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20 Reasons Why the U.S. Consumer is Capitulating
Today’s news about October retail sales (-2.8% relative to the previous month and now down in real terms for five months in a row) confirm what this forum has been arguing for a while, i.e. that the U.S. has entered its most severe consumer-led r
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the US equity markets reversed course
At 1:00pm ET yesterday, the US equity markets reversed course to what may soon be seen as an intermediate-term rally of several months duration. Price strength, especially at the outset, will be tested by the non-believers. This morning is likely 12
U.S. Retail Sales Commentary
U.S. retail sales declined by its biggest margin in over 11 years, falling by a massive 2.8% M/M in October, following the 1.3% M/M drop in the prior month. 12
U.S. Trade Deficit Up in September: Job Losses Mount
Yesterday, the Commerce Department reported the September deficit on trade in goods and services was $56.5 billion, down from the $59.1 billion deficit in August. The consensus forecast was $57.0 billion and my forecast was 55.2 billion 11
German Economy Now Officially in a Recession
The German economy contracted more than most analysts expected in the third quarter, entering what now appears to be its worst recession in at least 12 years as both exports and domestic spending continue to fall. 10
Germany's Recession Becomes Official
The German economy contracted more than most analysts expected in the third quarter, entering what now appears to be its worst recession in at least 12 years as both exports and domestic spending continue to fall. 9
Customer Survey: Customer Confidence Still Quite Low
With daily headlines of job losses, bank failures, government bailouts and stock market meltdowns, it should come as little surprise to learn that global sentiment is clearly in the dumps. 7
Keeping an Eye on the Dollar, Gold
One thing I’ll be watching today is to see if gold forms a double bottom at these levels and bounces higher. It would be optimal for a gap down at the open, followed by a steady stream of buying during the later a.m. session into the afternoon. W 
