The Market Perspective: More Negative Stats

The Great Depression

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

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

National Post
Canada
Reuters
The Day's Top Stories
Straits Times
Singapore
Pravada
Moscow
Jerusalem Post
Jerusalem
Financial Times
London
Speigel Online
Frankfurt

Columnists - Thoughtful Reading

Professor Tom Sowell
Perhaps the best mind in America
Ambrose Evans Pritchard of the Telegram
The real story from Across the Pond

Economic Sites and Blogs

The Price of Everythning
Tim Price reflects on markets from 'across the Pond.'
Yahoo Finance
Still the go to site for market data and links to company profiles, websites, and financial statements.
Zero Hedge
Tyler Durden's site is harder edge than most, serious stuff.
Market Watch
The Wall Street Journal continuously updates with news and article links.
Business Insider
A sort of National Enquirer look at Business Around the World.
Mish's Global Economic Analysis
Mish Shedlock's economic analysis.

Reminiscences of a Stock Operator

Edwin Lefèvre: Reminiscences of a Stock Operator Annotated Edition

Bought And Paid For

Robert Scheer: The Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street
The former Editor of Ramparts takes on both parties and how they sold out to Wall Street that is even now partying and bonusing on their former mistakes.
Charles Gasparino: Bought and Paid For: The Unholy Alliance Between Barack Obama and Wall Street
How Wall Street Backed the Administration and Got What It Paid For

« World Economy Slows | Main | RIG rallies »

September 16, 2024

More Negative Stats

Monday Seept 16, 2024

Last Thursday I listed most of the negative economic articles from the WSJ that day. There are more today. The markets peaked in 1929 that September, and the calendar this month is exactly the same as then. Then the DJIA peaked Sept 3, the SPX Sept 16 (today) and the Utilities Sept 20 this Friday. Will history repeat?

Kim Strassel has a new e mail update part of which she calls by the numbers so from today's WSJ

Avg credit card rates are 21.51% up form 15% in 2019

Avg car loan rates are 82% up from 5.32% in 2019

Consumer lkenders Bread and Ally stocks are down about 15%

Credit card charge offs are up

What is happening is that inflation has lowered real wages. So consumers have to choose what to pay, food, the mortgage, or the car loan, car loans and mortgages are coming in behind food

Posted at 10:19 AM in Socionomics, Stock Market | Permalink

Comments

Verify your Comment

Previewing your Comment

Posted by: |

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:

Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

The Market Perspective

Market Commentary by Dennis Elam [email protected]

Categories

Archives