Multi-Crisis Environment And The Market. What You Should Be Aware Of.
From Greg M
Lions.
Yesterday, Friday, the S&P500 did hold and close above a critical level. This is good however, it does not mean we are out of the woods. Institutions did start to offload positions, are they done? That is the question.
I expect that the economic news will continue to worsen which raises the possibility the the Fed will cut rates. This is good for the market, and bad for the economy/purchasing power of the currency.
THE only thing keeping this market propped up, and I mean PROPPED UP, has been easy money/oceans of debt. Make no mistake, we are in a multi-crisis situation. We are in a full blown currency crisis, henceforth why we are seeing inflation JUST BEGINNING, a debt crisis, henceforth why this Mar-a-Lago Accord debt restructuring 100-year no coupon thing is being floated out, and a rapidly worsening liquidity crisis.
With that, I have done a new breakdown of the price action of the S&P500 for you and I have posted this to my website.
If you are interested in seeing it, click HERE. Pay attention to my conclusion at the end.
GM
I told my wife this morning "I'm going to be me!", and cracked a beer at 7:45 am. I just about got beat with a frying pan. Thx Greg!
I have a question for all the Lions here:
Do you think it would be untoward for the American Taxpayer to know what their defense costs?
For instance, when we purchase a fighter jet from say Lockheed/Martin or Boeing for $100 million
1) what does it cost to produce, including R&D, returns, allowances, overhead and administration;
2) what is the profit margin on each item
3) was it obtained through a competitive bid, if not why not
I would like this information available on everything from a 5.56mm round to a B-2 Bomber and further I think defense contractors are entitled to earn a profit but a reasonable profit
Now does my request constitute a command economy or socialism, we are spending taxpayer dollars here so accountability is important
Your thoughts please