02/08/2015

08.03 Here we Go Again: August Opens with Shanghai and Asia Down, Down, Down

by John Galt August 2, 2015 22:00 ET Here we go again gang so buckle up, it’s going to be a wild month… The Nikkei 225 is crawling down the ladder, as of this posting down about 3/4 of a percent (all charts via YahooFinance): The Shanghai SSE opens down a hard 1.4% and apparently ready to move even lower if the Beijing government doesn’t start buying more stocks soon: Hong Kong’s Hang Seng opens down 1.4% plus also: Lastly, and not a sideshow, Taiwan opens down almost 2%: In the…


Signs, Signs, Everywhere a Sign, Economic Signs, and More Bad Signs

by John Galt August 2, 2015 13:30 ET   And not the kind of signs in the headlines one wants to see if they think the economy is going stay “strong” for much longer. For example, on Friday the headlines directly contradicted the triple washed super duper electrochemically re-calculated GDP figures from the previous day: US wage growth falls to record-slow pace in Q2 Consumer sentiment hits lowest since May Of course the used car salespeople masquerading as journalists on the financial broadcast networks don’t want you to see this story…


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