy… NOT!
The CEO of EBAY just got done saying on CNBC, “I’m not sure all retailers will make it to the next holiday season.”
Hillary Clinton and Democrats promised to wage war on pharmaceutical companies and do things like price controls on drugs and products of the biotechnology industry.
In California, there was a ballot measure to impose price controls on the sale of pharmaceutical drugs in the state.
Both Hillary Clinton’s probability of winning, and California’s (Read More….)
For the week, the DJIA gained 0.1%, the S&P 500 rose 0.8%, and the Nasdaq climbed 1.6%.
Economic data and Federal Reserve commentary virtually sealed the deal that a rate hike is coming at next month’s monetary policy meeting.
Trump needs to fire Yellen IMO. Trump has pledged a $1 trillion infrastructure spending program to (Read More….)
China has threatened to cut off the sales of US goods in China if Trump follows through with his campaign promise to declare China a currency manipulator on day one of his presidency and to place 45% tariffs on goods imported from China.
The Chinese government responded to Trump’s win with an editorial in a (Read More….)
Mainstream media groups (yes that includes Fox New) are putting a positive spin on economic reports on the US economy. This positive spin provides support for Hillary Clinton, and Democrats claim that they’ve managed the economy so well. As traders, you have to be aware that this is going on so that you minimize losses (Read More….)
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….)
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….)
Donald Trump has correctly criticized the Federal Reserve for keeping interest rates low for Democrats. Yellen’s allegiance to Democrats is something I’ve been talking about for more than a year now.
Janet Yellen herself is a Democrat who was appointed by Obama. Remember how Yellen was questioned about why she was meeting with Democrats more (Read More….)
Falling profit margins typically precede a recession. Last week, the Bureau of Economic Analysis released the latest profit margin numbers that clearly point to an oncoming recession.
Notice how the last two recessions (shaded areas) came within six months of a -20% change from a year ago (red line). The only thing that is (Read More….)
The internet is buzzing about the latest Retail Sales report that shows a gradual slowdown in consumer spending. The buzz centers around the question of how can the S&P 500 be hitting all-time highs when retail sales continue to trend downward?
Some are speculating that the Democrat and Republican Establishments are working together to (Read More….)
The latest campaign donations show that while more bankers are backing Hillary Clinton, smaller traders are supporting Trump.
The Trump campaign has raised $65.3 million of which 73% came from individuals.
The Clinton campaign has raised $313.9 million of which only 22% came from individuals.
[graphiq id=”csighUXFFwp” title=”2016 Presidential Candidate Small Donors” width=”460″ height=”600″ url=”https://w.graphiq.com/w/csighUXFFwp” (Read More….)
A gay nightclub in Orlando was the scene of the worst terror attack in U.S. history since 9/11. A shocking 50 people were killed inside the Pulse club. Was it Muslim based terrorism or gay hate as a result of the redefining of marriage by the Obama Administration and Democrats?
It was probably (Read More….)
George Soros has come out of retirement to personally oversee big bearish bets against the market including bearish derivatives and huge positions in gold and gold mining stocks.
The spooky thing is that the last time Soros did this was in 2007, right before the last recession.
George Soros is a big supporter (Read More….)