Categories

Archives

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

Recent Posts

About

Subscribe to this blog's feed

October 2024

Sun Mon Tue Wed Thu Fri Sat
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31    

The View from Abroad

Columnists - Thoughtful Reading

Economic Sites and Blogs

Bought And Paid For

« Credit Expansion Proceeds Deflation Collapse | Main | Bond Price Start Falling, Yields Rise »

April 28, 2021

Waiting for State of the Union

Wed April 28 2021

Markets went nowhere today I expect waiting on reaction to state of the union speech.  Tax and spend, period, no take that back

 

spend and tax

Screen Shot 2021-04-28 at 3.53.37 PM NO progress in our ratio chart, whether it has

another push higher or this is it, the new trend should favor lower bond prices.

Stocks, DJIA, SPX, NASD are all completing the last of a five wave formation. I am guessing the FED has goosed the markets as far as it can.  Now the impending higher tax rates, doubling cap gains on the rich, will likely  lead to selling. Go ahead AOC, kill the golden goose.

Posted at 04:57 PM |

Comments

The comments to this entry are closed.