Despite Record Surge In Subprime Car Loan Originations, US Household Debt Dropped In Q2: First Since COVID

Hindenburg Alarm: Another Rotation Or Worse? Via RealInvestmentAdvice.com, In early November, we sounded the alarm about a recent Hindenburg Omen. Per the Commentary’s summary: Bottom line: market breadth is horrendous and will likely lead to a rotation favoring out-of-favor sectors and stocks. Thus, it’s not surprising that the Hindenburg Omen was triggered. If we continue to see more of these Omens, the threat of a drawdown grows. At the time, Mega-Cap stocks were grossly outperforming the market, while many sectors lagged the market. Since that Hindenburg Alarm, our expectations have come to fruition. We have, in fact,...

The US Economy In A Nutshell: Privatize The Gains, Socialize The Costs Authored by Charles Hugh Smith via OfTwoMinds blog, Correspondent Simons Chase insightfully summarized this dynamic: Privatize the Gains, Socialize the Costs. In my post Five Dynamics That Make Sense of an Increasingly Chaotic World, #3 is the distribution of risk, costs and consequences to a diffused populace while concentrating the gains into the pockets of insiders/owners: Those seeking to reduce their private risks and increase their private gains seek to concentrate the gains generated by control structures and distribute the risks and costs to...

American Benevolence During World Cup Erases Anti-American Propaganda Authored by Armando Simon via AmericanThinker.com, The World Cup, as everyone knows by now, has been taking place across several cities in stadiums that have surprised foreign visitors by being gigantic and air-conditioned. As usual, fans have been having a lot of fun. Many of the visitors have come to the United States for the first time. Social media has been filled with countless postings from visitors relating their experiences in this country. Overwhelmingly, they are blown away by the abundance of food, both in restaurants...