An odd news blip on NPR caught my eye yesterday. It seems the mortgage side of GMAC halted all foreclosure processes in 23 states yesterday . As is usual with the now impotent NPR, no reason was given. A search of Bloomberg Business News revealed little more by way of explanation and explication. IContinue reading “GMAC-WTF?”
Monthly Archives: September 2010
A Saudi Collapse
I expend a great deal of time analyzing the fragilities and pressure points of our industrial system and while there are many possible scenarios impacting on oil supply and production, one of the more likely would be a collapse and overthrow of the Saudi Royal family. This spring Al Qa’eda suggested that it might beContinue reading “A Saudi Collapse”
Black Swan from Outer Space
The solar cycle or the sunspot cycle refers to the 11 or 22 year cycle in which the amount of sunspots counted on the surface of the sun increase and then decrease over a period of years. Whether you are in a waxing or waning phase is one of the determinants of goodContinue reading “Black Swan from Outer Space”
No Jobs=No Future
An hour ago I was driving back from Jackson listening to a segment on NPR entitled”Barely getting by”, dealing with the issues of low wage employment. The figure that caught my attention was since the 1970’s, wages corrected for inflation have fallen 20%. I had previously read that real wages since the 80’s haveContinue reading “No Jobs=No Future”
Hindenburg Omen
For those of you that are not familiar with the Hindenburg Omen, here it is. It is an tool used by stock market technicians from I assume the Hindenburg School to call for a stock market crash when the number of 52 Wk highs and lows exceed 2.2% of stock market volume coupled withContinue reading “Hindenburg Omen”