Until the past few months I've not routinely reported on monthly manufacturing data, regional or otherwise.
Commercial traders of gold futures are showing one of the most bullish conditions in years. They are usually presumed to be the "smart money", and so when commercial traders move to a lopsided net position as a group, it usually means that prices are going to be moving in their chosen direction.
Since May 22nd the markets have been taking a much needed breather and have continued to cool off into this week. While the markets have had a mild pullback, there is nothing in the data below to currently alter our bullish outlook for the market and economy.
Sitting in a restaurant in Belize City last week, I was mesmerized by television reports describing NSA whistleblower Edward Snowden. Most of the press coverage of Snowden’s leaks has dealt with the breathtaking scope of the U.S. government surveillance he revealed.
What makes the recent crisis particularly interesting is the role of the government. The U.S. government has been unequivocal in its intention to promote universal home ownership and thereby lessen inequality in the attainment of the American dream.