The ISM Non-Manufacturing Report on Business Purchasing Managers' Index reported its lowest reading since February 2010 today. Of particular note was the decline in new export orders. … [Read more...]
Archives for September 2016
Worthy Reads: Cash Piles at American Companies Are Shrinking
Saudi Arabia Weighs Canceling $20 Billion of Projects (Bloomberg) Cash Piles at American Companies Are Shrinking (Bloomberg) Now Companies Are Getting Paid to Borrow (WSJ) What Fed Hike? Bond Investors See Yields Barely Budging This Year (WSJ) ‘Helicopter money’ may give Fed the inflation it wants (MarketWatch) … [Read more...]
On the Road Again
I like what Sue and Dave Teich are doing. If you're looking for a place to retire, why not take your time to find the perfect spot? This is hardly roughing it. Here the Teich's daughter, Jessica interview them about their travels. For my parents, home is where they park it. Last summer, they sold the 3,500 square-foot house that both my mother and I grew up in. With downsizing and exploration in mind, they cruised right past their Baby Boomer peers and moved into a decked out Class A motor home — with two cats and a Lab mutt in tow. What started as an unconventional way to house hunt has … [Read more...]
Worthy Reads: Fed’s Lacker sees need for interest rates moving higher
Gross Says September Rate Hike Is a Go, Pimco Disagrees (Bloomberg) Putin calls on oil producers to cap output (MarketWatch) Fed’s Lacker sees need for interest rates moving higher (MarketWatch) The Idle Army: America’s Unworking Men (WSJ) Are star funds really shining? Cross-trading and performance shifting in mutual fund families (BIS) … [Read more...]
RAGE Gauge for September
The RAGE Gauge for September continues to signal High Risk. The most significant contributor to this month’s reading was the all-time record of handgun background checks for the month of August at 611,575. Gold pulled back over the last 30-days, but is still holding strong at the $1,300/troy oz. support level while the yield on the 3-month T-Bill ticked higher. Both are an indication the market is taking Federal Reserve threats of rate increases more serious. I don’t expect the Fed to rock the boat much prior to the election. … [Read more...]
Surprise: ISM Manufacturing Report Declines
The ISM Report on Manufacturing recorded a surprise decline in August. Any index value below 50 indicates a decline in manufacturing, and this month's reading was the first decline since February. … [Read more...]
YETI Coolers: Invest in Your Life
We use our Yeti cooler for our summer boating trips. This article in the WSJ on how they’re being stolen reminded me of this cool video on their website. If you're interesting in boating, read my series, How to Buy a Boat (Parts I, II, III, IV, V, and VI). John Clarke writes in The Wall Street Journal: Yeti coolers have cult status among outdoors enthusiasts who swap stories and videos online about their Yetis. Some fans call the Yeti the “Redneck Rolex.” They are also big with burglars this year, who are swiping Yeti coolers from stores, cars, boats and beaches … [Read more...]
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