Some Seriousness In The Silly Beige

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ABOOK July 2019 Beige Book

I confess to following the Beige Book lately for mostly entertainment purposes. It was always an exercise in intellectual vanity, an opportunity for Fed Presidents to cram into it their own biases. But to see the FOMC just abandon the LABOR SHORTAGE!!! like they have, that’s not strictly about amusement; though it is to some… Read More

9 of the Smartest Retirement Locations in the US

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signature nilus mattive 1

This post 9 of the Smartest Retirement Locations in the US appeared first on Daily Reckoning. When it comes to retirement destinations, you can find an endless number of lists ranking the best and worst spots to live out your golden years. My take is it really depends on how you want your retirement to… Read More


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Silver Monthly Symmetrical Triangle Breakout 071819

Total: 7 7 0 While the silver price has broken above the symmetrical triangle formation, it still has a few key levels to surpass to continue its upward trend.  However, it was crucial for silver to first break upwards rather than down from the symmetrical triangle to be able to move in a bullish direction.… Read More

Dollar on Back Foot as Equities Slide

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Overview:  Profit-taking continues to weigh on global equities earnings concerns saw the biggest drop in the S&P 500 in three weeks.  The MSCI Asia Pacific Index fell for the fourth consecutive session.  The Nikkei gapped lower for the second straight session and has now retraced half of the gains scored since early June.  The Shanghai… Read More

Not A Paradox Nor A Conundrum: TICked at Powell

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ABOOK July 2019 TIC Official 6m

It seems a paradox, at least like it is backwards. The financial media doesn’t help because good editorial standards rely upon the opinions and beliefs of credentialed people who have no idea what they are talking about. If you hold high office in some central bank, we are to assume you are competent about monetary… Read More

Monthly Macro Monitor: We’re Not There Yet

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fredgraph 2019 07 17T113441.887

It’s been a slow turnin’ From the inside out A slow turnin’ But you come about   Slow learnin’ But you learn to sway A slow turnin’ baby Not fade away   Now I’m in my car I got the radio on I’m yellin’ at the kids in the back ‘Cause they’re bangin’ like Charlie… Read More

Planning for Retirement? Don’t Forget This Key Step

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This post Planning for Retirement? Don’t Forget This Key Step appeared first on Daily Reckoning. After working 25, 30, 35 years, or longer, you might think that retirement will be a like a permanent vacation where you sit back with your feet up and watch the world whiz by. But it’s not. Retiring is a… Read More

The Shocking Truth of FASAB 56 And What It Seeks To Hide

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U.S. Treasury Building by Medusa242 300x225

Medusa242 [CC BY-SA 3.0 (] We have previously commented on FASAB 56, in podcasts and interviews, but felt it was [read more] The post The Shocking Truth of FASAB 56 And What It Seeks To Hide appeared first on . Source:

Back to the Well Again

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Overview:  After slapping punitive tariffs on structural steel from China and Mexico last week, US President Trump threatened to end the tariff truce with China because it has not stepped up its purchases of US agriculture products.  Trump said the tariff freeze was in exchange for ag purchases, but at the time it seemed as… Read More

Endless Summer of Low Interest Rates

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RLR 7.15 CHART 1 1024x412

This post Endless Summer of Low Interest Rates appeared first on Daily Reckoning. My summer is in full swing. South swells are rolling through the ocean… The California sun is shining in all its glory… The water temps are balmy (at least for the Pacific)… And there’s enough daylight to put in a full day… Read More

Globally Synchronized, After All

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ABOOK July 2019 Retail Sales YY

For there to be a second half rebound, there has to be some established baseline growth. Whatever might have happened, if it was due to “transitory” factors temporarily interrupting the economic track then once those dissipate the economy easily gets back on track because the track itself was never bothered. More and more, though, it… Read More

Intervention: Huff, Puff, and Bluff

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Economists, strategists, and reporters continue to have a difficult time getting a handle on the disruptive American President.  They insist on taking seriously every feint of a person who appears to relish keeping his friends and adversaries off-balance. One continues to fuel a discussion that is generating more heat than light.  Previously, Trump accused one… Read More

Is A Largely Under-Reported Event The Tip Of An Iceberg?

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Biological warfare 300x199

U.S. Navy photo by Mass Communication Specialist Apprentice Joshua Nuzzo [Public domain] A recent incident that largely went unreported in [read more] The post Is A Largely Under-Reported Event The Tip Of An Iceberg? appeared first on . Source:

Pouring Over Poor Singapore’s Far Nastier Number Four

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ABOOK July 2019 Europe IP Singapore GDP QQ

You aren’t going to find the worst economic quarter in Singapore’s modern history in either 2008 or 2009. It was actually posted in 2010. During the third quarter of that year, GDP declined by a whopping 11% annual rate. While that’s the biggest contraction still on record, initial government estimates thought it was closer to… Read More