A Big Picture Look At Markets, Treasuries, and Oil
Chris Temple joins me to recap his thoughts on markets and their new trend of ignoring the day to day noise. We look into what moves could be expected if traders start to take a more defensive strategy. Also a number of comments on the treasury market, as the 10 year nears 3%, and the oil market, as crude is back above $70/barrel.
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CFS:
It would be an especially stupid action given that we have known all along that Iran has no nuclear weapons program. Gee, I wonder who is egging the US into such a foolish act.
Re. taxation in the US. Note that tax revenue has increased after the income tax rate cuts.
Clueless people like Cortez and Sanders should take note.
No surprise. My taxes were raised as the wealthy got the cuts. My itemized deductions cut and no personal deduction amymore. I have yet to see the brackets which I suspect are not favorable to middleclass fxed income retiree. Then there is inflation. Tax Cuts are a a farce and just more theft.
Cortez has a degree in Economics, but wants free education and health care for all and major tax increases.
What does that say about the value of a Boston University degree in Economics?
FWIW it would seems to me that her tax increases are an attempt to pay for what she advocates, unlike the games we play today where we want everything and want to put the Federal spending on the credit card. Just sayin’.
But increasing TAX RATES may not increase tax COLLECTION!!
The silly little girl proved that a degree in economics these days is worse than worthless.
+1
Years ago, looking at grad school, I interviewed with PhD economists who told me the same–basically that the profession no longer deals with reality.
Laurence Kotlikoff is at Boston U., I kinda doubt Cortez got the socialist idea from Boston U.
Ya never know, but it sounds to me hes simply talkin about whats popular.
These ideas should go national…as long as we dont call ourselves national socialists.
Chris Kimball seems to think things could turn about here on the Nasdaq: https://kimblechartingsolutions.com/2018/07/nasdaq-creating-large-bearish-reversal-related-2000-highs/?utm_source=ActiveCampaign&utm_medium=email&utm_content=Nasdaq+creating+large+bearish+reversal+related+to+2000+highs%21&utm_campaign=Daily+Kimble+Blog+Posts+RSS
Is there not a push-pull relationship between the stock markets and precious metals at times as well as on the dollar and precious metals?
There also be a relationship between sentiment and the stockmarket…..
https://www.youtube.com/watch?v=wFIYmFPN3Vc
https://www.youtube.com/watch?v=wFIYmFPN3Vc
Gold—even at its lowest levels in 2018—is behaving just as prescribed
Rachel Koning Beals – July 30, 2018
“Sure, the opportunity cost of holding gold given where stocks are isn’t great, but the long-term reasons to own gold are just as real as they were months ago, as a store of value with low correlation to stocks,” said Adam Strauss, CFA, with Appleseed Capital.
our msm just reported russia dumped all their us treasuries,
they can only speculate as to why.
I can understand not wanting to say, why wreck a good secret?
Ganja and oil.
The story of the gap and pipeline:
http://podbay.fm/show/589864479/e/1533007093?autostart=1
One belt – one road. China trade via Ganja.
Trade deals thru’ the back door?
The apparent collusion between the US and the UK to attack Iranian nuclear facilities is ridiculous.
Apart from the fact that it can barely be performed technologically, it would set a precedent that would turn the world against the US and the UK, and May hangs on by a thread in power…..her downfall would immediately follow any attack on Iran.