Authored by Lew Rockwell via Mises Canada,
As the financial crisis of 2008 took shape, the policy recommendations were not slow in coming: why, economic stability and American prosperity demand fiscal and monetary stimulus to jump-start the sick economy back to life. And so we got fiscal stimulus, as well as a program of monetary expansion without precedent in US history.
Authored by Chris Whalen via The Institutional Risk Analyst,
The term “Greenspan Put” was coined after the stock market crash of 1987 and the subsequent bailout of Long Term Capital Management in 1998. The Fed under Chairman Alan Greenspan lowered interest rates following the fabled event of default and life continued.
Authored by Raul Ilargi Meijer via The Automatic Earth blog,
John Rubino recently posted a graph from Bob Prechter’s Elliot Wave that points to some ominous signs. It depicts the S&P 500, combined with consumer confidence and savings rate. As the accompanying video at Elliott Wave, What “Too Confident to Save” Means for Stocks, shows, when the gap between high confidence and low savings is at its widest, a market crash -often- follows.
Authored by Lance Roberts via RealInvestmentAdvice.com,
Investors aren’t paying attention.
There is an important picture that is currently developing which, if it continues, will impact earnings and ultimately the stock market. Let’s take a look at some interesting economic numbers out this past week.
The writing was on the wall two weeks ago when retail employment tumbled along with CBI-reported retail sales, but tonight's BDO High Street Sales Tracker should be the icing on the cake for any looming rate hike as like-for-like sales crashed 5.2% - describe by BDO as "the most horrific" October on record.
It was the worst month since right before Brexit in April 2016.