Monthly Archives: July 2013

Ignore the Next Fed Chairman Debate… Asia is in Collapse

The big news is what’s going on in Asia. The US financial media continues to focus on who will be the next Fed Chairman, which is unimportant in the grand scheme of things. Greenspan created the biggest asset bubble in … Continue reading

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Is This The Greatest Stock Market Bubble of All Time?

Some truly awful economic results were released over the last week. First and foremost, we discovered that 80% of the US adults struggle with joblessless, are near poverty, or have a reliance on welfare for at least part of their … Continue reading

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The Housing Bust is Back in a Big Way

Anyone who believes that housing is back in a big way needs to take a look at homebuilder stocks. Here’s DR Horton (DHI) which is down over 30% from its recent highs. The same can be said for Pulte Homes … Continue reading

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The Recovery is Collapsing… Are You Prepared?

The markets had a very weak session yesterday. With Bernanke’s final stand in front of Congress out of the way, along with options expiration and end of the quarter performance gaming, the bulls are running out of excuses to gun … Continue reading

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The Great Edifice of the “Recovery” Is Crumbling

The corrupt edifice that has propped up the US big banks and financial system is beginning to crumble before our very eyes. I’ve warned subscribers of Private Wealth Advisory that this would happen. Now it is. First and foremost, the … Continue reading

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The Black Swan No One is Talking About

Another “growth story” is dying before our very eyes. As I’ve warned Private Wealth Advisory subscribers, China is rapidly approaching ZERO growth. This is not less growth, but ZERO growth as in full-scale economic collapse from the days of 12% … Continue reading

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Stocks Are Setting Up For a Truly Epic Collapse

At this point, the market is beyond overextended. Last week was options expiration (Wall Street’s favorite time to shred options traders). And thanks to Ben Bernanke’s promise to keep the money printers running (“none of what we’ve said implies tighter … Continue reading

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The S&P 500 is More Overstretched Than At Anytime in 30 Years

The markets are running out of steam as there is no longer a Bernanke talk to look forward to (he won’t be at the Fed’s Jackson Hole meeting in August) and options expiration is ending. Bernanke has a thing for … Continue reading

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Bernanke’s Hidden Hint of the Coming Economic Collapse

Today marks the final day of Bernanke’s testimony to Congress. Highlights from the first day of testimony and Q&A include:     Q: Are You Printing Money?     Bernanke: Not Literally Amazingly, no one said anything after this comment. But far … Continue reading

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Ben Bernanke’s Last Stand Is Playing Out In Front of Us Right Now

The winning streak for stocks broke yesterday, with stocks posting a small drop (just 0.3%). We had forecast a summer rally a few weeks back and sure enough stocks have put in a 10-day winning streak. The important line to … Continue reading

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There’s a Madman at the Wheel… Someone Stop Him Before We Crash

Stocks are rallying because Ben Bernanke speaks at Congress on Wednesday. Stocks historically rally into Bernanke speeches. The markets are at new all time highs. But it is now clear that Bernanke has absolutely no clue what he’s doing. Just … Continue reading

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Bernanke Has Created a $4 Trillion a Day Ticking Time Bomb

The entire move last week was the result of Ben Bernanke waffling about when to taper QE (if ever). The Fed hinted at tapering QE a mere two months ago. We now know that half of the Fed’s Board of … Continue reading

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Bernank’s Bluff and the Coming Crash

Yesterday’s move confirms what everyone suspected, that Ben Bernanke is more of a CNBC stock market cheerleader than a Fed Chairman or businessman. Is there really any other interpretation for his clear and obvious verbal intervention in the stock market? … Continue reading

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Bernanke Is Losing Control of the Fed and the Markets

Ben Bernanke has lost any last shred of credibility he might have had. The Fed no longer believes in QE. And for good reason. We’ve seen QE 1,2,3,& 4 and yet we’ve not seen any meaningful uptick in employment or … Continue reading

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The Economic “Miracle” Has Failed… What’s Next For the Markets?

China, which the investment world blindly continues to believe will power the global economy to growth, just posted its single worst export data since 2009. All in all, Chinese exports fell 3.1% from a year earlier. Analysts had forecast growth … Continue reading

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This Has Never Happened Before…

The economic recovery hit another record yesterday. We’ve already had an incredible record setting streak for food stamp usage. Now we can add high unemployment to the mix. The US economy just posted its 54th straight month at which unemployment … Continue reading

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The One Chart That Proves We’re Not in a “Recovery”

The US economy continues to fall to pieces, though accounting gimmicks make our employment numbers look better than reality. As I’ve alerted subscribers of our Private Wealth Advisory newsletter, most of the new “jobs” being created are part-time, not full … Continue reading

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Has the Next Leg Down Begun?

Well we got right to the trendline noted in earlier articles. We’re now beginning to roll over as we predicted. The number of major problems hitting the system right now is truly staggering. Off the cuff I note: 1)   Egypt … Continue reading

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Why Those Hoping For More QE Now Are In For a Rough Surprise

Yesterday was another day of bad economic data with the ISM report showing the worst employment figure since September 2009. The bulls believe that bad economic data means more QE. The problem with this is that they’re ignoring the fact … Continue reading

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Can We Retake the Trendline?

As noted last week, the markets will likely rally into the Fourth of July. Most “analysts” will view this as a sign that the initial drop down from two weeks ago was a fluke and it’s time to “buy the … Continue reading

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