Submerging Markets

This week's commentary takes a look at emerging markets but first a review of the most recent Hybrid Lindsay forecast for the Dow Industrials index. The July 14 commentary mentioned the official forecast for a low in the ... Recent Commentaries |… Read More..

The Market’s Macro Story in Three Charts

Every so often, it is worthwhile to step back and canvas the macroeconomic picture from a global perspective.  Above are three charts that tell a distinctive macro story:1)  Deflationary pressures - In a world of expanding global economic growth, we would expect to see greater utilization of raw materials, driving the prices of commodities higher. … Read More

3D Printing an Ornate Bridge Over a Water in Amsterdam

Every month, 3D printing possibilities get increasingly elaborate.For example (with thanks to reader Tim Wallace for the links): The Goal of MX3D is to 3D print a steel bridge. Really. With our robots that can “draw” steel structures in 3D, we will print a bridge over water in the center of Amsterdam. We research and… Read More

Fed Survey: Banks reports stronger demand for Home-purchase loans and CRE Loans

From the Federal Reserve: The July 2015 Senior Loan Officer Opinion Survey on Bank Lending PracticesRegarding loans to businesses, the July survey results indicated that, on balance, banks reported little change in their standards on commercial and industrial (C&I) loans in the second quarter of 2015. In addition, banks reported having eased some loan terms… Read More

U.S. Light Vehicle Sales increased to 17.5 million annual rate in July

Based on a WardsAuto estimate, light vehicle sales were at a 17.5 million SAAR in June. That is up 6.4% from July 2014, and up 3.3% from the 17.0 million annual sales rate last month.Click on graph for larger image.This graph shows the historical light vehicle sales from the BEA (blue) and an estimate for July… Read More

Wage Growth Accelerating? By How Much? Total Compensation and the Obamacare Effect

On July 24, the Conference Board asked the question: Is Wage Growth Accelerating? The Board's answer was "All signs point to Yes!" One big question regarding the US economy is whether wage growth is accelerating. You might think that this is a pretty straightforward question to answer, but it’s not. There are many measures of… Read More

What We Know, What We Feel, and How We Trade

One of the great challenges of trading is reconciling--and integrating--two modes of knowing:  the explicit and the implicit.  Explicit knowledge is what we readily verbalize as part of reasoning processes.  Implicit knowledge is what we feel and sense as part of intuitive processes.  We navigate life through a complex interplay of these modes of processing… Read More

Hotels: Best Week Ever, On Pace for Record Occupancy in 2015

From STR: US hotel results for week ending 25 JulyThe U.S. hotel industry recorded positive results in the three key performance measurements during the week of 19-25 July 2015, according to data from STR, Inc.In year-over-year measurements, the industry’s occupancy increased 1.5% to 79.1%. Average daily rate for the week was up 5.1% to… Read More

Progression of the Police State Spanish Style: €300 Euro Fine for Calling Police Officer “Mate”; Law of Simmering Social Pots

Ministry of Truth Gag LawOn July 1, Spain enacted a "gag" law that provides for showing "disrespect to police.Among the many new repressive stipulations is a €30,000-€600,000 fine for "unauthorized protests," which can be combined for maximum effect with a €600-€300,000 fine for "disrupting public events."A few days ago, in Police State "Ministry of Truth"… Read More

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