Search Results for: The New Supply Side

The New Supply-Side Of Housing & Landlord Nation

David Stockman tweeted the following Zero Hedge chart this morning. Clearly, a shift in the supply curve for new homes to the left. OK  – and some buying at irrational prices fueled by artificially low-interest rates and excess money.  The … Continue reading

Posted in Housing, Uncategorized | Tagged , , , , , | 21 Comments

The New “Supply-Side Economics” Fueling Asset Bubbles

No, we are not talking about President Reagan’s supply-side economics — policies to increase productivity with the goal of increasing long-term aggregate supply or output while simultaneously reducing inflation. We now have a new kind of supply-side economics, just the … Continue reading

Posted in Uncategorized | 66 Comments

The Supply Chain Gangbangers

I had a conversation last night with a friend who works in construction management. She said her side of the business is screeching to a halt as the company can’t get materials and furniture out of China.   True story. WTF?  … Continue reading

Posted in Economics, Uncategorized | Tagged , | Leave a comment

The Global Supply & Demand Shock Of The Coronavirus

Our analysis of the impact of the Coronavirus is a work in progress and nobody knows the endgame.  It is still the early days of the epidemic, and its dynamics will take time to understand. The scale of the impact … Continue reading

Posted in Black Swan Watch, China, Uncategorized | Tagged , , | 29 Comments

Housing Supply Curve – The Big Shift Left

Price up, supply down. Existing-home sales fell 1.7% to a seasonally adjusted annual pace of 5.27 million, the National Association of Realtors said Tuesday. Sales declined 2.2% compared with a year earlier, marking the 16th consecutive month of annual declines … Continue reading

Posted in Housing, Uncategorized | Tagged | 1 Comment

President Trump Is Not Your Father’s Conservative

Summary The U.S. government’s cumulative monthly deficits in the first 29 months of the Trump Administration has almost doubled from the prior 29 months The sum of monthly deficits totaled $1.08 trillion during the period Sep. ’14 to Jan ’17 … Continue reading

Posted in Budget Deficit, Charts, Uncategorized | Tagged , , | 4 Comments

Supply (lack of ) Driven Bull Market

I had an interesting conversation with an economist friend this morning about inflation and excess capacity. He sees no evidence of excess capacity in the U.S. economy, including the service sector, where he cannot find, say, a plumber for hire … Continue reading

Posted in Charts, Equities, Inflation/Deflation, Uncategorized | Tagged , , , , | 1 Comment

The 2012 Blind Side: China’s Housing Bust

As the world’s attention focuses on the death of Kim Jong Il and shorts keep piling up in the Euro,  China’s real estate bubble appears to have finally burst.   This is the one macro swan that could really smack developed … Continue reading

Posted in Black Swan Watch, China | Tagged | 2 Comments

Macro Notes from the Supply Chain

Here’s something from Digitimes that should be closely monitored: PCB suppliers see drop in 4Q11 orders Combined orders placed with Taiwan-based PCB manufacturers for the fourth quarter of 2011 are likely to slip 15% or more sequentially, according to industry … Continue reading

Posted in Apple, Economics, Technology | Tagged , , | 1 Comment

The New Gold Rush?

Rare Earth (REE) stocks,  including Molycorp,  got hammered today and we added a little to our position.  These  stocks are over extended as most are up over 100 percent in the past month. We believe this story has legs and … Continue reading

Posted in Black Swan Watch, China, Commodities, Equities, Geopolitical, Gold, Rare Earth Elements | Tagged , | 3 Comments