The Great Depression

  • Benjamin Roth: The Great Depression: A Diary

    Benjamin Roth: The Great Depression: A Diary
    It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended

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February 25, 2012

Comments

Julie Turner

I attached the CMF indicator to the daily chart of TLT and it looks like there is money flowing into it since mid-Feb. Is this significant?

Dennis Elam

Julie

I suspect the inflow of money supported the move back to the top of this downtrend channel. Note that the MAs which were support are now forming resistance.

And I absent mindedly hit publish this morning instead of draft to save what I had done. The result was to display TMP before I even ran it through spell check. I have done so since resulting in eliminating lots of typos and inadvertent errors. After retinal detachment surgery in both eyes it is harder to spot these things but spell check sure helps.

Julie Turner

ouch - just had a friend go thru the same thing (but only in one eye) - heal up soon!!

Dennis Elam

Thanks Julie, the surgeries were a while back and I recovered completely but as the opthamologist observed when I said I saw some spots, well as much as we banged around on the back of your eye, no wonder.

I looked again at your question about TLT and yes, that makes sense as TVIX and HDGE are moving up. Money into TLT would be hedging a sell off in stocks.

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