Two stories hit today that sent the Dow Jones Industrial Average soaring, ending up 339 points and almost 3%. A deal to restructure Greece’s debt was struck in Europe, and the US Bureau of Economic Analysis issued that Real GDP increased 2.5% – that’s growth from last quarter, not for the year. Here’s quarterly GDP growth...Read More

Right now Wall Street and talking heads are speculating about the possibility of a “double-dip recession.” This is semantics. The U.S. economy has been in recession for years now and has never truly recovered. A double-dip, therefore, is an impossibility. To plug the gap in GDP caused by the “financial crisis” of 2008 the US government has gone on an...Read More

When you know how “the market” works it’s much easier to predict than the weather.  That makes stormy days like today easy to see coming, which in turn makes them easier to handle and manage. Nothing has changed.  Recession isn’t a real possibility — it’s a reality.  A global currency crisis still exists, and unlike the “financial...Read More