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davejh23 (< 20)

August 2010



Death Cross...Is it time to worry?

August 30, 2010 – Comments (8)

In early July, there was a lot of talk about the "death cross".  The financial media was paying attention, but many were quick to point out that we've seen the death cross twice in the last 10 years and stocks just kept on rising.  The other two crosses in the last 10 years were soon followed by 40%+ declines in the stock market.  [more]



Double Dip?...It Already Started...

August 10, 2010 – Comments (0)

Most have heard by now that, not long after the initial Q2 GDP report, JPM made significant downward revisions to the number based on June inventory data that was made available after the report.  Now, they've made additional downward revisions and are stating that Q2 GDP growth was likely closer to 1.3% compared to the reported 2.4%.  When additional international trade data is made available, this number will likely be revised again.  If the US trade deficit is worse than estimated, the actual GDP growth number will fall some more, and if the US trade deficit is better than estimated, the number will be revised upwards.  So, June data was so much worse than initial estimates that it halved the entire quarter's growth rate?...The odds that the economy was actually contracting in June are very high, and the odds that Q3 and/or Q4 GDP prints will be negative are increasing daily.  This is confirmed by continued small-business pessimism, and by the Fed's announcement of renewed/continued QE.  [more]



Quit Your Job and Stop Paying Your Mortgage

August 04, 2010 – Comments (7)

The gov't push to prop up still inflated home prices and bail out the banks continues.    [more]



Again, Double Dip is Guaranteed

August 03, 2010 – Comments (9)

Some analysts have suggested that the economy was already contracting in June.  ShadowStats had Q2 GDP at -1%.  Now, JPM is even showing that reported Q2 GDP growth can already be revised 30% lower based on recent data...still growth, but a severe slowdown based on the upwardly revised Q1 number.    [more]



U.S. Companies Owe $7.2 Trillion, The Most Ever

August 03, 2010 – Comments (1)

This is the most interesting article I've read in a while...mostly because I was starting to believe the MSM's lies.  [more]

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