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Cory’s Chart Corner
Humans just repeat the same old themes decade after decade. Today there is far more debt to service, thus greater financial impact on spending. Ask Walmart's CEO if he's noticed any change in consumer behavior while the U.S 10 years hits 5%.
Don’t forget in April of 2007 10 year hit 5.3% and by October of 2008 they were 2%.
Monthly Archives: November 2015
David Stockman on markets, Fed and fairies
Stockman starts his entertaining and quite informed rant at 1:22 and ends at 9:02, the preamble and afterword are the usual CNBC slapstick, “reporting from the mother ship”…funny. More like “live from bubble-vision headquarters.” Meanwhile viewers keep falling month after … Continue reading
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Different cycle, same levered tricks
Executive “stars” are up to the same levered tricks seen before previous market meltdowns. Bankers are happy to make the loans, accountants often recommend the tax deferrals. But in the end the practice leaves markets more vulnerable to steep … Continue reading
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On climate change and the rise of ISIS
A major peer-reviewed study called “Climate change in the the Fertile Crescent and implications of the recent Syrian drought” published last March found that global warming made Syria’s 2006-2010 drought two to three times more likely and therefore should be … Continue reading
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