Ned W Schmidt CFA's picture

Apples are, according to many nutritionists, good for us. However, one has to be sure to choose the right ones as AAPL has demonstrated in recent months. AAPL, despite the Street’s claim of working its way toward $1,000 by now, has fallen hard from the tree.

Gordon T Long's picture

Some would argue that the lack of growth and jobs has created a sense of uncertainty in America which has manifested into historically low levels of confidence and sentiment. I would argue the cause is a crumbling foundation of trust and the cause and effect the opposite.

Sheraz Mian's picture

We are just days away from closing the books on a fairly good year for the stock market. The broad consensus in the market is for the trend to continue into the New Year, giving us gains comparable to what we got in 2012. Driving this optimism is a combination of the improving domestic housing scene, a less worrisome Europe, and signs of life in the China growth story.

Jon Matonis's picture

The State's nervousness with alternative money creation extends far beyond the lookalikes and the replicas. It goes to the heart of creating a new monetary system evidenced by the targeted shut down of systems that achieve significant market adoption or present an embarrassing dilemma.

Chris Puplava's picture

A simple glance at newsstands or listening in on TV news would make it clear that the fiscal cliff is the primary public obsession of the moment. Bloomberg’s news trend, which searches for keywords and plots story counts with those keywords, shows that the fiscal cliff obsession has hit a crescendo, which unfortunately is masking what is taking place globally, a re-acceleration in economic growth.

Charles Hugh Smith's picture

The last decade's fantasy that we could borrow our way to prosperity while lowering taxes on upper-income earners (because it's so cheap to borrow trillions at near-zero interest rates) is finally running into reality-based resistance: interest on all that debt is starting to squeeze the spending everyone wants, and long-term rates might rise despite the Federal Reserve's constant intervention.

Michael Shedlock's picture

Since 2000, how much has your average hourly wage gone up? If you are in the upper crust, the answer may be staggering. If not, perhaps the following chart more closely resembles your experience.

Gary Dorsch's picture

On Dec 12th, a shadowy group of political lackeys, voted 11-1 to launch what’s popularly dubbed as “Infinity QE-4,” – the Federal Reserve’s most radical scheme ever, that’s designed to enable the US-government to continue borrowing as much as $1-trillion per year, for the next several years, if necessary, in order to finance the burgeoning US-welfare state.

John Butler's picture

In the spirit of the holidays and hope for a more prosperous 2013, I thought my readers might appreciate a little humor to partially offset the relentless doom and gloom associated with the Amphora Report.

Clif Droke's picture

Interview with Bert concerning his forecast of the coming China crisis, the global economy, the U.S. “fiscal cliff” and the likelihood of another worldwide financial crisis.