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December 3, 2010, at 9:07 pm
by Eric De Groot in the category In The News |  Print This Post |  Email This PostThe headlines tend to suggest that the Fed’s $9 trillion bailout has been motivated by the restoration of the employment picture. This is not so. The bailout has been motivated by social consequences related to the cascading defaults within OTC derivative markets. Make no mistake, this is the motivating factor behind Fed policies. But Continue reading The Weimar Experience Can’t Happen Here, Right? December 3, 2010, at 3:41 pm
by Eric De Groot in the category General Editorial | Print This Post | Email This PostI found myself characterizing the employment report as disinformation at its finest. It’s not so much that spinsters were pressing hard to massage today’s headline number into something it’s not but rather how data has been progressively “managed” to convey the right message. Anyone that crunches government data knows what I mean. John Williams, Continue reading Employment Report – Disinformation at its Finest December 2, 2010, at 1:05 pm
by Eric De Groot in the category General Editorial | Print This Post | Email This PostLet the media play the “more or less than expected” game with daily fluctuations in the stock market. Today’s average weekly jobless and continuing claims fall within the cycle trends. Average Weekly Initial Claims State Unemployment (AWIC) And YOY Change: Average Continuing Claims State Unemployment (ACC) And YOY Change: The trend line breaks in Continue reading The “More or Less Than Expected" Does Not Alter the Cycles December 2, 2010, at 12:32 pm
by Eric De Groot in the category General Editorial | Print This Post | Email This PostThe trend in home prices, already bolstered by currency devaluation across the globe, is saying – “careful people.” Any material deficit reduction program, such as elimination of the mortgage tax deduction, whether spun as ethically right or wrong, will bring down the pain not felt since the Great Depression. The cycle bottom for real Continue reading “Careful People”, says The Trend in Home Prices June 18, 2010, at 3:17 pm
by Eric De Groot in the category General Editorial | Print This Post | Email This PostDear CIGAs, My view, and I never trade the wiggles, remains the same. The setup in the gold stocks looks solid. When the time is right, and the window has begun to open, they will take out their 30-year consolidation pattern with conviction. We might have to wait until the start of the C-wave, Continue reading A Note From CIGA Eric June 8, 2010, at 6:54 pm
by Eric De Groot in the category Jim's Mailbox | Print This Post | Email This PostFor once relax CIGA Eric For once relax. Gold is doing well. The rumor that Prechter had become a gold bull is false. Jim, It sure is. A test of the 5/12 highs simply does not have enough energy (force) to break through on a sign of strength today. This is illustrated by REV(E) Continue reading Jim’s Mailbox March 24, 2010, at 3:30 pm
by Eric De Groot in the category Jim's Mailbox | Print This Post | Email This PostHome loan demand down 2nd week as rates rise CIGA Eric Demand for purchase loans, a tentative early indicator of home sales, edged higher, but activity was down from a year earlier, further evidence that the housing market has hit a lull after showing signs of a recovery late last year. This is no Continue reading Jim’s Mailbox March 23, 2010, at 7:31 pm
by Eric De Groot in the category Jim's Mailbox | Print This Post | Email This PostExisting U.S. Home Sales Fall for Third Month CIGA Eric Existing sales fell but other headlines reassure us that all is well as long as expectations are exceeded – Stocks climb after home sales top expectations. Headline spin can be a very tough nut to crack for the average investor. Sales of existing U.S. Continue reading Jim’s Mailbox |