Not as much reading this week. Most of the posts are brief except for the last one. Here we go…
Many analysts in the mainstream press are citing the incredible performance of leading economic indicators as a basis for renewed bullishness in the markets. This is a common mistaken interpretation of these indicators as evidenced by this brief post at businessinsider.com. The correct interpretation is counter-intuitive so don’t be deceived by the conventional wisdom because the statistics are unequivocally bearish.
It’s tough to get a robust recovery without expansion in consumer credit as this brief post from CalculatedRisk points out. 11 straight months of declines while the stock market soared into overvaluation territory is not the confirming indicator the bulls would like to see – divergence is a more accurate description.
When you read this post from Pragmatic Capitalist discussing how fiscal and monetary policy relate to rising interest rates and declining equity values make sure you finish to the end for a great closing line. I love the comment acknowledging that some investors may wish to continue dancing on the edge of a volcano. I think that says it well.
This final post has nothing to do with any of the usual financial issues but is relevant because health is wealth. I was greatly influenced by a book from my college days called “Body Electric” by Becker. It discussed the electrical and energy basis underlying much of our health and was an early introduction into research connecting electromagnetic pollution to cancer and other health problems increasingly prominent today. While the book is somewhat dated now the concepts are becoming increasingly relevant to our health as evidenced by this post discussing the health concerns from the unseen, electromagnetic soup our bodies swim in every day.
Uplifting stuff, eh?
Have a great weekend and enjoy the reading.
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