Do readers remember Dow Theory?
Oldest US Stock Index Notches Longest Losing Streak In Nearly Half A Century
March 9, 2019
The Dow Jones Transportation Average, the oldest US stock index still in use and one of the most regarded economic indicators, has hit an eleventh consecutive decline, marking the longest session of losses since 1972.
The closely watched index slid 0.45 percent on Friday amid negative market reaction in the US February job report. Since its creation in 1884, the Dow Transports had only five 11-day long consecutive losing streaks, including the latest. It had five periods of a 12-day plunge through its 135-years history, according to the Market Watch citing Dow Jones Market Data and S&P Dow Jones Indices.
The Dow Transports index reflects the performance of 20 large transportation companies, from railroad operators to airlines. Their performance is considered one of the major signs of economic health as the firms ship goods around the world. Thus the transportation companies’ losses, reflected by the benchmark index, may be a troubling sign for the whole economy.
As Denny asked on Saturday’s call, who will buy Treasury’s Bonds of a country when they can not see the true balance sheet?
The Pentagon’s Missing Trillions. What You Need to Know
March 9, 2019
Dr. Mark Skidmore of Michigan State University joins us to discuss his research with Catherine Austin Fitts into the $21 trillion in unaccounted transactions on the books of the US Department of Defence and the US Department of Housing and Urban Development.
We discuss what we know and don’t know about the subject, the Pentagon’s nonsensical and inadequate excuses for the debacle, the new accounting guideline that legally allows every department of the federal government to create fake and altered books for public consumption, the recent failed Pentagon audit, the government’s refusal to provide any information about the problem, the failure of congress to pursue the issue, and the failure of the press to report on it.