• Featured Story

    housing recovery

    The seasonally adjusted headline number for the monthly-error-times-12-annualized version of new home sales in June was 482,000.

    Wall Street analysts had guessed that the number would be 550,000. The Wall Street Journal went into apoplectic excuse-making mode, almost foaming at the mouth to try to find pundits to explain away the bad number.

    The whole spectacle was silly and pointless since we have actual data and can readily see whether sales remain on trend or not. We don't need Wall Street pundits to tell us what to think.

    We can see for ourselves...

Article Index

US Economy

U.S. Debt: Greece Is Not the Only Country with a Debt Problem

U.S. Debt

Policymakers need to start being more honest about how the U.S. debt works.

It's an age-old debate among the members of Congress. How do we cut the budget? How do we reduce the debt?

But that debate is being framed in the wrong way.

U.S. Financial War with Iran to Trigger Dollar Collapse

Dow Jones futures today

The U.S. is waging a dangerous financial war with Iran right now.

And if it's not managed carefully, it could embolden the dollar's enemies to mount a counterattack on the U.S. currency.

Such a move could destroy the U.S. dollar as we know it...

U.S. Company Layoffs in 2015 Up 13% Year Over Year

U.S. company layoffs

U.S. company layoffs are up 13% in 2015 from the year before.

U.S.-based employers announced a whopping 41,034 job cuts last month.

Check out this list of employers that are slashing scary high amounts of jobs from their payrolls...

Catalyst #2: Will the Petrodollar Collapse in 2015?

stock market crash

Will the U.S. petrodollar collapse in 2015? If the world’s largest energy exporter and the world’s largest energy importer have their way, it may.

Watch the video to see how two countries are working to take down the U.S. petrodollar…

The Chinese and U.S. Economies Are Bubble-Thin

us economy

The Shanghai Composite Index soared by 8% last week to its highest level since 2008 and is up about 130% over the last year.

The Shenzhen Composite Index jumped by 12% last week and is up 166% over the same period and is now trading at 66x earnings according to Bloomberg, three times the level of the Shanghai Index.

How do you spell "bubble" in Chinese?

Full story here...

Jobs Report Turns Tables on Traditional Retail Havens

july-jobs-report

The lower than expected jobs numbers that the Bureau of Labor Statistics released last week could signal a trend more disturbing than a potential rise in unemployment.

Find out why.

From Complexity to Chaos, From a Trickle to a Flood

bear-market

As a volatility trader, I loved seeing stocks drop 2% last week after having risen 3%. But as a credit trader and student of market behavior, I know all too well that this type of volatility is a forecast of stormy seas ahead.

Markets were disturbed last week by more evidence that the economy is weak, in spite of the fact that a steady stream of lousy economic news this year has done little to prevent stocks from reaching new highs.

With first quarter GDP increasingly likely to come in at well below 1% - a number that certainly can't be blamed on the weather alone - investors are now starting to sweat. Here's what they'll do next...

Earn 6% When Others Are Losing Money

Money

We're living in crazy economic times.

The race to debase and stimulate has taken us into uncharted financial waters.

Zero interest rate policies (ZIRP) are being replaced with negative interest rate policies (NIRP).

It's an upside-down banking environment that presents some serious challenges.

But investors who are willing to get just a little creative can profit nicely, even as others lose money that just sits there.

And, even better, the shares are trading at an 8% discount now...

In This Market, Don't Drink the Kool-Aid

bear-market

Stocks hit new records last week as central banks around the world continued writing checks to prop up still struggling economies, the price of oil stabilized, Vladimir Putin lured the West into a phony truce in the Ukraine, and Athens and the EU tried to pretend that Greece isn't hopelessly insolvent or that it even matters if it is or isn't.

In other words, investors were once again all too willing to ignore economic reality and drink the Kool Aid being served by central bankers and politicians.

We might as well call this the "Jonestown Market" because the cult leader Jim Jones could just as easily be handing out paper cups filled with colored water and investors would be swilling it down...

Stock Market Today Moving on Keystone XL and Greece Bailout News

stock market today

Good Morning! Futures for the stock market today (Tuesday) forecast a 91-point increase for the Dow from yesterday's close.

What to Watch Today: Investors will keep their eyes on numerous earnings reports, and the continued drama in Greece. Yesterday, Greece's Prime Minister Alexis Tsipras said his nation will not consider any extension of its bailout terms.

Here's what else you should know about the stock market today - including your "Money Morning Tip of the Day" - to make it a profitable Tuesday:

January Jobs Report Doesn't Mean What Washington Says It Does

January jobs report

The January jobs report seemed like good news.

The U.S. Labor Department said 257,000 jobs were added to the economy. That easily beat the 230,000 numbers analysts had expected.

And yet unemployment ticked up to 5.7% from 5.6%. Money Morning Chief Investment Strategist Keith Fitz-Gerald sees the conflicting data in the jobs report as more proof the recovery is not the success President Barack Obama claims.

In this video, Fitz-Gerald discusses what the funny numbers from the January jobs report mean for the U.S. economy...

What a Strong U.S. Dollar in 2015 Means

20141013-rising-us-dollar-index

Since 2008 the U.S. dollar has risen against every important currency in the world.

Its steady ascent has been good for a lot of companies, economies, and investors. 

But, if the trend continues, a strong U.S. dollar in 2015 will be bad news for some of those same companies, economies, and investors. Worse, it could trigger a global markets meltdown...

2015 Layoffs Blow the Cover Off the Job "Recovery"

U.S. layoffs

Just over a month into the new year, and the 2015 layoffs are already mounting.

What gives? The economy is recovering. The unemployment rate rests at a six-year low of 5.6%. And sinking gas prices have stoked consumer confidence.

The job cuts are evidence that the touted job recovery has been artificially inflated.

Here's a look at 12 recent job cuts across several sectors and what's behind them...

The Rushing Bear Market and How to Prepare

bear-trap

Oil prices plunged to their lowest prices in five years last week after the International Energy Agency (IEA) downgraded its forecast for global oil demand for the fifth time in six months.

The IEA report told markets that global growth will remain weak in 2015, triggering an across-the-board sell-off in stocks and junk bonds on Friday that left the major indices with some of their worst percentage losses in three years.

Unfortunately, stocks are still trading within a few percentage points of record highs reached only a week ago and remain severely overvalued in the context of seriously deteriorating economic fundamentals.

Investors that were complacently expecting stocks to melt up to "Dow 18,000" and "S&P 2,100" by year-end are now facing a the much grimmer reality of a correction and even the potential of a bear market in 2015.

What the Economic Numbers are Really Telling Us

stock market correction

Peaking along with retail sales are the economic numbers that abound in the final weeks of each calendar year.

The year closing out and the year ahead are sending off their last and first indicators, respectively, of the state of the economy.

Adrift in the year-end deluge are the true signs of economic health...

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