Tag: Economy of the United States

Janet Yellen Testimony Economy Strong Enough For Rate Hikes


The US economy is healthy enough to absorb gradual rate increases and the reduction of the Federal Reserve’s balance sheet, Fed Chair Janet Yellen testimony before Congress on July 12, 2017. Federal Reserve Chair Janet Yellen told Congress on Wednesday that the bank hopes to keep raising a key interest rate and also intends to Read More »

Low Gas Prices Are Not Good For Consumers or the US Economy


Low gas prices are not good for consumers or the US economy. Remember back in late 2015 and early 2016 when oil prices fell which pushed down the price of gas? We had headlines in the MSM that lower oil prices were a big boost to consumers and so consumer spending was going to rise. Read More »

Economic Growth Up On GDP Revision From Consumer Spending


GDP for Q1 was revised upward to 1.4% on an increase in consumer spending. The US economy enters its ninth year of economic growth in July. The first GDP estimate for Q1 was originally reported at 0.7%. So Q1 GDP grew at twice the rate as originally thought. That’s great. Obviously 1.4% growth is not Read More »

United States Economy Teetering On Collapse


The United States economy is teetering, despite what the stock and job markets are saying. The US economy is consumption-centric. Growth in the current recovery has focused on three sectors that have fed through to consumption in its various forms: autos, energy, and financial services. The scariest set of financial indicators to emerge in decades Read More »

Trader Alert – So Goes Oil Prices… So Goes the US Economy


Lance Jepsen of GuerillaStockTrading has issued a trader alert regarding oil prices. So goes oil, so goes the US economy. Traders and investors are looking for a continuation of strong earnings to justify high stock valuations, now trading near their highest levels since 2004. Most of the expectation for a recovery in earnings is predicated Read More »

Central Bank Balance Sheet Reduction Could Crash the Market


The central bank balance sheet reduction could crash the market according to David Quintieri (link above). The Fed is engaging in its most dangerous policy move in the last 10 years with its simultaneous moves to raise rates and to unwind its $4.5 trillion balance sheet. One of the things I don’t understand about this Read More »

How Not Following the Consumer Price Index Makes You a Rookie


Something important happened on the Consumer Price Index today and if you’re not following it, you’re a rookie. Don’t be a rookie. Listen to what the CPI is saying. Consumer Price Index Is Saying Fed Should Not Raise Rates A common theme that you will continue to hear me drive home is that the economy Read More »

Bear Market Coming If Trump Agenda Does Not Move Forward


A bear market is coming if President Trump’s agenda does not move forward quickly. I have been saying for months now that the Federal Reserve is hiking rates not because we are in a strong economy that needs cooling off but instead to save pension fund holders and others who depend on the income generated Read More »

SEC ponders China buying Chicago Stock Exchange

China Buying Chicago Stock Exchange Deal Delayed


China’s deal to buy the Chicago Exchange has been delayed by the SEC. Hallelujah, the SEC does have some commonsense after all. Reuters reports (link above) that a long-term objective of China is to list Chinese companies in the United States through CHX, which has locations in Chicago and New Jersey. China Buying Chicago Stock Read More »

Making Use of Labor Market Information, Don’t Worry About Weaker May


Making use of labor market information is always a challenge for traders and this month’s May jobs report is no exception. Colin Twiggs says traders shouldn’t read too much into the weaker 138,000 print for May 2017 (link above). Making Use of Labor Market Information Colin Twiggs is an expert at making use of labor Read More »

Watch EUR USD On Monday ISM Non-Manufacturing PMI


The EUR USD trade is in play on Monday’s ISM non-Manufacturing PMI report being released on Monday, June 5, 2017. The non-manufacturing sector accounts for a much bigger part of the US GDP than the ISM Manufacturing PMI and is viewed as key indicator for the US economy. If the non-manufacturing report on Monday shows Read More »

Climate change and President Trump’s announcement…


President Trump will announce the position of the U.S. on climate change today. This is huge folks. The globalists have used the fear of environmental pollution to take billions of US tax payers money. Will President Trump break his campaign promise to get out of the Paris agreement, or will he move to the left Read More »