In this morning’s brief commentary, with regard to geopolitical concerns, I make reference only to Russia. Not to discount the turmoil in other parts of the world, but in global economic terms, it’s the threat of heightened sanctions (in both directions) that would cause angst among traders.  However, as you’ll hear, this morning’s decline in […]

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The economy is clearly picking up, with inflation virtually nowhere in sight. Seventy percent of companies having reported second quarter earnings have beaten the estimates. Revenue growth is there as well. And to top it all off, the S&P set an all-time high today amid no small degree of geopolitical turmoil. So, with a Goldilocks economy and […]

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This one (of the indicators I track) is easy. What’s the biggest purchase most people make in their lifetime? What item in their possession demands the most by way of accessories, maintenance and, well, you get it—home sweet home. The housing market is hugely important as an economic indicator. Consumer spending makes up some two-thirds […]

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I just read a fine article in the New York Times written by professor Tyler Cowen of George Mason University (HT Don Boudreaux). The gist was that while inequality is major in today’s political discourse, in reality it’s declining when viewed through a global lens. Of the reader comments I skimmed, not a single contributor […]

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Do the implications of any of the following statements make good sense to you? 1. Bears keep calling for a 10% correction in stocks, and they’ve been wrong time and time again. 2. Bulls keep talking about how cap-ex (businesses investing in capacity) is about to take off, and it just doesn’t seem to come. […]

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