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Monthly Archives: September 2011

Weekly Short Economic Stories

Last week: the US stock market was plumbing 2011 lows and flirting with a bear market entry point (20% loss) — where most of the rest of the world’s stock markets already are (we were re-testing our peak for the year — in the +4-5% range).  By the way, the same level in the S&P500 was seen: December 2009, September 2008, September 2004, September […] Read the rest of this entry »

Gold takes a breather

Over the past few weeks gold has dropped from all-time highs in the $1900s to approx $1600. What’s going on?   The short and simple answer is: Gold’s price ran up too far too fast. The more insightful answer is: • The price moved too far above its 50-day exponential moving average (ema) — the gold line in the graph below. It needed to come […] Read the rest of this entry »

Weekly Short Economic Stories

More fingers in the dike…… everywhere.  To counteract the damage inflicted by reality — a stream of worsening economic data here, Europe, everywhere — we see: The Fed, Bank of England, Swiss National Bank, Bank of Japan have “once more dear friends, stepped into the breach..” by making 3-month loans to the ECB (via currency swaps).   Think about that.    European banks don’t trust […] Read the rest of this entry »

The Fed will save us: Operation Twist

  Amid rampant speculation, the Fed met for an extended two-day meeting this week. Either the Fed was going to announce something big, or they would announce something sort of big. What we got: The Fed is going to buy $400B in 6-30 year Treasuries, and sell an equal amount of short term (3 year and less maturity) Tnotes. This will happen during the […] Read the rest of this entry »

Weekly Short Economic Stories

The stupidest thing I’ve read in a while:  Barney Frank intends to remove the voting rights of regional Federal Reserve Presidents on the rate-setting FOMC board and hand their voting privileges to White House appointees. For decades, the Fed has done a masterful job at stopping the US economy from feeling the economic pain both warranted and necessary from unwise and myopic fiscal policy.  […] Read the rest of this entry »

Dow 5000 in 2012. Brief Update

Since the beginning of the year, the greedometer has been indicating the US stock market is going through a secular topping-out process.  We had a run at the highs again in July (as expected) — when Triangle Wealth Management placed a warning of a massive impending stock market drop in the Wall Street Journal.   A few weeks ago (mid August), the greedometer delivered […] Read the rest of this entry »

Weekly Short Economic Stories

Every country in the G7 (except Canada) has an economy that is smaller now than it was in 2008 (before the last recession).  Because of how the NBER defines recessions, it says we had one in 2008-2009, and have since come out of it.  I suggest the definition include a comparison of the current economy size to that before the recession began. If the […] Read the rest of this entry »

News & Observer ad: 60% stock market crash // Dow 5000

On August 31st 2011, Triangle Wealth Management ran a full page advertisement in the local newspaper – The Raleigh News and Observer. The response has been overwhelmingly positive. I look forward to an insightful discussion.  If you are interested in attending, please drop us an email or call. The criteria for attending: Qualifications.  You must: have $400,000 or more in investable assets. (not in […] Read the rest of this entry »