{"id":440,"date":"2010-06-15T12:12:00","date_gmt":"2010-06-15T16:12:00","guid":{"rendered":"http:\/\/www.intuitiveinvestor.com\/web\/?p=440"},"modified":"2018-08-18T17:48:51","modified_gmt":"2018-08-18T21:48:51","slug":"data-supports-blog-prediction","status":"publish","type":"post","link":"https:\/\/jasonapollovoss.com\/web\/2010\/06\/15\/data-supports-blog-prediction\/","title":{"rendered":"Data supports blog prediction"},"content":{"rendered":"

Bloomberg<\/span> is reporting this morning that demand for long-term U.S. financial assets surged in March and April.\u00a0 Recall that I predicted this would happen because of the turmoil in Europe, as well as the fact that the U.S. economy is strengthening.\u00a0 In March the net buying of U.S. financial assets was a staggering $140.5 billion, and in April it was a more modest, but still impressive, $83 billion.<\/span><\/p>\n

I consider this a great time to be buying U.S. financial assets, especially stocks.\u00a0 The shocks that led to the stock markets falling precipitously in May were mostly due to political events.<\/span><\/p>\n

Yes, there was a chance that the collapse of the Greek economy would spread like a contagion throughout the world.\u00a0 But the EU finally addressed long-standing structural problems with its charter to help quell the viral spread of Greek dumbness.\u00a0 This was a good, ne<\/span> great, thing.<\/span><\/p>\n

We also had North vs. South Korea bubbling.\u00a0 With South Korea having plead its case to the UN Security Council yesterday, and the international community’s response not even approaching a breeze, we can say that crisis has abated.<\/span><\/p>\n

The other big crisis was Turkey vs. Israel that roiled investors’ fears.\u00a0 However, Turkey has demonstrated that it is content with bluster, rather than military muster.\u00a0 That crisis is still warm, but far, far from hot.<\/span><\/p>\n

U.S. consumers scaled back retail buying last month, but who could blame them when the stock market was doing stupid and scary things?\u00a0 That too has abated.\u00a0 Still, my intuitive read of the situation is that the average U.S. citizen is feeling a bit queasy.\u00a0 They seem to be deeply insecure about their lives and especially about the institutions that have served as the backbone of U.S. power for most of the last 90 years.\u00a0 The government is clearly inept and probably even a bit corrupt (witness the response to the oil spill); businesses continue to screw their customers and employees while recording large profit increases;\u00a0U.S. businesses are not hiring American workers; and those same U.S. businesses have not come up with a meaningful innovation in 5 years (what beyond the Internet, 3G cellphones, and flat panel TVs is there?).\u00a0 Ugh.\u00a0 But…<\/span><\/p>\n

All of this U.S. malaise is still better than the ROW malaise.\u00a0 The Rest Of the World is not nearly as far along as the U.S.\u00a0 And that’s why capital will continue to flow here and continue to buoy our financial markets.\u00a0 The data today bear that out.<\/span><\/p>\n

Jason<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Bloomberg is reporting this morning that demand for long-term U.S. financial assets surged in March and April.\u00a0 Recall that I predicted this would happen because of the turmoil in Europe, as well as the fact that the U.S. economy is strengthening.\u00a0 In March the net buying of U.S. financial assets was a staggering $140.5 billion, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3,15],"tags":[],"class_list":["post-440","post","type-post","status-publish","format-standard","hentry","category-the-blog","category-predictions"],"_links":{"self":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/comments?post=440"}],"version-history":[{"count":0,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/440\/revisions"}],"wp:attachment":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/media?parent=440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/categories?post=440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/tags?post=440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}