Alhambra Investment Partners, LLC

The stock market is still viewed as if it were a discounting mechanism, a system where information is processed and priced to deliver insight about the fundamental state of liquidity, markets, and the...

The old adage is that strong and sustained economic growth cures many ills, if not all of them, so it is unsurprising that so many central banks would be so determined to create it. They are,...

On average, pig prices in China are about 50% higher to start this year than last. At about 25RMB per kg, prices are already above the seasonal surge that typically occurs during late summer. Last...

China’s official reported reserves rose in March for the first time in five months. Though reserves had fallen to barely $3.2 trillion in February, that was down just $28.6 billion from January,...

Not to continue beating a dead horse, but I have a stick and the carcass is right in front of me. The entire supply chain inside the US economy is full agreement both on where the economy is right now...

In July last year, the BEA reconfigured its GDP benchmarks to incorporate the results of the comprehensive 2012 Economic Census. That broad and deep survey found much less “recovery” than...

The Wall Street Journal reported a few days ago (h/t ZeroHedge) on the status of the ongoing disruption in domestic production of long haul trucks and vehicles. In what can only be confirmation of the...

It’s never a good sign when bank stocks are leading any retreat, but that is especially the case given recent events when several high profile banks were at the epicenter of early 2016’s...

Whenever the topic of recession comes up, the mainstream and especially economists (redundant) become quite defensive about the possibility. Just a few days ago, presidential candidate Donald Trump...

The only common factor on the economy viewed from the mainstream in the past few years is the shrinking standards by which it is judged. Janet Yellen can somehow suggest erratic 2% GDP growth is...

You don’t often see a move like this in a bond market. This long term, high grade corporate bond ETF from SPDR, is up 6.6% in the last month. I chose this chart because of what it shows about...

Following the explicit path of orthodox monetary and economic theory delves into something very much like Lewis Carroll’s monstrous rabbit hole he devised for Alice all the way back in 1865....

The basis for the ongoing economic paradigm shift that seems to be manifesting in a slow, lingering slowdown (that is now more than year into contraction) in the US and global economies can be nothing...

Factory orders were slightly positive year-over-year (not seasonally adjusted), the first plus sign in this category since October 2014. While that may seem like a positive or at least a step in the...

After a volatile but stagnant final two months of the year, in which the market straddled the moving averages with no clear direction, the S&P 500 Index (iShares Core S&P 500 (NYSE:IVV)) once...

In August 1855, Abraham Lincoln wrote a letter to his good friend Joshua Speed who had lived in Springfield but had since returned to his childhood home in Kentucky. The Missouri Compromise of 1820...