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Some Really Dismal Numbers Unemployment Went Down? Earnings Take a Hit Money Supply Concerns A Central Banker's Nightmare Why Don't You Reform Yourselves? There's a reason economics is called the dismal science, and weeks like this just give it further meaning. In economics, there is what...
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The Case for a Fed Rate Hike Employment Is Turning the Corner The Headwinds of Money Supply Who Stole the Inflation? The Fed Is On Hold An Inverted Yield Curve? LA, Vancouver, San Francisco, and a First Often Wrong, Seldom in Doubt Everywhere there are arguments that we are in a "V"-shaped...
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Elements of Deflation, Part 2 The Velocity Factor Y=MV Sir, I Have Not Yet Begun to Print There Are No Good Choices Washington DC, San Diego, and New Orleans, etc. Just as water is formed by the basic elements hydrogen and oxygen, deflation has its own fundamental components. Last week we started exploring...
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There are those who sweat over every decision, worrying about how it will affect their lives and investments. Then there is the school of thought that we should focus on the big decisions. I am of the latter school. 85% of investment returns are a result of asset class allocations and only 15% come from...
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Economics This Week’s Data Other In the current economic debate, much has been made of the vastly expanded rate of money supply growth and its potential consequences (inflationary). Here is an entirely different perspective and a must read. If you...
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The Velocity Factor Richard Russell Tribute "A severe global recession will lead to deflationary pressures. Falling demand will lead to lower inflation as companies cut prices to reduce excess inventory. Slack in labour markets from rising unemployment will control labor costs and wage growth. Further...
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The Morning Call 10/27/08 Economics This Week’s Data Other A look at hedge funds: http://www.economist.com/finance/displayStory.cfm?source=hptextfeature&story_id=12465372 A not very positive view on consumer spending: http://calculatedrisk.blogspot.com/2008/10/fed-researchers-on-predicting...
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.........But First, A Word From Our Sponsor.......... A panel of currency experts is coming to St. Louis University. Plan to attend the upcoming panel discussion “Dollar Prospects: Do Fundamentals Really Matter” on October 23 from 4:00 p.m. to 5:30 p.m. in St. Louis University’s Busch Student Center...
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THE BIG PICTURE Last Monday I presented the bull’s three pronged case , that: (1) the credit crisis is past it’s worst stages, (2) that we can skirt a recession or just experience a mild one and (3) that we have good value in stocks today. I offered the bull’s view up for balance, to...
Posted to
Principles of the Stock Market
by
Richard Schwartz
on
05-28-2008
Filed under:
Filed under: Principles of the Stock Market, Richard Schwartz, Stagflation, Inflation, Jobs Report, US Economy, Economic Data, Weekly Letter, Macroeconomics, Economy Weekly, Perspective, Federal Reserve, Government Intervention, Deflation, Recession, Globalization, Bretton Woods, Economic Common Sense, Money Supply, Manufacturing, Consumer Spending, Recessions, Service Economy, Industrial Economy, Spin
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The Velocity Of Money Is the Money Supply Growing or Not? P=MV A Slow Down in Velocity If You Are in a Hole, Stop Digging And More Write-offs to Come South Africa, La Jolla, Toronto and Maine The late and great Milton Friedman told us that inflation is always and everywhere a monetary phenomenon. But...
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This week in a Special Outside the Box good friend George Friedman of Stratfor, in an unconventional piece, addresses the conundrum that equates low interest rates with market illiquidity, postulating on what may be the underlying cause of such an event. George seems to specialize in Outside the Box...
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Introduction This week we look at the growing disconnect between the US economy and the stock markets. One is slowing and the other is exploding to the upside. One of my mentors once said that it is the duty of the markets to prove the most-possible people wrong. So far, I am clearly in the wrong category...