California Budget Miscalculation: The $60 Billion Budget Gap. Cargo Levels near Decade Lows. Why the Financial Recovery will come last to California.
The largest singular economy in the United States is still facing a fiscal mess. California is still trying to grapple with the budget deal that is now in place. The challenging part seemed getting a budget passed but the more challenging aspect of the budget process is enacting the $26 billion in fixes. Over the […]
The Economic Recovery Decoy: Bank Refuge and Auto and Home Sales Plummet. Two Largest Purchases for Americans still Treading Water. Number of Renters Increases by 748,000 in one Quarter.
When I hear about the banks and Wall Street returning TARP money to the government I can’t help to think of a successful Trojan Horse hitting our economy from within. The initial rush to back an unprecedented bailout for the sake of the economy actually turned out to be a strategic looting of the American […]
Tracking the Great Recession: Global Industrial Output and World Stock Markets Following the Great Depression.
How the investing world quickly forgets. If we go back into the distant future of March 2009, you would remember that on a panic filled day, the S&P 500 flirted with the 666 low. Since that day, the S&P 500 has rallied an astonishing 41 percent in only a 3-month period. Yet as astonishing as […]
S&P 500 up 34 Percent in Less Than 2 Months: S&P 500 went down 38 Percent for all of 2008. So why are we Still Down 42 Percent from the 2007 Peak?
We are witnessing one of the strongest bear market rallies in history. This kind of market volatility only rears its head during extreme environments. One quick fact many market watchers will realize is that if you lose 50 percent of your portfolio, you will need to have a 100 percent gain to break even. How […]