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The Shape Of Things To Come?


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BEEKS! Get that OJ - um I mean - consumer confidence number out pronto!

mortimer, i'm mortified.

 

spoos busting thru 1062 fibbo... the prior two times, 11/3 & 7 it failed to close above.

 

extrapolated: 1053.72 (=/-.25) is where it would close off those two dates.

 

of course, i don't trust my own math, so...

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Where's the wage inflation? Price inflation is unsupportable without it. Come on guys tell me how it works?

It doesn't. The bond market is a ticket to safety in a deflationary world that lies beyond any temporary spurt in prices. The stock market is a ticket to a game of hot potato based on whatever liquidity can be jammed in to keep valuations where they make no sense. The gold market is a ticket to a lifeboat in a world of central bank mismanagement.

It remains to be seen whether this "recovery" proceeds on, what has been, a normal but sluggish path. Recent "touchy feely" stats seem to indicate a pickup in hiring that might be a prelude to wage growth and the end to the white collar slave trade in the U.S.

Gentlemen, start your portfolios.

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