THE BIG PICTURE Today’s Big Picture view revolves around the probable coming re-regulation of the financial markets. History shows regulation of markets is similar to a grandfather’s clock pendulum swinging back and forth although not as regular. A brief look back to the start of the 20 th...
Wednesda y, June 18 th , 2008 : Woke up singing this morning … “Doo-da, Doo-da”… and I don’t sing! Watched the coronation of the Boston Celtics as NBA champs last night … “Goin’ to run all night, Goin’ to run all day” … and loved this...
UPDATE ON THE STOCK MARKET . Written Wednesday, June 11th, 2008: 6:30 a.m. Today’s stock market has no real leadership. The Dow’s up, the Dow’s down, all day long. Yesterday it was more of the same. No real trend except for in ENERGY and GOLD , both selling off big time, sort of reversing...
THE BIG PICTURE Ok, here’s a Big Picture of where America and we Americans stand today. A fairly downbeat Big Picture so buckle your seatbelts. America has been on the verge of a major comeuppance for many, many years. But its been postponed and postponed. Because the US dollar is the world’s...
GLOBAL VIEW . Yep, when I started reading the Bloomberg newswire this morning, I found: (1) that European “retail sales declined -2.9% in April, more than three times as much as economists forecast,” (2) that March’s retail spending was revised downward from -1.6% to -2.3%, (3) that...
THE BIG PICTURE I started reading another doom & gloom book yesterday. It’s Robert Prechter, Jr.’s 2002 CONQUER THE CRASH . I know, I know. Too much focus on the glass half full. Still I don’t want anything to sneak up on me, on us. Immediately upon starting Bob’s book, I was impressed. I mean I...
SCAPEGOAT BLAMING . Boy, am I’m getting tired of the carping! Day after day, article after article. All these writers seem to think there’s something to gain in blaming former Federal Reserve Chairman Alan Greenspan for the US housing bubble, the credit crisis, and in fact, all our problems. Listen,...