Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...


...If the dots don't connect, gather more dots until they do...or, just follow the $$$...




* Wed. May 23 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Mon. May 28 ~ U.S. markets closed for Memorial Day Holiday
* Wed. May 30 @ 2:00 pm ET ~ Beige Book Report
* Fri. June 1 @ 8:30 am ET ~ Employment Data
* Tues. June 12 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Wed. June 13 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference
* Tues. July 3 ~ U.S. markets close early at 1:00 pm ET
* Wed. July 4 ~ U.S. markets closed for Independence Day Holiday
* Wed. Aug. 1 @ 2:00 pm ET ~ FOMC Announcement
* Mon. Sept. 3 ~ U.S. markets closed for Labour Day Holiday
*** Click here for link to Economic Calendars for all upcoming events

* JCPOA - Will President Trump recertify the JCPOA on May 12?...stay tuned...May 8 the answer is "No"...US pariticipation in the deal
is scrapped...new sanctions coming for Iran and, possibly, for nations supporting Iran.

Wednesday, October 05, 2011

Do you base your spending habits on GDP forecasts?

I saw that headline question pre-market today on Canada's BNN TV...unfortunately, I didn't get to watch the answers that the "man/woman in the street" gave.

Really, is there any doubt? Doesn't it go something like this?...a balanced budget = personal income divided by personal outgoings with, hopefully, something left over to put into savings for retirement and future inflation. And, since I don't have the luxury of my own personal money printing press, I can't fabricate what I haven't legitimately earned to cover expenses. So, NO is my answer, if I were polled.

With bank interest rates pretty much non-existent these days, and the fact that personal debt-to-income ratio has skyrocketed to extremely excessive amounts for many Americans over the past few years, I don't see how the country's economy can legitimately grow (from domestic demand) without the printing of additional money. What people are faced with, in reality, is trying to pay off debts and survive at the same time. The same comments apply to the world economies...a slowdown in growth = a slowdown in demand for U.S. products/services (as well as for domestic products/services).