Will they give-up their power so easily Laird? i have major doubt they would.
I do not have your faith that america can become populist via the ballot box.
Regards economic news of note, report today via Bloomberg TV was retailers have slashed their prices this week to get buyers.
This was the case in the XMAS of 2000.
Also, the 11% drop in new homes sales also included data that there was an already built but unsold inventory of 503,000 new homes.
At the present pace of new sales, and without adding any new homes, it would take 4.9 months to sell the present inventory.
I personally do not see a gradual unraveling of matters in america but instead a bit like i what happened when the little dutch boy decided to hell with putting my finger in this dike.
In this view i do not stand alone, CrossCurrent data and views that no one can predict the moment, it will hit without warning, and it will be a crash, Bernie Shaeffer sees the same.
The complaceny levels are beyond extreme,Schaufer called it complacecy times 2, and fwiw, the margin debt on NASDAQ is, as of very recently, greater than in March 2000.
Crosscurrents didn't have the most recent data from the NYSE, but based on what data they do have, they would not be at all surprised that the NYSE has now surpassed the margin debt it had in March 2000.
I remain seeing the geo-poltical situation as a large globe being balanced on the head of a SNL ConeHead that is also tap dancing at the same time:) Max.
Market Data 
Markets 
AI
