One of the questions that keeps popping up — which the administration and the mainstream media (for the most part) seem to be avoiding — is what are all these extraordinary interventions of the past several months going to cost the ...
Topics: Contributor, Economy, External Research, USA

The risk of system financial collapse aside, the U.S. economy continues to deteriorate. According to The New York Fed’s “Empire State” manufacturing survey released today (Wednesday), the organization’s general business...
Topics: Contributor, Economy, External Research, USA

From the introduction of the NBER working paper “The Subprime Panic,” by Yale School of Management Professor Gary B. Gorton:Subprime mortgages are a financial innovation designed to provide home ownership opportunities to riskier...
Topics: Contributor, Economy, External Research, USA

I wanted to offer my interpretation of the Elliott Wave Count structure on the NASDAQ (^IXIC) chart, which is very similar to that of the S&P 500 and Dow Jones.For “Basic Elliott Rules,” see my prior post.Let’s get started with...
Topics: Contributor, External Research, Stocks, USA, ^IXIC

So, did you enjoy yesterday’s calm, rational, and frankly boring markets? Spoos only managed an 8% daily range…..this stuff is child’s play!So the zillion dollar question is whether we are now on the long road to recovery. While...
Topics: Contributor, Economy, Eurozone, External Research, Switzerland, USA