About 10 days ago my short-term stock market indicator for the SP500 tripped a “Sell” signal. I sold and moved by meager holdings into cash. At this writing on 8/15/2019, before the markets are open, my long-term indicator on the SP500 is within 1.75 percent of a sell signal. By themselves, these signals do not alert me to anything more than “get smart and get out.” So far, so good. But the interest rate yield curve also inverted a day or two ago, and that is another indicator of a recession. Meanwhile, the index of leading economic indicators is trending down, and so is the index that measures how much of our productive capacity is being utilized. Together, with world markets in turmoil, they all are pointing toward a recession sometime in the next 6 to 10 months.
Recessions are inevitable. None are welcome, but if they must occur, why not have one arrive that also does some good for everyone? Think of June 2020. The U.S. election cycle will be heating up. Is it also written in the stars and the Book of Wisdom that the U.S. economy will tank about then? Trump has been trying to take credit for our booming economy—ever since it was handed to him on a silver platter by his nemesis, Barack Obama. He doesn’t have the integrity to take the fall along with the economy. But all the hackers and all the script writers in Russia would not be able to help him get past that catchy slogan “It’s the economy, stupid!”
Major League ballplayer Justin Moore is kidnapped from his own ballpark and transported to a foreign land. It might take high-level international negotiations to free him. Or maybe he will take matters into his own hands.
Hearts of Gold
Synopsis
by
Frank P. Whyte
Portland, Oregon is known as the City of Roses. Of course that’s an odd name for a city whose mere mention conjures images of driving winds and torrential ra
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