New Posting PI = PS + CS + GS

I posted a new note on Facebook about how Private Investment must equal the sum of private, corporate and government savings. The catch is that government savings is potentially headed to the negative one trillion dollar mark. More importantly, the savings will largely be spent on the "wrong" goods.


To read more, visit my Facebook page. If you would like a special invitation to join Facebook, send an email to jack.miller@gmail.com. The many charts and the comments made by Bob Dodd and Al Miles are a bonus.


Jack

The Move Continues

Here is a link to a chart posted on Facebook. http://www.facebook.com/photo.php?pid=1180475&l=b0f02&id=777298257


If you would like an invitation to join Facebook, send me an email at jack.miller@gmail.com.


Jack

More Economic Charts

Last night, I posted several more economic charts to my Facebook wall. Here is a link to one of them.


http://www.facebook.com/photo.php?pid=1179585&l=69f3a&id=777298257



If you would like an invitation to view my facebook wall, please send an email to jack.miller@gmail.com. Thanks.


Jack

Housing Turned 7 Years Ago?

This morning, I posted a chart to my facebook wall that shows the turn in UK home mortgages that occurred about 7 years ago! The spreads between US government paper and Euro paper are falling again. Lower prices and the lower cost of money have once again made UK homes very affordable. The good folk who produced the chart, Oracle.com, predict another 15 months of recession in the home building industry. The estimate could be accurate even while trillions of dollars worth of excess supply is scooped up at low prices. At least one of my poker buddies believes there is no money available to buy real estate if one wanted. The numbers for the Saint Louis Federal Reserve tell a different story. Loan production in the USA is currently running at about 10% above last year! Those with the wherewithal to buy are quietly buying trillions of dollars worth.


You can access my facebook wall free of charge. If you would like a direct invitation to join facebook, send a request to jack.miller@gmail.com.

Dramatic Loan Growth

I posted a couple more charts this morning showing the dramatic loan growth that is taking place. One part of the business loan growth involves corporate bond redemptions. If a company can borrow at prime + to save 20+ then why not? As the charts show, corporate loan demand does not tend to drop off after recessions until after there has been a massive rally in corporate bonds.

It is surprising to see such strength in consumer and real estate lending. The "news story" does not fit the data.

The reason the congress is in such a rush to pass an economic stimulus package is to be able to take credit for the economic recovery that is on the way.

By the way, welcome to Bob Dodd and Al Miles to Facebook. I suspect Al, in particular, will post a lot of "stuff".

CAL up 178% in 6 months

People will tell you that airlines are economically sensitive; they are right. The good news is that CAL has gone up during the recession, just like the price of oil went up during the 2000 recession. Like they say, buy relative strength. Those who bought oil at $12 per barrel in 1999 made out like bandits, as did those who saw the trend and hopped on board by 2002 at $20 per barrel.

By the way, while only about 12 of my regular readers have joined me in the "rich media" environment of Facebook, I am confident that many others will join soon. The Star Trek era has arrived! We can't transport ourselves as fully as Captain Kirk, but we certainly can add dimension beyond the flatness of email.

I just read "The Last Lecture" by Randy Pausch; the Carnegie Mellon Professor, Father of Three, who lived life to the fullest, even after contracting terminal cancer. I saw the video late in 2007, but procrastinated on reading the book because I knew it would shred my heart. It was worse and better than I imagined. I cried buckets and highly recommend this quick read. There was good humor too. Randy was a huge fan of Star Trek. When I was young, I enjoyed seeing Captain Kirk whip out his communicator. Today, 10 year old kids use "Star Trek Communicators" daily. They call them cell phones.

I will post a more complete review as a note on Facebook. If you would like to look me up, my profile is open and easy to find. If you search for Jack Miller, you will find dozens but at the bottom of the page you can add West Forsyth High to single me out. If you would like me to send you a specific and direct invitation, please let me know.

CAL up 178% in 6 months

People will tell you that airlines are economically sensitive; they are right. The good news is that CAL has gone up during the recession, just like the price of oil went up during the 2000 recession. Like they say, buy relative strength. Those who bought oil at $12 per barrel in 1999 made out like bandits, as did those who saw the trend and hopped on board by 2002 at $20 per barrel.

By the way, while only about 12 of my regular readers have joined me in the "rich media" environment of Facebook, I am confident that many others will join soon. The Star Trek era has arrived! We can't transport ourselves as fully as Captain Kirk, but we certainly can add dimension beyond the flatness of email.

I just read "The Last Lecture" by Randy Pausch; the Carnegie Mellon Professor, Father of Three, who lived life to the fullest, even after contracting terminal cancer. I saw the video late in 2007, but procrastinated on reading the book because I knew it would shred my heart. It was worse and better than I imagined. I cried buckets and highly recommend this quick read. There was good humor too. Randy was a huge fan of Star Trek. When I was young, I enjoyed seeing Captain Kirk whip out his communicator. Today, 10 year old kids use "Star Trek Communicators" daily. They call them cell phones.

I will post a more complete review as a note on Facebook. If you would like to look me up, my profile is open and easy to find. If you search for Jack Miller, you will find dozens but at the bottom of the page you can add West Forsyth High to single me out. If you would like me to send you a specific and direct invitation, please let me know.

