The S&P 500 Index is on the verge of setting a new high for overvaluation.
Venezuela, the once thriving country with the largest confirmed oil reserve in the world, has been “Socialized.” One result of this idiocy is a 91.6% 2-year sovereign yield.
This isn’t a Don Ho “Tiny Bubble.” But the Mother-of-all-bubbles (MOAB).
Real median household income has increased because of statistical manipulation.
Central banks including The Federal Reserve have numbed the Treasury market to the extent that it feels like it has been injected with a massive dose of Lidocaine.
Venezuela – new money, same old corruption. (Bloomberg) — It’s just been a few weeks since the rollout of Venezuela’s new money, and inflation in this new monetary era is already 100 percent.
Despite the predictions of rising inflation, core inflation (CPI YoY less energy and food) cooled to 2.2%.
According to the CFTC, gold shorts declined slightly while silver shorts continue to rise.
The mortgage landscape has changed since Dodd-Frank Banking legislation and the rise in interest rates.
According to the Mortgage Bankers Association (MBA), applications to refinance residential mortgages fell 15.33% from the previous week