Hoisington 4th Quarter Review: Failure of the Fed, How QE Acts to Contract the Economy
Lacy Hunt at Hoisington Management emailed their 6-page fourth quarter report (not yet posted on the Hoisington Website). As always, the report is well worth...
Author : Mish Global Economic Trend Analysis
Wholesale Trade Down 1%, Inventories Down -0.3% but Inventory-to-Sales Ratio Rises
There more bad news in wholesale trade and inventory numbers today. Bad news should have been expected, but as usual it wasn't.Wholesale trade inventories declined...
Multiple Jobholders Artificially Boost “Full-Time” Employment: Does the Sum of the Parts Equal the Whole?
The ECRI has an interesting study out today that pretty much confirms what I have said about Obamacare boosting part-time employment at the expense of...
Third Strong Payroll Number +292,000; Unemployment Unchanged at 5.0%
Initial Reaction For the third consecutive month we see a strong headline payroll number. The Bloomberg Consensus estimate was 200,000 jobs and the headline total...
China’s Insolvable Problems; Watched Pot Thesis; Roll the Dice
China has not one insolvable problem, but many of them.Yuan and Capital FlightChina needs to prop up the yuan to slow capital flight.China needs to...
China’s Use of Derivatives to Hide Capital Flight Comes Unglued; Reserves Fall by Record Amount; “Worthless” Certificates of Confiscation
China’s Forex Reserves Fall by Record $107.9 BillionChina's foreign-exchange reserves are close to a three-year low, following the largest yearly decline ever.Capital flight is not...
Is the Oil Bottom In? Reflections on Value, Volume, Other Ideas
Oil swooned again yesterday, from $35.97 to $34.15. It's down again today.Were the month to close here (charts below captured yesterday), this would be the...
Four or Five Rate Hikes in 2016? Really?
I am quite amused by the parade of Fed governors and presidents still toting the Yellen line that the Fed will hike three to five...
Chinese Markets Halted in 14 Minutes 17 Seconds, Equities Plunge Another 7.32%
Sea of Red in AsiaThere's another bloodbath in Asian equities his morning, the second in a week. click on chart for sharper imageChinese Markets Halted...
Reader Asks About “Limited Supply of Homes”; Home Hunting in California
Reader Brendan from California has some questions about housing. He writes ... Hello Mish, I have messaged several Certified Financial Advisors and housing experts about...