Independent thinking for complex markets and current events
Healthcare has been propping up a shaky labor market. For the first time in over four years, the sector shed thousands of jobs Despite making up nearly a fifth of the U.S. economy and providing a much-needed set of crutches, the latest healthcare jobs data highlights just how wobbly the labor market is. Over 28,000 …
The public’s savings are dwindling and borrowing is stockpiling a record amount of debt. At EWI, we view the markets — and economy — differently from the mainstream. Here’s a prime example from the just-published October Elliott Wave Theorist.
By Graham Summers, MBA | Chief Market Strategist This is BLATANT manipulation! Stocks suffered a mini crash in early August when the Bank of Japan blew up the carry trade. Peak to trough, the S&P 500 lost 10% in a matter of three days. Then “someone” stepped in, buying stocks hand over fist, and the …
by Jeeperg84 Parents are helping adult kids buy first homes This is becoming more and more the norm…guessing this is the only way alot of people have any shot at a home. https://www.nbcnews.com/nightly-news/video/parents-buying-homes-for-their-children-as-affordability-plummets-189032517692
According to Wharton professor Jeremy Siegel, the U.S. economy appears to be “progressing smoothly, with a resilient consumer impervious to the impact of higher borrowing costs.” These spenders are the “YOLO (you only live once) consumers” who, Siegel believes, are spending the last of their cash reserves on traveling and enjoying the summer. (Bill Gross) …
Chinese government trying to step in to prop up currency and hide economic problems. News report below is from Indian news outlet Firstpost, highly substantive and reliable on Asian economic issues. China trying to muzzle and suppress its own economic experts and analysts, to prevent the real truth from being known! China’s debt woes getting …
