Solar & Market Behaviour
"Predicting the behavior of a sunspot cycle is fairly reliable once the cycle is well underway." MSFC-NASA
“My opinion is that we are heading into a Maunder Minimum,” said Mark Giampapa, a solar physicist at the National Solar Observatory (NSO) in Tucson, Arizona. “I’m seeing a continuation in the decline of the sunspots’ mean magnetic field strengths and a weakening of the polar magnetic fields and subsurface flows.”
Meanwhile a sudden flight to lower yields via up ticking CPI and global equity valuation fear. Notice the TSX Real Estate index has been in a trading range since the summer of 2012 and has failed to break through the spring 2013 top. It's similar to the Canadian real 10 year yield and if that plunges with more CAD dollar sell off, we will probably see more unwillingness to subsidize equity positions, and real estate appraisers (and margin clerks) will become busy again. DIY here.
History, Charts & Curated Readings
"History, real solemn history, I cannot be interested in.... I read it a little as a duty; but it tells me nothing that does not either vex or weary me. The quarrels of popes and kings, with wars and pestilences in every page; the men all so good for nothing, and hardly any women at all - it is very tiresome." Jane Austen spoken by Catherine Morland in 'Northanger Abbey'
"Progress, far from consisting in change, depends on retentiveness. When change is absolute there remains no being to improve and no direction is set for possible improvement; and when experience is not retained, as among savages, infancy is perpetual. Those who cannot remember the past are condemned to repeat it." George Santayana Vol. I, Reason in Common Sense