CAL up 178% in 6 months

People will tell you that airlines are economically sensitive; they are right. The good news is that CAL has gone up during the recession, just like the price of oil went up during the 2000 recession. Like they say, buy relative strength. Those who bought oil at $12 per barrel in 1999 made out like bandits, as did those who saw the trend and hopped on board by 2002 at $20 per barrel.

By the way, while only about 12 of my regular readers have joined me in the "rich media" environment of Facebook, I am confident that many others will join soon. The Star Trek era has arrived! We can't transport ourselves as fully as Captain Kirk, but we certainly can add dimension beyond the flatness of email.

I just read "The Last Lecture" by Randy Pausch; the Carnegie Mellon Professor, Father of Three, who lived life to the fullest, even after contracting terminal cancer. I saw the video late in 2007, but procrastinated on reading the book because I knew it would shred my heart. It was worse and better than I imagined. I cried buckets and highly recommend this quick read. There was good humor too. Randy was a huge fan of Star Trek. When I was young, I enjoyed seeing Captain Kirk whip out his communicator. Today, 10 year old kids use "Star Trek Communicators" daily. They call them cell phones.

I will post a more complete review as a note on Facebook. If you would like to look me up, my profile is open and easy to find. If you search for Jack Miller, you will find dozens but at the bottom of the page you can add West Forsyth High to single me out. If you would like me to send you a specific and direct invitation, please let me know.

Link to Graphs

I have not found a link to my notes but here is a link to some of my graphs.

http://www.facebook.com/album.php?aid=48122&l=81e30&id=777298257

Link to Graphs

I have not found a link to my notes but here is a link to some of my graphs.

http://www.facebook.com/album.php?aid=48122&l=81e30&id=777298257

Link to Graphs

I have not found a link to my notes but here is a link to some of my graphs.

http://www.facebook.com/album.php?aid=48122&l=81e30&id=777298257

Link to Graphs

I have not found a link to my notes but here is a link to some of my graphs.

http://www.facebook.com/album.php?aid=48122&l=81e30&id=777298257

Link to Graphs

I have not found a link to my notes but here is a link to some of my graphs.

http://www.facebook.com/album.php?aid=48122&l=81e30&id=777298257

Link to Graphs

I have not found a link to my notes but here is a link to some of my graphs.

http://www.facebook.com/album.php?aid=48122&l=81e30&id=777298257

New Note Posted

I have posted a new note to my Facebook page. I included two graphs and one picture. I think I can share a link to the posting, even for those who are not on Facebook. I will keep trying to find out how. In the meantime, if you are not on Facebook, I encourage you to join. It takes only a moment to get started. It takes time to build ones connections but I find this to be more rewarding than watching a game on TV. Daily, I connect with and learn things about old friends and new that I would never have known.

Email will be around for a long time but we are in the middle of a paradigm shift. Communications growth is going to be of a "rich variety".

Rumors continue to swirl that Google will buy Facebook or Twitter. One never knows, but since Google is exerting so much time and effort to convert g-mail to something akin to Facebook, I suspect the two firms will remain competitors. Since Microsoft owns 4% of Facebook, it seems more likely that Google will forge stronger links to other similar services. Facebook is not likely to turn away advertising revenues that it might get from future associations with Google.

New Note Posted

I have posted a new note to my Facebook page. I included two graphs and one picture. I think I can share a link to the posting, even for those who are not on Facebook. I will keep trying to find out how. In the meantime, if you are not on Facebook, I encourage you to join. It takes only a moment to get started. It takes time to build ones connections but I find this to be more rewarding than watching a game on TV. Daily, I connect with and learn things about old friends and new that I would never have known.

Email will be around for a long time but we are in the middle of a paradigm shift. Communications growth is going to be of a "rich variety".

Rumors continue to swirl that Google will buy Facebook or Twitter. One never knows, but since Google is exerting so much time and effort to convert g-mail to something akin to Facebook, I suspect the two firms will remain competitors. Since Microsoft owns 4% of Facebook, it seems more likely that Google will forge stronger links to other similar services. Facebook is not likely to turn away advertising revenues that it might get from future associations with Google.

New Note Posted

I have posted a new note to my Facebook page. I included two graphs and one picture. I think I can share a link to the posting, even for those who are not on Facebook. I will keep trying to find out how. In the meantime, if you are not on Facebook, I encourage you to join. It takes only a moment to get started. It takes time to build ones connections but I find this to be more rewarding than watching a game on TV. Daily, I connect with and learn things about old friends and new that I would never have known.

Email will be around for a long time but we are in the middle of a paradigm shift. Communications growth is going to be of a "rich variety".

Rumors continue to swirl that Google will buy Facebook or Twitter. One never knows, but since Google is exerting so much time and effort to convert g-mail to something akin to Facebook, I suspect the two firms will remain competitors. Since Microsoft owns 4% of Facebook, it seems more likely that Google will forge stronger links to other similar services. Facebook is not likely to turn away advertising revenues that it might get from future associations with Google.