John Hussman | The Daily Capitalist

John Hussman Makes New U.S. Recession Call

Economist turned money manager John Hussman has become the first economist I’m aware of to opine that the United States has entered a fresh recession. This would of course be unwelcome if verified as data comes in. Here are some comments from his article that is fresh off the digital presses:

Very often, the first real-time [...]

Stocks in Extremistan As Recession Forecasts Continue

This is a long post about stocks and the economy. I hope you find it worth the effort to read it.

If there’s any doubt about the strength of economic expansions, on trend, in the United States, in the past half-century, the linked 52-year chart from the Philly Fed may help settle the issue: [...]

Update On the Economy and the Markets

Yesterday late in the day, a bizarre thing happened. The Fed moved up its release of the bank stress tests results by two days because one of the directors of the New York Fed, Jamie Dimon, had the company of which he is CEO, JPMorgan Chase, announce a dividend increase and a stock buyback. Very [...]

What Bothers Me About the U.S. Stock Market

There’s too much optimism compared to actual data and recent trends, at least so far as I can see. Here are some examples.

The Financial Times has, behind a firewall, an article out today showing evidence of falling demand for petrochemicals in China that, the writer says, raises the question of whether China’s industrial slowdown [...]

Dealing with Financial Repression

Given the article posted today by Econophile on the WSJ and inflation, I thought it timely to submit some quantitative considerations for anyone with savings who has to deal with interest rates on savings that are below the rate of price increases for consumer goods and services.

The WSJ writer’s view is that the authorities “should” inflate away debts. [...]

Why Bill Russell Would Be a Bear on the Stock Market Now

When Bill Russell led first his college team and then the Boston Celtics to title after title, he did it with brains as well as athletic talent. When he turned to TV commentating, one of his themes applies to the stock market now. That theme involved a team that had fallen far behind and was making a furious comeback. Russell would observe [...]