Financial Review

War on Drugs Again Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…..China trade deal. GE like Nafta. CPI up. Inventories down. Consumer sentiment: bad now but it’ll get better. Consumers consuming, but not at JC Penney. Amazon is the 800 pound gorilla. Wells Fargo, worse than we thought. Worldwide cyber-attack. Do not click. Jeff Session declares war on drugs, again.   Financial Review by Sinclair Noe for 05-12-2017


Monday, August 12, 2013 – The End of Mandatory Draconian Punishment

The End of Mandatory Draconian Punishment by Sinclair Noe DOW – 5 = 15,419SPX – 1 = 1689NAS + 9 = 366910 YR YLD + .02 = 2.60%OIL+ .19 = 106.16GOLD + 22.60 = 1338.30SILV + .87 = 21.53 This week’s economic calendar includes retails sales reports tomorrow, plus a look at inflation on the wholesale level tomorrow, and inflation at the retail level on Wednesday; also reports from the Philly Fed, plus a look at industrial production, housing starts, and consumer sentiment. The over-riding question is whether the economy is seriously showing strength or if we are just grinding along. Most of the expectations for this week’s data suggest more of the same old, same old. It’s doubtful we will see anything that could sway the Federal Reserve to change policy, and that means the stock and bond markets may have gotten ahead of themselves in pricing in an improving economy. The Treasury Department reported this morning that the US government spent $98 billion more than it took in last month, with the deficit driven by spending on healthcare programs, pensions for the elderly and the military. So far in the current fiscal year, which began in October, the federal government has run $607 billion into the red, a narrowing from the $974 billion deficit chalked up in the same 10 months of fiscal year 2012. A major change today from the Justice Department; Attorney General Eric Holder is calling for sweeping and systemic changes to the American judicial …