The most dangerous people are those with power who are not as smart as they think they are. Particularly dangerous are those who think they have the answer to our problems, but unfortunately are not smart enough to realize that they have no clue. Read More
In a two-part conversation, TrimTabs’ Charles Biderman and Jim Bianco discuss a variety of topics, including the sequester’s over-blown impact and a risk-less stock market created by the government’s never ending quantitative easing. Click Here to see the videos’ talking points.
What I heard from the President’s State of the Union address was that he believes that the US government can successfully and efficiently and effectively solve our problems. What President Obama and his backers do not seem to understand is that big government is, in fact, the problem, not the solution. Read More
There’s been a lot of talk about the Federal Reserve rigging the stock market. If you’ve been wondering, as I have, how it is being done, here’s some terrific insight from our own David Santschi. David wrote in this week’s TrimTabs Weekly Liquidity Review, “The Fed is exchanging about $4 billion in newly created money every business day for various types of bonds. All else being equal, the Fed’s bond buying puts more money in investors’ hands to buy other assets, including stocks.” Read More
The Obama administration is the epitome of arrogance gone wrong. Yes, over the past two hundred years the US economy has been the most successful ever in the history of the world. Therefore, since the Obama Administration believes that our past results guarantee a great future. So he and his supporters are out there shilling that worrying about deficits is dumb. Just give the Obama administration all the spending authority it wants and not only will the poor and downtrodden rise up, but the overall economy will soar as it always has. And all will be good. Read More
The Federal Reserve has now admitted that five years ago, just days before the start of the financial meltdown, Mr. Bernanke and others at the Fed did not have a clue as to the impending financial disaster. Now contrast that with the results of an astonishing poll by a Chartered Financial Analyst Institute publication that 59% of investors now believe that because of what’s happened during the last five years: central banks and governments will be there to bail out troubled creditors. Read More
As we start the second half of January, this is a particularly good time to check out what real time data on flows and income has been telling us about the first half of this month. What has caught the attention of the media and markets is that a huge amount of money has gone into stocks since the beginning of the new year. TrimTabs Investment Research says that an amazing $39 billion has been invested in US and Global equity mutual as well exchange traded funds during the first ten trading days of January.
Jim Bianco talks about Fed and Obama Administrations goals to keep stock prices levitated so they can keep spending what they want to spend. Also, what Jim and Charles likely and unlikely black swan events that will end the stock and bond market bull run.
I was on CNBC today with Rick Santelli and after being cut short by breaking news, what I didn’t get to say is that there is a global economic downturn ahead. Not a recovery, not even a slow recovery, but a US and global downturn. Read More
Here we are two weeks to year end. Before I can make any kind of prediction about the economy and the stock market in 2013 I need to know the results, if any, of the fiscal cliff battle that is going on in Washington. I do know enough to predict that whatever happens will, at worst, mean an immediate recession in 2013, or, at best, much slower growth. And that, to put it mildly, will not be good for the stock market. Read More