Declining profits

Alhambra Investments  talking the decline in production surplus.


Interest charges kept rising for three years, actually, how cycles repeat is amazing. The revisions tend to iron out the cycles and the residual contains a downward trend in the production surplus. Profits is what Alhambra looks at, the three color view.
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t is almost to predictable to be called a recession, instead variance shifting  the monetary regime change bets. Gold is rising, evidence that traders are betting Congress capitulates.

There is possibility of us getting a lot of this right, doing a better Nixon. All we need is the Nixon process, a  15 years trading pit, where the New Fed dumps the debt costs for a lot of wasted spending in the Swamp. A pit that stabilizes three compressed colors, making white.