Key data showing the continued struggles of the global economy
Chris Temple shares his insights on the recent very weak import/export numbers out of Japan. This continues to show how slow the global economy is. Even with central banks trying to goose the system through easy money policies it is not spurring growth. We also relate the slowdown to how investors should be positioned.
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Better off buying USO with almost certain gains.
Jason I got a little scalp earlier in the week with UVXY, but then I gold scalped on a bad trade, so I’m in at a wash. I am watching for a place to lock in for 3-5 day run in the VIX with it hovering near the basement at present. The general stocks just seem to continue to charge and shrug off all bad news and Fed blather, so it is hard to gauge.
Good luck man!
The Fed Has Been Winging It for Eight Years; It’s Time for Congress to Step Up
Since the Wall Street crash in 2008 crippled the U.S. economy, Congress has played the role of a spectator at a big league baseball game – munching on popcorn and licking its greasy fingers soiled with corporate campaign loot – as the real players on the field, the Federal Reserve, controlled the action. Continued….
No more than a very small fraction of Congress has the combination of mental firepower and moral fiber to do anything worthwhile even if they were to ‘step up’.
I just don’t get it, you have the yen stronger, the dollar weaker with silver and gold spinning their wheels in the mud. What is it going to take for them to rally?
Lewis….Perhaps a few dead manipulating bankers under the wheels to give gold & silver….some traction to move forward.
LOL!
Tragically Funny IrishT.
Lewis, it’s not gold bugs who will push PM’s to new highs, but rank-and-file investors. And they don’t have a sufficiently compelling reason — YET — to dive in more energetically as they did from 2009-2011. That will come, though. For now, there is enough action elsewhere for them; and too much complacency/too little fear.
Thanks for the input Chris!
Excellent discussion today….Thank you. Agree, we won’t really know what takes these markets down next time. There are a multitude of answers; Which one will be the straw that breaks the ……………………….? or the snowflake that starts the avalanche?
Or a Black Swan artillery shell fired into a snow bank.
The oil short Titanic is sinking. All those claims of 30’s oil by most.
Hi Paul – Agreed. How far do you see Oil running up before running into major resistance?
Looks like it will head to low 50’s to maybe around 51.
Thanks Paul L.
On a little longer time frame, do you think it is reasonable for Oil to hit $60 by year’s end?
I have been thinking of a 60 target for year-end for a long time now and around 70 next year.
Seems very reasonable. Thanks.
Everyone purposefully should relate to the ******* Reserve as The Black Hole Reserve.
Good one. That about sums it up.
Bammycare on it’s deathbed…but Hitlery says she will keep it and the sheeple will elect her.
Well Core I tried a vix play today. No luck, bought on a 3% swing up on a bull flag/positive MACD formation. Stopped out for a 2.4% loss or $6. Still more fun than a scratch off ticket. Takes longer to lose your money. 🙂