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Monday, February 29, 2016

Monday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. The countertrend rally is getting long in the tooth now.

Sunday, February 28, 2016

Last Week's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. While it's a bear market, a substantial percentage of stocks remain in uptrends.

Friday, February 26, 2016

Electric vehicles could be as cheap as gas-guzzlers soon

Tesla shares have been on a tear lately. Buyers are pouring money into the stock at a great rate as our Money Flow indicator shows: Electric vehicles could be as cheap as gas-guzzlers soon:

With gas prices at less than $2 a gallon, it may be hard to imagine trading in the old combustion engine for an electric vehicle, but according to new analysis by Bloomberg New Energy Finance, the age of the EV could be just around the corner.

The study published on Thursday predicts that battery prices — which have already fallen 35 percent in the past year — will continue to drop steeply in the coming years. By the 2020s, EVs could be just as affordable as, if not cheaper than, gas-powered vehicles. Sales of EVs, according to the report, will make up nearly 35 percent of market by 2040.

Thirty-five percent is huge growth considering that today EVs sales make up less than 3 percent of the market. Manufacturers are certainly taking notice: Chevy, Nissan, Fiat, Ford, Volkswagen, and Mitsubishi all currently have EVs on the market in the $30,000 range — and if price isn’t your main concern, you can always buy luxury EVs from BMW, Mercedes, or Tesla.

The growth of the electric vehicle does not bode well for the oil market, which is already suffering from crude oil prices as low as $30 a barrel. As Bloomberg News points out, “electric vehicles could displace oil demand of 2 million barrels a day as early as 2023. That would create a glut of oil equivalent to what triggered the 2014 oil crisis.”

But while the death of Big Oil is undoubtedly good for the planet, what exactly are the environmental costs of the electric vehicle? They don’t run on air, after all: The electricity powering your EV has to come from somewhere, and depending on where you live, that “somewhere” could mean coal-fired power plants. The good news is that a 2015 report from the Union of Concerned Scientists found that in U.S., EVs emit less than half the greenhouse gases than gas-guzzlers do on average, even when you account for the manufacturing process. But, as Mother Jones reports, the materials used to make EV batteries introduce other problems: Cobalt mining has been linked to child labor, and lithium mining linked to water pollution and depletion.

So, the electric vehicle can’t entirely assuage the conscientious driver’s guilt. But there’s always another choice beyond either gassing up or hitting the power station every couple hundred miles. It’s not for everyone, but for those of us who can make it work, there is a greater option, a greener option. It’s efficient, inexpensive, and already on the road. That’s right — the humble, old city bus.

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Thursday, February 25, 2016

Bloomberg Predicts Electric Cars Will Cause Next Oil Crash

Bloomberg predicts that by 2023, more people will be driving electric, which will cause the demand for oil to drop by 2,000,000 barrels a day. When that happens, it says there will be another crash in oil prices. Read more...

Thursday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Why stocks are acting like little puppy dogs now.

Wednesday, February 24, 2016

Wednesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Oil leads the way on the downside, then the upside.

Tuesday, February 23, 2016

Tuesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Does platinum lead gold? We look at history for evidence tonight.

NIRP Coming Soon? (Video)

Can you imagine a retirement fund that earns less than 0%?

Negative interest rates may soon arrive in the United States—which means you could be “taxed” on previously interest-paying investments, such as CDs, savings accounts, and US government bonds.

Several European countries, the ECB, and now Japan have already established a NIRP (negative interest rate policy).

Fed heads from Janet Yellen to Stanley Fischer have stated they may be in favor of it if the economic situation in the US “warranted” it… which, as we all know, could mean anything.

Two of Mauldin Economics’ top editors—Tony Sagami and Jared Dillian—sat down for a video interview to discuss their thoughts on the possible advent of NIRP:

Monday, February 22, 2016

Monday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. NIRP is coming and will bring big changes to the economy, including crminalizing the holding of cash.

Sunday, February 21, 2016

Last week's Results In The Wall Street Bucket Shops

#SubscriberNotes #WeekendAnalysis have been updated on the website. More rally ahead for equities this week, but dip first.

Thursday, February 18, 2016

Thursday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Investors, not trusting the stock market, decided to patch up the piggy bank today.

Wednesday, February 17, 2016

Wednesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Where are investors pulling funds to buy stocks again? The bond market!

Tuesday, February 16, 2016

Tuesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Equities get a bid, but can they hold the trend for long?

