8/14/2025 Big trouble in China Evergrande China's  largest property developer is finally kaput.  Apparently that finally cased a domino collapse among their suppliers.  This is in contrast to China's claim of GDP growth.  But Trump is trying to fix US economic numbers in Chinese fashion, will  he get the same result? trump is going to…

4/11/2025 A Week of Chaos If oil prices fall further into the $50 range, you have the potential to bring US production down. Andy Hendricks, Economist at Patterson UTI May crude touched $55 this week recovering to around $60 today, Friday.  The percent of energy stocks in a bullish pattern fell from  70% to zero…

Monday Sept 16, 2024 Monday Sept 16, 2024 Last Thursday I listed most of the negative economic articles from the WSJ that day. There are more today.  The markets peaked in 1929 that September, and the calendar this month is exactly the same as then. Then the DJIA peaked Sept 3, the SPX Sept 16…

1/16/2024   Five million have fled four blue states in the last 10 years Meanwhile, the so-called “red states” have seen an influx, per Moore. “If you look at, for example, the states that gained the most population over the last 10 years, you're talking about obviously, Florida, Texas, South Carolina, North Carolina, Georgia, those…

10/23/2023 The Federal Reserve’s policies are threatening U.S. financial markets and the economy. They are in danger of a steep recession and the risk of a repeat of 1987’s Black Monday. Early in the pandemic, the volume of U.S. dollars in circulation soared. For two years starting in March 2020, the M2 money supply—a measure…

How Did you Go Bankrupt? Gradually, then suddenly The Sun Also Rises Hemingway This column has been discussing the emerging bear market which topped in late 2021. The first leg down ended Fall 2022 and the second leg up ended late July-August 2023.  The third leg down is beginning. Those are conclusions from chart patterns…

Weekend Nov 13, 2021 The SEC has appointed four new members to the PCAOB. The WSJ version is more complete. But I don't know if the link will work without a subscription.  

Friday Oct 8 2021 We Were Energy Independent The winter is predicted to be 1% colder than last winter. A mere four inch snowfall crashed the grid here in San Antonio last winter. Natural gas prices are already at $5. Team Biden is doing everything to prevent US energy independence. Pipelines have been cancelled, drilling…

Thursday August 5 2021 Tom McClellan explains why exceeding the 18% tax rate is a bad idea for stocks