Some days are turn over and go back to sleep days and this Monday was not one of them. The Japanese stock market was already reeling as we pointed out last week, but Monday saw the Nikkei average decline over 12%. The world quickly joined them. Ether was down 26%, Nvidia was down over 15%, …
Looking Backwards … LB #1 This last week was dramatic as we have seen earnings reports, jobs reports, and even the Fed rate decision on Wednesday which seems a month ago despite only being three days ago. We go to Nick Timiraos and Paul Kiernan writing for the Wall Street Journal “The script is being …
This week is going to be an eventful week of earnings, Fed talk, jobs reports and can likely set the stage for lots of volatility for the next few weeks which leaves me just enough time to discuss a topic that I have wanted to for a couple months now, but something more timely seemed …
Looking Backwards … LB #1 Competition is a good thing, it brings out the best in us, but what happens if the best isn’t in us anymore. What if others are simply much much better. That is the predicament American businesses are finding themselves in as we are trying to onshore manufacturing led by Joe …
“Everything you say should be true, but not everything true should be said.” Voltaire In the span of two weekends the political election of 2024 has carved itself into the record book. We have an assassination attempt on Trump and then the next weekend, Biden bows out of the race with a letter while having …
Looking Backwards … LB #1 Friday morning the world woke up to the true depth of Microsoft dependence. It turns out Crowdstrike, a third party vendor, rolled out an update on the Microsoft platform and it crashed the Microsoft platform, worldwide for hours. Flights were cancelled, skies were empty, traders couldn’t trade, acres of cubicles …
“History never repeats itself. Man always does.” Voltaire Seldom have I been as surprised as I was in the late 1990’s when the stock market went up every day. If it snowed it was because of the snow and if it was sunny the sunshine lifts traders spirits so they must be buying because of …
Looking Backwards … LB #1 If we looked at the three branches of American government (executive, legislative, and judicial) and count all the stories written about each one I would be very surprised if the judicial wasn’t last, and last by an order of magnitude. Biden has all the headlines now as he tries to …
I can’t take the credit for today because today’s focus is on a website called wtfhappenedin1971.com. That is a good question and one we are going to try and answer with the help of some good data and some sense of history. I will do my best to describe the excellent visual representations of data …
Looking Backwards … LB #1 About ten days ago in the beach town of Sevastopol, Crimea sun worshippers were catching some rays on their beach loungers before a mysterious thing happened. This from ZeroHedge, “Unbelievable new footage has emerged of the Sunday Ukrainian missile strike on a busy Sevastopol, Crimea beach as tourists were lounging …