Monday, February 15, 2016

Elon Musk on the Coming Population Implosion (Video)

What Markets Are Telling Us

By Ron Paul
Last week US stock markets tumbled yet again, leaving the Dow Jones index down almost 1500 points for the year. In fact, most major world markets are in negative territory this year. There are many Wall Street cheerleaders who are trying to say that this is just a technical correction, that the bottom is near, and that everything will be getting better soon. They are ignoring the real message the markets are trying to send: you cannot print your way to prosperity.
People throughout history have always sought to acquire wealth. Most of them understand that it takes hard work, sacrifice, savings, and investment. But many are always looking for that "get rich quick" scheme. Monetary cranks throughout history have thought that just printing more money would result in greater wealth and prosperity. Every time this was tried it resulted in failure. Huge economic booms would be followed by even larger busts. But no matter how many times the cranks were debunked both in theory and practice, the same failed ideas kept coming back.
The intellectual descendants of those monetary cranks are now leading the world's central banks, which is why the last decade has seen an explosion of money creation. And what do the central bankers have to show for it? Lackluster employment numbers that have not kept up with population growth, increasing economic inequality, a rising cost of living, and constant fear and uncertainty about what the future holds.
The past decade has been a lot like the 1920s, when prices wanted to drop but the Federal Reserve kept the price level steady through injections of easy money into the economy. The result in the 1920s was the Great Depression. But in the 1920s prices were dropping because of increased production. More goods being produced meant lower prices, which the Fed then tried to prop up by printing money. Unlike the "Roaring 20s" however, the economy isn't quite as strong today. It's more of a gasp than a roar.
Production today is barely above 2007 levels, while heavily-indebted households already hurt during the financial crisis don't want to keep spending. The bad debts and mal-investments from the last Federal Reserve-induced boom were never liquidated, they were merely papered over with more easy money. The underlying economic fundamentals remain weak but the monetary cranks who run the Fed keep trying to pump more and more money into the system. They fail to realize that easy money is the cause, not the cure, of recessions and depressions. They didn't realize that prices needed to drop in order to clear all the bad debt and mal-investments out of the system. Because they don't realize that, we are on the verge of yet another financial crisis.
Don't be confused by any stock market rallies over the next few months and think that the worst is over. Remember that after Black Tuesday in 1929 the Dow Jones rallied over the next year before it began slowly and steadily to sink again. The central bankers will do everything they can to delay the inevitable. If they had allowed housing prices to fall in 2008 and hadn't bailed out the big Wall Street banks, the economy would have corrected itself. Yes, it would have been a severe correction, but it would have been nothing compared to the inevitable correction that will present itself when the Fed runs out of easy money options. The Fed may try to cut interest rates again, maybe even going negative, or it will do more quantitative easing, but that won't work. Creating more money does not lead to economic growth and well-being. The more money the Federal Reserve creates, the more ordinary Americans will end up suffering.
Copyright © 2016 by RonPaul Institute. Permission to reprint in whole or in part is gladly granted, provided full credit ad a live link are given.

Sunday, February 14, 2016

What We Knew 36 Years Ago

We knew of the problems caused by Global Warming a long time ago:

Clearly, we are making the same mistake Noah warned us about.

BP's Self-Serving Energy Outlook

When you ask a large fossil fuel extractor like BP (didn't they tell us BP stood for “Beyond Petroleum?”) what the future will look like, of course you get what they want you to see. Steve Hanley writes in BP Energy Outlook Sees The World Through Oil Colored Glasses:

The BP report expects renewables to account for only 9% of the world’s total energy needs by 2035. That is far lower than many proponents of alternative energy anticipate. Bloomberg New Energy Finance and the International Renewable Energy Agency both predict renewable energy could supply as much as 30% of global energy demand by 2030, especially if the accords reached in Paris are implemented by major emissions sources like the US, China, and India.

“This is a story of how an oil and gas company predicts the rosy prospects of oil and gas companies,” explained Greg Muttitt of Oil Change International. “BP would like us to believe that government action on climate will fail, that clean technologies will fizzle, and that the future of energy will still be based on the carbon fuels of the past.

“Every year, BP has predicted that the growth in renewable energy will slow down, and each time it has been wrong. This year, again it massively downplays renewables, estimating they will provide a mere 15% of world electricity in 2030 – in spite of wind and solar achieving grid parity in most of the world, and in spite of government action arising from the Paris Agreement.”

“Dressed in a veneer of concern about climate change, in fact BP’s outlook is a public relations exercise, designed to boost fossil fuels and undermine public faith in clean alternatives. Meanwhile it deflects responsibility to government or to coal companies, to distract from its own extraction of oil and gas. This is not a credible view of the future of energy.”

Last Week's Results In The Wall Street Bucket Shops

A preliminary version of #SubscriberNotes have been updated on the website. We'll have more later on Sunday.

Thursday, February 11, 2016

Entering the Belly of the Epocalypse

David Haggith writes:

Only a couple of weeks ago, I said we were entering the jaws of the Epocalypse. Now we are sliding rapidly down the great beast’s throat toward its cavernous belly. The biggest economic collapse the world has ever seen is consuming everything — all commodities, all industries, all national economies, all monetary systems, and eventually all peace and stability. This is the mother of all recessions.

