The bulls are running as fast on the Street as they have ever run in Pamplona. Nowadays, bad news has always been priced in but good news, even hints of good news, has not. Thus it’s the opposite of early 2009. As I think I noted almost four years ago in my blog, a sign [...]
|
In a recent post, I presented evidence that there is in many circles a great deal of optimism about the future for the U.S. economy. Evidence for the extent of this optimism continues to accumulate, and not only for the U.S. Bloomberg.com reports with a headline that is a bit ironic, in that 18 months [...] I’m not a downer all the time. I try to go where the data leads, in a risk-averse manner. If it keeps pointing in the same direction, so be it. When I first began writing on this website in August 2010, I argued against the prevailing gloom. Recovery Summer as predicted by the advocates of Keynesian stimulus had [...] The Economic Cycle Research Institute (ECRI) came out yesterday with a defense of its much criticized recession call. As readers know I am cautious about their calls mainly because they use a “blackbox” proprietary methodology which is kept secret by them (in order to justify their high fees). But they have an extraordinary record. And [...] A growing number of people “get” the message that utility stocks are today’s techs. From Charles Hugh Smith’s blog post that was reposted on Zero Hedge yesterday titled What’s So Bad About Deflation?, he concludes: Everyone assuming the Federal government has the power to create inflation and that inflation is “good” should examine the interests of [...] This is a heads up from DoctoRx who has followed ECRI for many years. This is ECRI’s latest public statement on their recession call, a call which has been met with scepticism since it was announced. — JH Revoking Recession: 48th Time’s the Charm? For the last three months, year-over-year growth in [...] On June 28 last year, I wrote a post titled Important Battle at Four Dollar Copper. Shortly thereafter, copper surged half a buck but then dropped by one-third to $3. With global money-printing picking up and hopes that only a minor European recession and mild Chinese growth slowdown would let the party resume, copper rebounded- [...] DoctoRx’s favorite forecaster, other than the Daily Capitalist, Economic Cycle Research Institute called a “new recession” last week for its clients. According to the Doc, they have an excellent track record (see the graphic, below). Lakshman Achuthan said today: “The U.S. economy is tipping into a new recession,” Achuthan, the group’s chief operations officer in New York, [...] The Economic Cycle Research Institute (ECRI), which in January of this year called for a peak in global economic growth this summer to its paying customers via its non-public Long Leading Index, does publish weekly its shorter-term predictor of economic growth, the Weekly Leading Index (WLI). On its website, ECRI provides the historical data series [...] |
|
© 2013 The Daily Capitalist - Nothing in this blog should be considered to be investment advice. The opinions expressed herein are those of the author and not necessarily those of The Daily Capitalist. The Daily Capitalist is published by Montecito Analytics, LLC. All Rights Reserved. |
