Saturday, July 7, 2018

Book thread -- what's on my shelves?

Summer reading time.  What's on my shelves?

I'm just crazy about this cool one-volume edition of Spengler printed by George Allen & Unwin in 1934, which I ordered from a bookshop in Brighton, UK.  How I love this press.


Oswald Spengler, The Decline of the West,
London: George Allen & Unwin, 1934

You should use a 500 million DM Weimar note as your bookmark when you read von Mises.

Ludwig von Mises, The Theory of Money and Credit,
New Haven: Yale UP, 4th printing, 1963


I'm reading this cover-to-cover at the moment.  Volume 2 has always been good for its tales of the camps and the White Sea Canal, but you really need to read all of Gulag to understand our enemies.  I found this at a thrift store on Mercer Island, WA, for $10.

Aleksandr I. Solzhenitsyn, The Gulag Archipelago,
New York: Harper & Row, 1974, 1st ed

Goethe

Goethe, Works: Gottingen Edition, New York: W. I. Squire, 1901

und Schiller

Friedrich Schiller, Werke in vier bänden,
Hamburg: Hoffman und Campe, 1957

John Stuart Mill, Principles of Political Economy, New York: Appleton, 1868

Talcott Parsons, The Social System, Glencoe: The Free Press, 1951 1st printing

Devereux Bowly, Jr, The Poorhouse: Subsidized Housing in Chicago,
1985-1976, Carbondale: Southern Illinois UP, 1978

Arnold R. Hirsch, Making the Second Ghetto: Race & Housing in Chicago,
1940-1960
, London: Cambridge UP,, 1983

Count Eric Oxenstierna, The Norsemen, New York,
NY Graphic Society, 1965


Ending-diagonal 5th wave finishes up EOM July

It looks like we can close the gap on the S&P 500 right into the first US GDP release at EOM July.



If w4 of the ending-diagonal ended at ~2692 on the S&P, the minor w5 will equal the w1 and fill the chart gap up around 2856.  Then we can begin our trip back to real support at the 1810 level this fall.


S&P 500 daily

edit:

Adding an alt in case the larger W4 did indeed resolve as a triangle.  This would drag the ending-diagonal out for more time, taking it close to FOMC season in September!  Still looking at Q2 GDP as a minor turn, though, but 20 pts higher than the 1st chart.  We would also see new ATHs on the S&P.

S&P 500 alt count with larger W4 triangle