Stocks and bonds went sideways – I guess everyone is exhausted from the past few days of frantic activities. However, once these players catch their breath, anything can happen. Oil pulled back to about $90 a barrel – and that’s good news. If it could stay at that level, gasoline would start coming down in [...]
The market went sideways today. Only Oil made any move at all, and it was a decrease in price, thank goodness. There wasn’t much interesting going on in the economic news, so the market didn’t have much to chew on. Stagflation Anyone? So, I will divert your attention to a way to turn a Stagflation [...]
We saw the crazy market gyrations in action again today. The Dow was down 192 points, and this kept stock market trend continuing its sideways movement overall. The very sad news that Benazir Bhutto was assassinated in Pakistan has some overriding implications that I want you to be aware of. Pakistan is our friend in [...]
Issue: 12/14/07 Friday I bet you haven’t seen the word Stagflation yet in the news today. However, that is exactly what the Fed is worried is happening. It is a combination of a stagnating economy (think going into recession) and inflation – at the same time. It’s happened before, and it is ugly. It takes [...]
Issue: 11/16/07 Friday Nothing special happened today in all the markets – so I will take this opportunity to talk about something much more important – Inflation in China. Here is a case study of what happens to a country that has a managed, controlled economy. The solutions are very logical, and applicable to any [...]
Issue: 10/19/07 Friday By Global Economy Guru, Tom Harvey… I hope you didn’t blink today because the stock market was the story today. It went down 367 points. Why did it do that?? Well, it’s because the majority of players in the stock market finally learned the “R” word. They got scared because oil went [...]
Issue: 10/12/07 Friday The stock market did it’s normal thing today and was up 78 points. The bond market continues to creep up steadily, and this is the big mover over the past week. Today the 10 year bond ended at 4.69%. This is increasing the steepness of the interest rate spread. The steeper it [...]
Today was an UP day in the stock market; up 100 points. The DJ30 is approaching 14,000 as the bulls are beating the heck out of the bears. Oil turned around and came back up above $80/barrel, so that ends the slide in oil prices. The rest of the market took a rest. Demand for [...]
Issue: 9/13/07 Wednesday I took off a couple of days while nothing much was happening in the market. Yesterday, the stock market went up a bunch, and came back down 17 points today. The big news today was that the US Dollar sank to a new low against the Euro overnight when it traded briefly [...]
After yesterday’s amazing stock market and money market action, today was important in the way the Central Bankers continued to pour money in. The European Central Bank (ECB) after injecting $130B yesterday, added another $84B today. The US FED after adding $24B yesterday, added another $38B today. And Fed Chairman Bernanke said that he would [...]
