Author: valueplays

The Employment Picture Is Strong

The Employment Picture Is Strong

People who claim the employment situation is bad simply just aren’t looking at the data. When we worry about the 300k level of 1st time claims it is odd. When we compare that number with the # of jobless claims […]

The Inflation & Deflation Mystery….

The Inflation & Deflation Mystery….

“Davidson” submits: Inflation has always seemed a mystery to many. Milton Friedman said it is always too much money chasing too few goods. At all times, he said, inflation is a monetary phenomena. In the 1970s the thought was it […]

Crude Oil & Inflation – Is There Any Correlation?

Crude Oil & Inflation – Is There Any Correlation?

Davidson” submits: It has long been assumed that commodity prices and in particular the price of crude oil ($USO) ($OIL)drove inflation historically. Many believe today that OPEC was responsible for the massive US inflation in the 1970s. In the following […]

Does The Fed “Set Rates”?

Does The Fed “Set Rates”?

Davidson” submits: Historically it has not been the Fed who sets rates. Historically rates have been set by the market as investors adjusted their preferences for Fixed Income vs. Equities. The Fed historically adjusted the Fed Funds rates afterwards. The […]

Employment Continues to Rise

Employment Continues to Rise

Longtime readers here are not at all surprised by what we saw today in the labor report……oh, and rates ARE going up in December and that WILL be a very good thing. Look at job openings, more of this is […]

“Davidson” on Oil

“Davidson” on Oil

“Davidson” submits: n my experience (this is an experience and investment judgement thing and not a ‘math thing’) the best way to judge current energy markets and oil ($OIL) ($USO) price trends is to look long term using the $XOI […]

Housing Expansion Continues

Housing Expansion Continues

“Davidson” submits: Reported this morning were New Home sales with Monthly Supply of New Homes for Sale at 5.8mo. Couple this to last week’s NAHB HMI(Housing Market Index) and one can see that the housing sector continues to expand. For […]

Fannie Mae

Sen. Corker’s “About Face” on GSE’s

From 2013 ….. Corker-Warner bill “winds down Fannie and Freddie over 5 year period” Last week….”short the GSE’s” Finally today……a much more subdued (docile?) Corker talking “reform” and the GSE’s eventually “coming back out into the market” in a “utility” […]

Fannie Mae

Sweeney Grants Fairholme Another Win

I said the other day  I was not sure how she would rule on this. The government objected to Fairholme’s motion and Sweeney ruled today: ORDER Plaintiffs in the above-captioned case have filed a motion seeking general leave to file any and […]