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As I have been noting, stocks appear to be in the early stages of an Elliott Wave theory ‘wave three’ down. Here is an updated chart. (For an explanation of an Elliott Wave three down, visit www.RetirementLifestyleAdvocates.com and see the “Portfolio Watch” newsletter dated September 25, 2023.) A large…
Read MoreIn the “Positions” newsletter for paid subscribers, we have been noting that stocks may be in the early stages of a classic, Elliott Wave three down. Elliott Wave theory notes that markets tend to move in waves: three waves in the primary price trend and two counter-trend waves. The chart I created…
Read MoreThere are signs that the economy is beginning to slouch toward recession. This week, we’ll look at a few of those signs and some events that will have at least some effect on the US economy. Let’s begin with the fact that inflation got hot again in August. I have been repeatedly…
Read MoreLast week, I looked at the undeniable trend that the US Dollar, due to massive currency creation and weaponization, is losing its long-time dominance globally. This week, I want to expand on that thought. Dr. Ron Paul, former presidential candidate and past guest on my RLA Radio program, wrote a piece offering his take…
Read MoreThe evidence that the US Dollar is continuing to weaken globally continues to grow by the day. “Nikkei Asia” reported that the Chinese currency has now outpaced the US Dollar in Chinese cross-border transactions. Here is an excerpt (emphasis added) (Source: https://asia.nikkei.com/Business/Markets/Currencies/Yuan-exceeds-dollar-in-China-s-bilateral-trade-for-first-time): The yuan was used in 49% of China’s cross-border transactions last quarter,…
Read MoreIn my 2011 book “Economic Consequences,” I examined the notion of unintended consequences. I offered several examples of government actions that may have been taken with good intentions (we can debate that another time) but ended up causing unpleasant, unintended consequences. A couple examples are the Americans with Disabilities Act and the Endangered…
Read MoreThere is a lot going on around the world that has the potential to change investing markets and global financial dynamics quickly and substantially. In this weekly report, I have long been discussing that we will get inflation followed by deflation, with the inflation likely leading to currency changes. When studying history, one…
Read MoreIn my books, “Economic Consequences” (2011), “New Retirement Rules” (2014, first edition), and “Revenue Sourcing” (2020), I reiterated the forecast of founding father, Thomas Jefferson, who suggested that if the American people ever allowed private banks to control the issue of the currency, the country would experience inflation, followed by deflation. Ever since…
Read MoreI have long held that the current investing environment has been artificial for more than the last decade. Higher stock and real estate prices have been fueled by currency creation and debt accumulation. It now seems we may be close to the reversal I have been forecasting. While I fully expect the Federal…
Read MoreThis week, as I was preparing my radio show and podcast, I was doing some research which led me to do some debt math, and the result was sobering. By way of background, I headed down this research path after discussing the current level of debt that exists in the United States, both at…
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