Oct
31
2011
An October 27 article identifies 5 upcoming events that it claims to be ‘Investment Critical’. These are:
- A U.S. Federal Reserve meeting to be held this tomorrow and Wednesday, November 1 and 2;
- a G-20 meeting to be held Thursday and Friday, November 3 and 4;
- a Eurozone Finance Ministers meeting scheduled to be held Monday and Tuesday, November 7 and 8;
- The release, scheduled November 16, of the U.S. Treasury International Capital September, 2011 data. This report will show the purchases and sales of U.S. securities by foreign investors (including foreign institutions) for September; and,
- the November 23 U.S. Congressinal ‘Super Committee’ deadline for achieving U.S.$1.5 trillion in go-forward spending cuts.
I will watch for each of these things, and will comment on them in my daily e-mail if I think it useful to do that.
The article, titled ‘Profitably Positioning for Five Impending Investment-Critical Events’ – reading time 4 minutes – expands on each of said 5 events. It also provides a summary of why the author thinks that (1) the ongoing Eurozone issues are a harbinger of things facing the U.S., and that (2) the resolution at the Euro summit last week will provide only a temporary and insufficient solution to the Eurozone’s sovereign debt and banking problems.
I certainly agree with the author with respect to his first point, and from what I have read so far likewise agree with him on this second point – although I would be somewhat stronger and say that its seems to me what happened in the Eurozone last week was a postponement, not a ‘resolution’. From my perspective, the only way to get ride of excess debt if you don’t have a capability to ‘print fiat currency’ is either to pay down that excess debt or default on it. In the case of a country able to print fiat currency there is always a ‘printing option’ with attendant consequences to the ‘printer’.
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Oct
31
2011
An article on October 28 titled ‘The Spending-Income Shortfall’ – reading time 1 minute – reported that in September U.S. personal disposable after-tax income increased by 0.2% year/year, while at the same time inflation adjusted consumer spending increased by 2.2% year/year.
As I see things, this has to mean that at least in the month of September, on average U.S. consumers relied on their savings to support their lifestyles. One month is not a statistically valid indicator of anything. That said, this is a statistic I think worth watching going forward. This is because continued use of savings by U.S. consumers to support lifestyle simply has to be unsustainable. If U.S. personal disposable after-tax income is not equal to or greater than inflation adjusted consumer spending, U.S. Main Street lifestyles have to erode. I suspect that has been happening for some time. I also suspect that in the end the consequences of ‘people living less well’ does not auger well in societal terms – see following commentary.
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Oct
31
2011
An article Saturday titled ‘Denver Police Fire Rubber Bullets On ‘Occupy Denver’ Protesters’ – reading time 1 minute with two accompanying short videos – reports that on Saturday Denver, Colorado police fired rubber bullets on a crowd of up to 2,000 ‘marching the steps’ of the Colorado Capitol building. Seven people are reported to have been arrested.
It seems to me the message in this is simple: Peaceful protests can be sparked to violence. This can happen for any number of reasons including bad behavior on the part of individual crowd members, or overzealous reaction by police or militia. The problem as I see it is that a fire can be started with a single match.
I have said previously in these e-mails when referring to the financial markets that the ‘markets point-in-time perceptions’ have to be the reality of the financial markets observer, irrespective of whether he or she agrees with those perceptions. That same relationship extends to all aspects of life. The perception of Main Street America is that it has been ‘done in’ by Wall Street and the American Political System – at least that is how it seems to me from 20,000 feet. Because I don’t see the Main Street American’s circumstance improving – in fact I see it deteriorating around me as I visit U.S. cities and towns – I see protests increasing in number and becoming ‘less peaceful’ over time.
You might also want to see ‘Did Oakland Police Intentionally Shoot Marine Vet Scott Olsen In The Head’ – viewing time 2.5 minutes. I am not sure the video proves much, but there can be little question that the crowd’s perception – and Main Street America’s perception – of such an event potentially could shape and influence the behavior of other protestors at other protests. The Internet is a fabulous tool in many respects, but the resultant ability of anyone and everyone to disseminate information and video footage, and organize groups for better or worse, makes the world a changed place.
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Oct
28
2011
Yesterday, following the conversion of StockResearchPortal.com to a Paid Content website, we were asked:
- After December 16 what part of your site will be free and what part will be by subscription only?; and,
- After December 16, will the E-mail Commentaries (such as this one) be ‘Free’ or ‘Paid Content’?
Answers – after December 16:
With respect to Website Research Content, everything that you need to log into the site to review will be ‘Paid Content’;
Our daily (1) Stock Alerts E-mails, (2) ‘Companies Worth Watching’ e-mails, and (3) these ‘Commentaries’ e-mails all will be ‘Paid Content’.
If you have further questions or comments with respect to our website conversion, please write to us at info@stockresearchportal.com.
Visit Stock Research Portal for stock market data, analysis, and research on over 1,600 Mining, Oil and Gas Companies listed on the Toronto and Venture Exchanges. See our Legal Disclaimer.
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