European Industrial Production Has Accelerated to the Downside as It Did in the Spring of 2008

Eurostat reports that October industrial production (IP) in the euro area dropped sharply in October, and was down 6.0% in the euro-zone and 4.0% in the EU (17 and 27 countries, respectively).

Please go to the LINK and note the chart of IP since 2003.  It tracks that of the U.S. fairly closely.  It is [...]

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Greenspan On … Nothing

Alan Greenspan, the former Federal Reserve chairman, said today the U.S. economy “looks very sluggish.”

This quote from Bloomberg originated in a video interview of Alan Greenspan with Tom Keene on Bloomberg TV. The Chairman also let us know that Europe is a place of diverse cultures.

He has stated the obvious, again. It would have [...]

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The Current Malaise: The Failure Of Stimulus

Alhambra Investment Partners’ Dr. John Chapman discusses the current malaise:

Recent data on the U.S. economy are not encouraging, and calls for a recession have risen in recent months. But there is after all a big difference between an economy growing at 1-2%, and one not growing, or shrinking, as in Europe at [...]

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The Meaning Behind Q4 GDP Numbers

I got to my pulpit late this morning to find that the Q4 2011 GDP advance numbers have already been pretty well dissected and analyzed by my fellow commentators, and they’ve got it mostly right. While there were some positive signs in the report, the report was obscured by a potential negative indicator, inventory build, [...]

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Ray Dalio Of Bridgewater Takes Dim View Of Economy; Concurs With Daily Capitalist

With all the good economic news that has been coming out in the past two weeks one may question why we at the Daily Capitalist are bucking the opinions of the claque of conventional-wisdom economists. But now it appears that we have good company: Bridgewater Associates, one of the world’s largest hedge funds at $125 billion run [...]

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The Economy Is In Jeopardy Part II

This article is one of a series of occasional white papers from the Daily Capitalist taking a detailed look at specific issues affecting the economy. In this paper I analyze current economic events and give my forecast for the economy. It goes into detail about how I think the economy should [...]

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The U.S. Economy Is In Jeopardy Part I

This article is one of a series of occasional white papers from the Daily Capitalist taking a detailed look at specific issues affecting the economy. In this paper I analyze current economic events and give my forecast for the economy. It goes into detail about how I think the economy should [...]

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Are the Markets Making Sense Today?

As stock and many commodity prices take a tumble today, volatility indexes continue to reflect more than average optimism.  The barbell strategy of gold and Treasurys is having a good day.  I did put on short positions again on Friday after the dismal jobs number, both on the general stock market and on oil service stocks (OIH).  The day ended with [...]

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Will We Have Hyperinflation In America?

I have been reading a lot lately about the coming hyperinflation in America. Among those I’ve read are Mr. Shadowstats John Williams, John Hussman, Jim Quinn, commentators on Zero Hedge, and Mr. Gloom Doom and Boom himself Marc Faber. My favorite philosopher, Nassim Taleb has also taken up the hyperinflation case. And I didn’t forget Jim [...]

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