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Expectations of weaker economy unites small business owners
Source: Fox Business "Although small businesses vary widely in terms of size, industry and issues, they do appear to be generally united by a growing uneasiness about the economy. Several surveys and economic reports released in recent weeks show that company owners...
Recession Is Coming, And Maybe a Bear Market, Too
Source: Bloomberg "The recessionary indicators are numerous. Tighter monetary policy by the Federal Reserve that the central bank now worries it may have overdone. The near-inversion in the Treasury yield curve. The swoon in stocks at the end of last year. Weaker...
California is growing so much marijuana it could crash the market
Source: Sacramento Bee “California has too many marijuana farms — growing too much product — and if nothing is done it will devastate the industry...more than 1,142 acres of cannabis farms hold state permits. They can produce up to 9 million pounds of crop every year,...
Market Shorts – U.S. Economy Cooled as G.D.P. Grew at 2.6% Rate in Fourth Quarter
Source: New York Times "The American economy slowed at the end of 2018 - and there could be a further slowdown to come. Gross domestic product - the broadest measure of goods and services produced in the United States - grew at a 2.6 percent annual rate in the final...
Market Shorts – China’s Gold-Buying Spree Extends To Third Month
Source: Zero Hedge "After China's official gold reserves rose for the first time in around two years (since Oct 2016) in December, Beijing appears to have joined the global gold rush, increasing its gold reserves for the third month in a row in February to 60.26...
Market Shorts – The Fed Is Playing a Dangerous Game
Source: Maulden Economics "Following Fed policy has been whiplash-inducing over the last year. It was just two months ago that Jerome Powell set off a market panic by suggesting the FOMC would do what it thinks is right and let asset prices go where they may. They...
Market Shorts – US households see biggest decline in net worth since the financial crisis
Source: CNBC "Americans' net worth fell at the highest level since the financial crisis in the fourth quarter of 2018 as sliding stock market prices ate into the household balance sheet. Net worth dropped to $104.3 trillion as the year came to an end, a decrease of...
Market Shorts – As politics around the world pull apart, can the center rally?
Source: Christian Science Monitor "Around the world, politics are polarizing. From Brexit to Brasilia, from the District of Columbia to the Danube, leaders are ruling from the further reaches of the political spectrum. In today's belligerent global mood, is there any...
Market Shorts – Global Economy Hits Its Weakest Spell Since Financial Crisis
Source: Bloomberg "The global economy's sharp loss of speed through 2018 has left the pace of expansion the weakest since the global financial crisis a decade ago, according to Bloomberg Economics. Its new GDP tracker puts world growth at 2.1 percent on a...
Market Shorts – The Fed’s “Wealth Effect” Has Enriched the Haves at the Expense of the Young
Source: Charles Hughs Smith Blog "The Fed is the mortal enemy of the young generations, and thus of the nation itself. 'The wealth effect' generated by rising stock and housing prices has long been a core goal of the Federal Reserve and other central banks....As Chris...
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