We have already presented strong quantitative arguments against the Solow growth model, which presumes that the rate of change in real GDP per capita must approach some constant level. In developed countries, the annual increments of real GDP per capit…
We have been reporting on the trade-off between the producer price index of crude oil (domestic production) and the PPI of iron&steel since 2009. It has been always a linear and lagged link between them. Our previous update included PPI data throug…
For those who missed today’s market action and just looked at the post-mortem reports, today probably looked like just another in a series of uneventful days. For those who were paying attention to the likes of the VIX futures and ETPs based on VIX f…
This one wasn’t as easy to see as the others (may have yet to be valid too, since its still forming as I write). The W is a bearish crab, the white dash. The yellow is a bearish 3 drives pattern with .127 fib on the first dip and .161 on th…
Another lie from Putin is that Russia was very successful during the last crisis and has recovered to the healthy pace of growth. And we know the name of the hero who led us though these dark years. Unfortunately for Russia, it had hardest…
You think its going one way and then it fails to pass a certain fib level and another pattern emerges, making the previous one invalid. M was the white pattern, W the smaller yellow. W still valid, target 2.465, b/o then 2.476. If it doesn’t brea…
One of the biggest lies from Putin is that he has pulled out the Russian economy from ruins and given it a big push. It is not true because the evolution of real GDP per capita in Russia follows the same path since 1998, i.e. the push to the ec…
There are several major agencies reporting various measures of personal income. The Census Bureau, CB, measures personal incomes in household surveys (CPS ASEC) at an annual rate. This measure is called Money Income, MI, and includes various types of p…
One of the more interesting developments of 2012 has been to watch the diminution of the strident bearish narrative that has been focused largely on the collision course between a preponderance of debt and low or negative growth. The bullish beginning …
One of the more interesting developments of 2012 has been to watch the diminution of the strident bearish narrative that has been focused largely on the collision course between a preponderance of debt and low or negative growth. The bullish beginning …