That’s a big statement to swallow, especially when many don’t see the beast because we’re already inside of it. You need to look down from 100,000 feet up in order to observe the scale of this monster that is rising up out of the sea and to see how rapidly it is enveloping the globe and how the world’s collapse into its throat is accelerating. The belly of this leviathan is a swirling black hole, composed of all the word’s debts, that is large enough to swallow every economy on earth.

Mexican retail billionaire Hugo Salinas Price has looked long into the stomach of this mammoth, and this is what he has seen:

 

[Global] debt [as a percentage of GDP] peaked in August of 2014. I’ve been watching this for 20 years, and I have never seen anything like it. It was always growing, and now something has changed. A big change of this sort is an enormous event. I think it portends a new trend, and that trend will be to get out of debt. Deleverage and pay down debt. That is, of course, a contraction. Contraction means depression. The world is going into a depression. It’s going to get very nasty. (USAWatchdog)

 

So, let’s step back and look at the big picture in order to see how immense this thing is: (One thing that you’ll notice is common in the statements of many sources below is comparisons to 2008, when we first entered the Great Recession. You hear that comparison every day now, which says many people feel that, after piling on trillions of dollars and trillions of euros and trillions of ___ in debt to save ourselves, we are right back where we started … but exhausted from the effort.)

Continue reading...

Thursday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. What does the dog do after he catches the car he was chasing?

Wednesday, February 10, 2016

Wednesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. It's your Crazy Ex-Bull Market, isn't it?

Tuesday, February 09, 2016

Tuesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. NASDAQ held a key support trendline on Tuesday, but oil remains a bearish force.

Monday, February 08, 2016

Monday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Is the bear market taking any prisoners?

Sunday, February 07, 2016

Last Week's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. We will publish our #WeekendAnalysis report later today.

Thursday, February 04, 2016

Thursday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Employment Report should be a market force Friday morning. Be very careful.

Was the Republican Primary in Iowa Rigged?

Scott Adams makes a very good case for the Iowa primary to have been rigged to stop Trump. In News Flash: Cartoonist Gets One Wrong!, Adams says,

I’m not saying the vote in Iowa was rigged. I’m just saying the result is exactly the same as what one would expect from a well-engineered and rigged election. But that could be a coincidence.

Now consider motive and opportunity. Lots of people in both of the major parties want to stop Trump. And the GOP establishment is probably betting on Rubio as their best hope. Suspects are everywhere.

As for opportunity, the Iowa caucus system was designed and implemented by humans. Wherever you have humans, you have problems. Hedge funds are crooks, priests are molesting kids, and that sort of thing.

As I have said in prior blog posts, the stock market is definitely rigged. I say that with certainty simply because it is possible, the risk of detection is low, and the gains are enormous. Whenever you see that combination, crime is guaranteed.

The Iowa caucus might be an exception to the universal law of human awfulness. We can hope that is the case. But keep in mind that it would only take one player to rig the result.

Now consider that a healthy percentage of the American public believes Donald Trump is literally a Hitler-in-waiting. If an American patriot in Iowa had a chance to take down Hitler and save billions of lives, I hope he or she took the shot. That’s what I expect of my fellow-citizens. 

As a thought experiment, put yourself in the shoes of an Iowan who has the opportunity to rig the Republican caucus vote. You alone might have the power to stop Trump-Hitler. If you don’t, the next Holocaust is on you. 

What do you do?

As an American and a patriot, I hope you rigged the election to save us all from Hitler. If you didn’t take the shot when you had it, why not? If I were in that situation – and I believed in my heart that I could stop Hitler – I would feel obligated to do it. How could you feel otherwise?

And if I were a GOP establishment person who just wanted to keep the military-industrial machine intact, I would have that motive as well. 

I’m not saying the Republican caucus in Iowa was rigged. All I’m saying is that the result looks exactly like it was rigged, and the people who had the opportunity had the best motive in the history of all motives. You might say they had the mother of all motives and a few aunts of motives as well. 

As I was having these thoughts last night, some folks on Twitter mentioned that Republicans were using a new Microsoft app to tally results. Apparently that system was a bit buggy. Microsoft provided the system for free. 

Oh, and Microsoft is Rubio’s biggest donor

Wednesday, February 03, 2016

Wednesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. It was a Wednesday Turnaround for oil and it pulled commodities higher.

Tuesday, February 02, 2016

Tuesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Fossil fuels pulled the plug in the stock market as gasoline plunged below a buck a gallon.

Monday, February 01, 2016

Monday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. After Accumulation Lows on many Volume Oscillators, new uptrends are trying to get started in equities.