A thought provoking morning economic discussion
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Is the continued rise in the price of copper and indication of an improved worldwide economy?
Good, enjoyable discussion on these macro discussions. Thanks.
The USDX is up about 40% since its all-time low in March, 2008 yet gold is worth about 37% more dollars in the same period. The buck is not number one.
Reminds me of an old children’s song — ‘Buck, Buck, bo buck, banana fana…’
I was a bad kid, lol
😮
https://www.yahoo.com/news/dont-believe-fake-news-morning-144316840.html
If this was connected with the Ivanka Trump “commercial”, is my memory wrong when I remember Michelle Obama pushing Subway a few years ago
(or Hillary saying Bill liked BigMacs)?
Did anyone hear the announcement by RFK, Jr and Robert DeNiro this morning? I couldn’t access the site. Maybe the drug companies crashed the server.
Bonzo, it’s on their FB page. You can replay the live broadcast here:
Market is getting quite risky after such a big move straight up move from November. VIX is up about 10%. I had a 2400 target on the S&P months ago but it should correct about now near 2350 but so far it just keeps going. We could be much lower this summer.
Oil showing a lot of weakness and a sharp fall could drag the whole market down as investors rush for the exit to cash out profits. Oil stocks have been falling for over 2 months now and no big bounce backs. Inventories keep rising more than expected and production cuts seem to be having no effect. Vix now +10.89%. I cashed out my XOP on the bounce which is now fading.
With markets more inflated now than 2007, big banks bigger than pre GFC and more leverage floating around now than 10 years ago, I wonder how bad margin calls will be if and when sh*t hits the fan? Ohh and lets not even mention global debt levels.
Something tells me the next crash is not too far away and its gonna be nasty
Real estate mortgage delinquency rate UP……..